average variable costs curveの例文
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- The shape of the average variable cost curve is directly determined by increasing and then diminishing marginal returns to the variable input ( conventionally labor ).
- Within the graph shown in the figure, The Marginal cost curve, Average Fixed Cost curve and Average Variable cost curve can not start with zero as at quantity zero, these values are not defined.
- The Marginal Cost curve always passes through the minimum points of the Average Variable Cost and Average Cost curves, though the Average Variable Cost curve attains the minimum point prior to that of the Average Cost curve.
- A monopolist should shut down when price ( average revenue ) is less than average variable cost for every output level; in other words, it should shut down if the demand curve is entirely below the average variable cost curve.
- The Average Variable Cost curve is never parallel to or as high as the Average Cost curve due to the existence of positive Average Fixed Costs at all levels of production; but the Average Variable Cost curve asymptotically approaches the Average Cost curve from below.