Firm has decreasing returns

Assignment Help Business Economics

Reference no: EM13770270

In the short-run, if a firm has decreasing returns, does it have increasing, constant, or decreasing marginal cost? Explain. What about if it has constant returns? Increasing returns? Explain.

Reference no: EM13770270

Questions Cloud

Supply of Beetles is elastic-monopolistically competitive : Suppose that a monopolistically competitive restaurant is currently serving 240 meals per day (the output where MR = MC). At that output level, ATC per meal is $13 and consumers are willing to pay $17 per meal. What is the size of this firm’s profit ..

Is there any aha moment and is there any lesson learned : Have you met all the expectations you set for yourself? Is there any Aha moment? Is there any lesson learned? rap up and be prepared for your future adventure!

Explain how the mechanism described here works : The conventional wisdom has been that inflation is bad for the economy. If our inflation is running higher than our trading partners' inflation, according to this argument, our growth slows and jobs are lost. Explain how the mechanism described here ..

What advantages do you see arising from this centralization : NSA was created to consolidate the various military SIGINT groups. What advantages do you see arising from this centralization

Firm has decreasing returns : In the short-run, if a firm has decreasing returns, does it have increasing, constant, or decreasing marginal cost? Explain. What about if it has constant returns? Increasing returns? Explain.

Partner wants to take the bid and let the subcontractor : Your partner wants to take the bid and let the subcontractor suffer consequences of his bad estimate. What do you think you should do?

What are the implications for defensive actions : Based on the article by Don et al on networked terrorists and your readings on cyber collection, what advantage do those planning a cyber attack have? What are the implications for defensive actions

Model over time would depletion from non-renewable resource : If we think about a model over time (dynamic), would depletion (production) from a non-renewable resource, we wouldn't have a traditional, static supply curve that is completely based on price. Would the classic demand curve still apply?

The goal of this problem is to simulate a geometric random : The goal of this problem is to simulate a geometric random variable (which will be covered on Friday, Feb 6th in lecture). We will break this problem into two parts.

User Account

All Pages