Cost curve is equal to the firm individual supply curve

Assignment Help Business Economics
Reference no: EM131163383

A firm’s marginal cost curve above the average variable cost curve is equal to the firm’s individual supply curve. This means that every time a firm receives a price from the market it will be willing to supply the amount of output where the price equals marginal cost. What happens to the firm’s individual supply curve if marginal costs increase?

Reference no: EM131163383

Questions Cloud

Examine the potential use of mezzanine finance in property : Examine the potential use of mezzanine finance in property development and investment. In your answer, you should canvass the following matters.
Does danone have substantial debt and or challenges : When you have completed your research, answer the following question: Does Danone have substantial debt and or challenges that will impact their growth expansion plans? Please provide examples from your research
How wsj article impacts exchanges and investment banks : how it impacts exchanges, investment banks, high-speed traders and individual investors as well as what you think will be an eventual resolution of this new challenge to wall street.
Why is plasma protein important : In your own words, is the blood an organ or a tissue? Explain why or why not. Why is plasma protein important to a healthy blood supply? Can it be donated?
Cost curve is equal to the firm individual supply curve : A firm’s marginal cost curve above the average variable cost curve is equal to the firm’s individual supply curve. This means that every time a firm receives a price from the market it will be willing to supply the amount of output where the price eq..
In paper identify cultural differences and cultural exchange : In your paper Identify the following: Cultural differences, Cultural exchange, Distribution Methods and Product/Market
What is the physical interpretation of lagrange multiplier ? : What is the physical interpretation of the Lagrange multiplier λ?
What was the actual impact of the government policies : What did the government do during 2000-2010 to either help or hinder the improvement of China's economy? Consider what policies were put in place by the government. This is where you will discuss fiscal policy, monetary policy, and supply side policy..
Session for traumatized people : In the therapy session for traumatized people, in addition to helping patients get in touch with their true feelings, I would assist in decreasing the automatic emotional response to recall of the traumatic event. This was a critical step in decr..

Reviews

Write a Review

Business Economics Questions & Answers

  Perfectly competitive firm will seek out quantity of output

In the ________, if profits are not possible, the perfectly competitive firm will seek out the quantity of output where ________.

  The producer and consumer surplus in markets

What happens if you are willing to pay $80 to go to a concert, but the ticket prices are only $50. How does this affect the producer and consumer surplus in markets? Provide a detailed response.

  Demonstrated that some times extensive diseconomies of scale

In this module, it is demonstrated that some times extensive diseconomies of scale, say, due to high transportation costs, would require that the firm produce its product in a multiple of plants. Suppose a beer brewing company has determined that its..

  Elucidate why general level of wages in the united states

Elucidate why general level of wages in the united states and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the united states

  Price level and to the equilibrium level of aggregate output

Use the AS-AD model to describe what would happen to the price level and to the equilibrium level of aggregate output in the short run in the following situations: The Fed buys bonds in the open market during a period of low unemployment and no exces..

  Write a formula which describes the marginal product

Write a formula which describes the marginal product of labor in the short run as a function of the amount of the labor used.

  Determine how the barriers prevent innovation

Select one individual and one organizational barrier to innovation. What criteria would you use to determine how these barriers prevent innovation?

  Deflationary gap in the economy

The government plans to rise state spending by $2bn in the next fiscal year.

  Calculate and label consumer surplus and producer surplus

Given the following demand and supply curves: (a) Qd= -P+10 and (b) Qs=P. (1) calculate and show the inverse demand function, graph the two lines, and both calculate and label the consumer surplus and producer surplus. add an additional line for marg..

  Explain why might industries with high fixed costs inclined

Explain why might Industries in industries with high fixed costs be inclined to prevent strikes or end strikes quickly.

  About the estimated salvage-half-year convention enforced

New equipment was just purchased for $750,000. Estimated salvage in 10 years is $50,000. Calculate the depreciation and book value at the end of year 4 for each of the following methods:

  Monopoly firm faces demand curve

A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. How much will the firm produce? Suppos..

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