Question
Explain whether marginal cost can increase when average cost decreases.

Answer

self

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

A commodity shows $E_d = (-) 2$. Quantity demanded reduces from $300$ units to $150$ units in response to increase in price. Find the increased price when initially it was $₹20$ per unit.
Calculate $Q_1$ and $Q_3$ from the following data.
Marks
Number of Students
10
4
20
10
30
20
40
8
50
6
60
3
Convert the following inclusive class interval into exclusive class interval.
Inclusive Class Interval
Frequency
0-99
2
100-199
4
200-299
5
300-399
6
400-499
3
500-599
5
Total
25
Find out elasticity of demand given the following information:
Price per unit (₹) Quantity Demanded (Units)
$10$ $20$
$9$ $25$
"Secondary data is ready for reference, while primary data has to be collected and processed”. Keeping in view the above statement, differentiate between primary data and secondary data.
Find out the average revenue and marginal revenue on the basis of the following data:
Units of ProductionTotal Revenue (₹)Average Revenue (₹)Marginal Revenue (₹)
120  
236  
348  
456  
560  
660  
756  
A consumer spends $₹1,000$ on a good priced at $₹10$ per unit. When its price falls by $20$ per cent, the consumer spends $₹800$ on the good. Calculate the price elasticity of demand by the percentage method.
Calculate the co-efficient of correlation for the following data by the actual mean method.
X
65
66
67
68
69
70
71
Y
67
68
66
69
72
72
69
Explain the meaning of statistical average or central tendency of a series.
The price quotation of different commodities for 2014 and 2015 are given below. Calculate the index number for 2015 with 2014 as base year by using:
  1. Simple Average of Price Relative.
  2. Weighted Average of Price Relative.
Commodity Unit Weight Price ( ₹)
2014 2015
A Kg 5 2.00 4.50
B Qunintal 7 2.50 3.20
C Dozen 6 3.00 3.50
D Kg 2 1.00 1.80