Difference between average cost and total fixed costs
What are the difference between average cost and total fixed cost?
Expert
Average fixed cost is acquired by dividing total fixed cost through total output. Therefore, total fixed cost curve and average fixed cost curve are demonstrated below here:
By the above graph this is clear that the total fixed cost curve is horizontal to OX axis. Conversely, the average fixed cost curve slopes by left to right. It implies as that the output raises, the average fixed cost falls.
Provide a brief introduction of the term Margin of Safety?
Explain the term business cycle in brief.
Illustrates the environmental or external issues.
States the term Shift in Demand?
When this purely competitive labor market is firstly into equilibrium at D0L, S0L, raise in labor productivity will result within equilibrium being attained at: (w) D0L, S0L. (x) D1L, S0L
What are the Environmental or external issues of managerial economics?
Demand for labor of this purely competitive firm in given figure corresponds to: (1) line segment ab. (2) line segment bd. (3) line segment be (4) line segment df. (5) line segment dg. Q : What are the scopes of managerial What are the scopes of managerial economics?
What are the scopes of managerial economics?
When an exceptionally warm winter caused the quantity of cashmere sweaters supplied to exceed the quantity demanded at the present market price, in that case: (1) cashmere sweaters will be more heavily demanded subsequent year than this year. (2) an overload of cashme
Illustrates the relation between Average Revenue, Total Revenue and Marginal Revenue?
18,76,764
1937911 Asked
3,689
Active Tutors
1460917
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!