the total cost of producing x units of a certain commodity is given by does marginal cost increase or decrease with increasing production? not enough information to answer marginal cost is constant. marginal cost is increasing. marginal cost is decreasing.

Question

21-10-2022
Business

Answered

the total cost of producing x units of a certain commodity is given by does marginal cost increase or decrease with increasing production? not enough information to answer marginal cost is constant. marginal cost is increasing. marginal cost is decreasing.

Answer :

Other Questions

the term is used to describe the additional cost of producing one more unit. question 42 options: a) marginal cost b) variable cost. c) average cost. d) fixed c

if a monopsony paid its workers a wage equal to their value of marginal product, it would be maximizing its profit. group of answer choices true false

what happens to the value of a firm's investment when it's cost of capital (interest rates) increase?

a cost-effective approach to addressing diarrhea in low-income settings is:

" the manager of a car wash must decide whether to have one or two wash lines. one line will mean a fixed cost of $6,000 a month, and two lines will mean a fixe

which of the following would be classified as a use of cash? group of answer choices an increase in inventories. an increase in retained earnings. a decrease in

which action should you take if your goal is to optimize display campaigns before increasing budgets?

the total of the cash flows from operating, investing, and financing activities equals the net increase or decrease in cash for the period. group startstrue or

A businessman bought a car dealership that is incurring a loss of $500,000 a year. he decided to strategize in order to turn the business around. in addition to

the hot new video game system is having production delays, which is limiting the number of units available for resale. how will sellers most likely react in thi

sapanpandit sapanpandit · Answer 1 · 2022-10-24T10:37:13-04:00

If the price of producing x units commodity of a certain good is given by the expression, then the marginal cost is dropping C(X) = 1/7x+6+7

Marginal cost is the term used to describe the additional expenses spent by manufacturing more units of a good or service. It is computed by dividing the entire variation in the cost of producing commodity more items by the variation in the quantity of goods produced.

Labor and materials are typically included in the calculation's variable costs, along with any anticipated increases in fixed costs like overhead, selling costs, and administrative costs. To maximize the production of cash flow, the marginal cost formula can be employed in financial modeling.

So, marginal cost is decreasing if the the total cost of producing x units of a certain commodity is given by C(X) = 1/7x+6+7

Learn more about marginal cost here

https://brainly.com/question/7781429

#SPJ4