If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain.
A. very small because the average total cost of production rises with output.
B. very large because the marginal cost of production falls with output.
C. very small because the total cost of production rises with output.
D. very large because the average total cost of production falls with output.
E. very small because the average variable cost of production rises with output.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the firm wanted to minimize the average total cost, would it choose to be very large or very small? Explain. A. very small because the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Sandra views herself as a tough but fair supervisor. She gives explicit instructions to her subordinates about how tasks should be accomplished and closely supervises their performance.
Answers (2)
The 2017 tax plan, which cut corporate tax rates to 21%, was set to stimulate firms to invest in physical capital (as profits after taxes should have increases).
Answers (1)
What classifications can exist under the law and be subject to varying degrees of scrutiny? A. gender B. race C. age D. all of these
Answers (1)
Which often occurs when a company goes public A. an increase in debt payments B. greater pressure to make bigger profits C. a reduction in productive effciency D. an increase in its bond rating
Answers (1)
Tower Company planned to produce 3,000 units of its single product, Titactium, during November. The standards for one unit of Titactium specify six pounds of materials at $0.30 per pound. Actual production in November was 3,100 units of Titactium.
Answers (1)
New Questions in Business
1. Alejandro and Roger are working on a group project for class that requires writing a paper and designing charts to explain the information contained in the paper.
Answers (1)
The production manager for Beer etc. produces 2 kinds of beer: light (L) and dark (D). Two resources used to produce beer are malt and wheat. He can obtain at most 4800 oz of malt per week and at most 3200 oz of wheat per week respectively.
Answers (1)
Sara shouppe has invested $100,000 in an account at her local bank. the bank will pay her a constant amount each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year.
Answers (1)
Jeremy Abdul is a marketing manager at one of the largest advertising firms in the northwest. If Jeremy undertakes decisions on brand awareness, promotional campaigns, and guerrilla marketing, what level of decision making would he be involved with?
Answers (1)
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $800,000.
Answers (1)