8. The marginal cost schedule of a firm can be interpreted as its supply schedule in the production of a good because
A. marginal cost will increase when the output of the firm increases.
B. we can tell the quantity of the good the firm plans to produce from the marginal cost schedule
given the price of the good.
C. the quantity of the good the firm plans to produce depends positively on the marginal cost of
producing the good.
D. we can tell the price of the good from the marginal cost schedule given the quantity of the good.
點解A 唔岩 ????????
marginal cost
2011-09-13 9:01 am
回答 (2)
2011-09-13 9:16 pm
✔ 最佳答案
the marginal cost is decreasing at the initial stage, and then increasing at later stage.Hence the increase in output at the initial stage, the marginal cost is decreasing.
2011-09-13 11:58 pm
The supply schedule, depicted graphically as the supply curve, represents the amount of some good that producers are willing and able to sell at various prices, assuming ceteris paribus, that is, assuming all determinants of supply other than the price of the good in question, such as technology and the prices of factors of production, remain the same.
Under the assumption of perfect competition, supply is determined by marginal cost. Firms will produce additional output as long as the cost of producing an extra unit of output is less than the price they will receive.
Under the assumption of perfect competition, supply is determined by marginal cost. Firms will produce additional output as long as the cost of producing an extra unit of output is less than the price they will receive.
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