Best possible rate of output

Assignment Help Business Economics
Reference no: EM131452677

Graph a situation where the typical catfish farmer is incurring a loss at the prevailing market price p1

A. What is MC equal to at the best possible rate of output?

B. IS ATC above or below p1?

C. Which of the following would raise the market price?

1. A reduction in the firm's output?

2. An increase in the firm's input cost?

3. Exits from the industry?

4. An improvement in technology?

D. What price would prevail in long-term equilibrium?

Reference no: EM131452677

Questions Cloud

Explain the concept of original jurisdiction : Define and explain the concept of "original jurisdiction" as it relates to the U.S. Supreme Court
Create a parent-friendly flyer describing two ways : E04 : Identify one (1) television show or movie that depicts an authoritarian style of parenting, one (1) that depicts an authoritative style of parenting.
Compute the water surface profile upstream of the outfall : ENV3104 Hydraulics II 2017 Assignment. Use the direct step method, and the equation below to compute the water surface profile upstream of the outfall
Examine ethical issues encountered by clinical psychologists : For this discussion, you will examine ethical issues encountered by clinical and counseling psychologists in digital age. Begin by reviewing cases of Dr Arnold.
Best possible rate of output : Graph a situation where the typical catfish farmer is incurring a loss at the prevailing market price p1.
Compute the discounted payback statistic for project : Compute discounted payback statistic for Project C if appropriate cost of capital is 7 percent and maximum allowable discounted payback period is three year.
Determine the spatial resolution : In the previous problem, the mechanical errors associated with the linear joint form a nor-mal distribution in the direction of the joint actuation.
What causes movements : What causes movements? What causes shifts? and when do we observe movements, and when do we observe shifts? in macroeconomics.
Financial stability of the healthcare system : Identify key policies that have affected the use of drugs in the US and their effect on financial stability of the healthcare syst

Reviews

Write a Review

Business Economics Questions & Answers

  Consumer-worker values two things-consumption good-leisure

Suppose the consumer/worker values two things: a consumption good C and leisure: Suppose that there are 24 hours in a day and the consumer/worker has a utility function U (C; `) = C0:5`0:5: How is this problem different from the standard utility maxi..

  Political risk has been defined as the likelihood

Political risk has been defined as the likelihood that a society will undergo political change that negatively affects local business activity. Which of the following is not an example of political risk? the foreign government has forced the transfer..

  Dependence that exist between the type of ticket and flight

A bloom berg business week subscriber study asked In the past 12 months when traveling for business what type of airline ticket did you purchase most often? a second question asked if the type of airline ticket purchased most often was for domestic o..

  General manager of a regional chemical company

Discuss the following situation (a) from the strictly legal viewpoint, (b) from a moral and ethical viewpoint, and (c) from the point of view of what is best in the long run for the company. Be sure to consider both short- and long-range consequences..

  Possible negative result of the large external debt

Which of the following is a possible negative result of the large U.S. external debt is:

  Disability insurance and unemployment insurance to workers

Governments typically provide disability insurance and unemployment insurance to workers. In contrast, governments typically mandate that firms provide workers’ compensation insurance to their workers but do not provide the coverage. Why the differen..

  Increased government purchases-expansionary monetary policy

-When increased government purchases or expansionary monetary policy does give the economy a boost, no one knows precisely how long it will take to do so. Given difficulties of timing and stabilization policy, an expansionary monetary policy intended..

  What is the market equilibrium price and quantity

Demand in a perfectly competitive market is Q = 100 - P . Supply in that market is Q = P - 10.

  Why were factors adopted by the industrialized nations

How do managed floating exchange rates operate Why were they adopted by the industrialized nations in 1973 Has the abandonment of the Bretton Woods system of adjustable pegged exchange rates been beneficial or detrimental to global financial stabi..

  Digs ditches for laying cable or pipeline

Suppose that, for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E..

  Explain how much tax revenue does this tax create

Explain how much tax revenue does this tax create. Illustrate what proportion of the tax is borne by consumers.

  Propose to model his tastes in what following way

propose to model his tastes in the following way: For any 2 bundles A and B of "grams of cocaine" and "dollars of other consumption.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd