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amberfrog150Lv1
28 Sep 2019
Ch. 4: Extent (how much) decisions.
a. define and calculate average costs?
b. define marginal cost and marginal revenue?
c. What is a marginal curve's relationship to its total curve?
d. Regarding marginal analysis:
e. Why are average costs are not appropriate in making extent decisions?
f. Explain what is defined by MR=MC?
g. Explain if MR>MC, and why?
h. Explain if MR<MC, and why?
The Textbook use for this assignment is Managerial Economics, Froeb Chapters.
Ch. 4: Extent (how much) decisions.
a. define and calculate average costs?
b. define marginal cost and marginal revenue?
c. What is a marginal curve's relationship to its total curve?
d. Regarding marginal analysis:
e. Why are average costs are not appropriate in making extent decisions?
f. Explain what is defined by MR=MC?
g. Explain if MR>MC, and why?
h. Explain if MR<MC, and why?
The Textbook use for this assignment is Managerial Economics, Froeb Chapters.
1
answer
0
watching
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Joshua StredderLv10
28 Sep 2019