Business, 22.10.2020 20:01 paras29

When the average product of labor is the same as the marginal product of labor, how will the marginal cost compare to the average variable cost

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Answer from: alyssamaize

The total variable cost is about the same as the marginal cost. Elsewhere here is the further clarification presented.

Explanation:

The total labor product and the average variable expense provide inverse correlations.

This assumes that, whenever the average labor product rises, the average variable cost reduces, when the average labor productivity is already at highest, the average variable cost is already at a reasonable level, as the average labor product reduces, the average variable cost rises.

The inverse relation between the marginal product of labor as well as the marginal cost.

This suggests that, whenever the marginal product of labor rises, the marginal cost reduces, when another marginal revenue product of labor is at its highest, the marginal cost even at its reasonable level; as the marginal product of labor decreases, the marginal cost rises. Unless the marginal labor product becomes equivalent to the combined labor product, so the average labor product will be at its highest.When the real labor product will be at its highest, as shown above, the firm's average expense even at its lowest. When equivalent to marginal cost, the total variable cost has been at the lowest.

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

Answer from: Quest

answer; post closing trial balance;

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