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Is the cost of school sports increasing?
It depends on the schools financial problems,if they need money then yes it is increasing. If not then the will be at a constant price.
What are 4 different types of opportunity cost?
Increasing, Decreasing, Constant, and 0.
Types of opportunity cost using production possibility curve?
constant, decreasing and increasing
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
How can the production possibilities curve illustrate opportunity cost?
It shows weather the item you are talking about is increasing or decreasing.
Why is cost of home insurance increasing when the value of the home is decreasing in value?
Many older Homes, like older Automobiles can cost more to repair.
Cost of eggs in 2008?
The price of food has changed over time, increasing and decreasing. The cost of eggs in 2008 ranged between $1.83 and $2.17.
Average cost of school sports?
in middle school about 100$
Why is the Marginal cost curve downward sloping?
Marginal cost curve is u-shaped curve, this is due to law of variable proportion(return to factors), firstly, there is an increasing return (i.e, decreasing cost) then there is a stage of constant returns (i.e, constant cost) then lastly comes the stage of decreasing returns (i.e increasing cost), that`s why marginal cost curve first slopes downward and then slope upward and become u-shaped.
How does a company recognize that they've achieved economies of scale or diseconomies of scale?
They can recognise this by seeing that, when quantity is changed, the unit cost of production is falling or increasing at a changing rate. When there is an economy of scale, the unit cost of production is decreasing with units produced; with diseconomies, it is increasing. This can also be represented mathematically by finding the derivatives of cost functions.
What is the effect on led by increasing or decreasing current?
An LED will shine brighter as more current is pushed through it. There is a dimishing return on this - at some point, increasing current will not increase the brightness very much, and will cost significantly more in terms of power.
Why Total variable cost usually inverse S shape?
the total varible cost is inverted S because The varible cost increases t n decreasing rte in the starting stages then increases t n increasing rte due to law of variable proportions
