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When XYZ Corporation Produces 35 Units of Output,its Average Variable

question 49

Essay

When XYZ Corporation produces 35 units of output,its average variable cost is $5.The marginal cost of the 36th unit of output is $7.If the firm choose to produce the 36th unit of output,what will happen to average variable cost? Explain.


Definitions:

Synapse

The small gap between two adjacent neurons, consisting of the presynaptic and postsynaptic neurons’ membranes and the space between them.

Dendrite

A projection of a neuron that receives signals (electrical and chemical) from other neurons or sensory cells, facilitating neural communication.

Axon

A long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body.

Synapse

The junction between neurons where the exchange of information occurs through chemical neurotransmitters.

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