Eye Glasses
BMW Genuine Factory OEM 51160422717 Glasses Case
BMW Factory OEM
BMW Genuine Factory OEM
Fits All BMW Models including 3 Series 5 Series 6 Series 7 Series X3 X5 X6 Z3 Z4 Z8
Mounts to The Sun Visor or Grab Handle
Price:
$39.25
$34.00
Answers
Which of the following is also true?
(a) Marginal cost of production is at a minimum at the current level of output.
(b) Marginal cost is equal to average cost of production at the current level of output.
(c) Average fixed cost is at a minimum at the current level of output.
(d) Average variable cost exceeds average cost of production at the current level of output.
If you are unsure, start eliminating the ones you know are wrong:
i)AVC can't exceed AC unless you have negative Fixed costs (which doesn't happen) so not (d)
ii)AFC gets smaller the more you produce - you produce one more unit of output and it is smaller, so it can't be at the minimum now, so not (c)
iii) It is common for marginal cost to rise as output increases, although not necessarily true for all cases, so (a) unlikely
What holds true is that when MC < AC, AC is falling, and when MC > AC, AC is rising. When MC = AC, AC is always at the minimum or maximum, so here the answer is (b)
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- Savile Row Model 'Warwick' Spectacle Frame with 'W' (saddle) Bridge - Silver Color Frame (Rhodium/Platinum) with Light Brown (Blond) acetate rims and curl sides - Hand Made in Great Britain by Savile Row from 14kt Rolled Gold. Classic Round Eye Style ~ 47mm lens size ~ Bridge Size 22mm - Traditionally made in Savile Row's Algha Factory in Smeed Road London
Savile Row Model 'Warwick' Spectacle Frame with 'W' (saddle) Bridge
Traditionally made in Savile Row's Algha Factory in Smeed Road London
Silver Color Frame (Rhodium/Platinum) with Light Brown (Blond) acetate rims and curl sides
- Savile Row Model '322' Sunglasses/Eyeglass Frame ~ Hand Made in Great Britain by Savile Row from 14kt Rolled Gold ~ as worn by John Lennon (exact same model) - Traditionally made in Savile Row's Algha Factory in Smeed Road London ~ Frame finished in Shiny Silver ~ Classic Round Eye style fitted with Yellow Lenses (removeable) and 'curl sides' - 45mm lens width size (depth 42mm) ~ Bridge Size 20mm ~ overall width from hinge to hinge 124mm ~ curl side length 165mm
These eyeglass frames can be fitted with your personal prescription by your own Optometrist or local optical store
Savile Row Model '322' Sunglasses/Eyeglass Frame ~ Hand Made in Great Britain by Savile Row from 14kt Rolled Gold ~ as worn by John Lennon (exact same model) - Traditionally made in Savile Row's Algha Factory in Smeed Road London ~ Frame finished in Shiny Silver ~ Classic Round Eye style fitted with Yellow Lenses (removeable) and 'curl sides' - 45mm lens width size ( depth 42mm) ~ Bridge Size 20mm ~ overall width from hinge to hinge 124mm ~ curl side length 165mm
Currently, average cost of production in a factory producing ...
Which of the following is also true?
(a) Marginal cost of production is at a minimum at the current level of output.
(b) Marginal cost is equal to average cost of production at the current level of output.
(c) Average fixed cost is at a minimum at the current level of output.
(d) Average variable cost exceeds average cost of production at the current level of output. If you are unsure, start eliminating the ones you know are wrong:
i)AVC can’t exceed AC unless you have negative Fixed costs (which doesn’t happen) so not (d)
ii)AFC gets smaller the more you produce - you produce one more unit of output and it is smaller, so it can’t be at the minimum now, so not (c)
iii) It is common for marginal cost to rise as output increases, although not necessarily true for all cases, so (a) unlikely
What holds true is that when MC < AC, AC is falling, and when MC > AC, AC is rising. When MC = AC, AC is always at the minimum or maximum, so here the answer is (b)
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