Top Posters
Since Sunday
18
14
7
r
6
6
u
5
V
4
b
4
r
4
o
4
d
4
n
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stars_and_moon stars_and_moon
wrote...
Go to Answer
Posts: 3218
Rep: 11 0
6 years ago
Prove that average variable cost varies inversely with average product.
Read 89 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
#1
Top Poster
Posts: 3218
Rep: 26 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
  Average variable cost = total variable cost ÷ quantity.  Since total variable cost is the wage rate * labor, we can substitute that average variable cost = (wage rate * labor) ÷ quantity.  Since quantity of output ÷ labor is average product this simplifies to average variable cost = wage rate ÷ average product.
1

Related Topics

wrote...
#2
6 years ago
Incredible!
wrote...
#3
6 years ago
Great! Now we can move on to the next one
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  222 People Browsing
 239 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 184
  
 163
  
 135
Your Opinion
Previous poll results: Do you believe in global warming?