User Account

All Pages

Long-run average cost minimized

Assignment Help Microeconomics
Reference no: EM132511681

In the long run, a perfectly competitive company should always produce at the production level where the long-run average cost is minimized. Is this statement true? Explain your answer.

-Pindyck, R. andD. Rubinfeld (2001), Microeconomics,5th edition, Pearson-Prentice Hall, Madrid. (Chapter8). Chapter8,"The Maximization of Profits and Competitive Supply"

Reference no: EM132511681

Questions Cloud

What necessary information would need to be obtained : What necessary information would need to be obtained about the patient through health assessments and diagnostic tests? Consider how you would respond as an.
Describe best experience in terms of employee development : Describe your best experience in terms of employee development and explain why it was so effective. Then describe your worst experience in terms of employee
Explain health assessment information required for diagnosis : Write a detailed one-page narrative (not a formal paper) explaining the health assessment information required for a diagnosis of your selected patient.
Have ever been involved in a layoff separated : Have you ever been involved in a layoff or involuntarily separated from an organization, either as a manager or as an employee
Long-run average cost minimized : In the long run, a perfectly competitive company should always produce at the production level where the long-run average cost is minimized.
What key points could a nurse bring to meeting and subject : Discuss the nurse's role in the policy development model. Additionally, talk about the policy meeting you have attended or will be attending.
How many units of his good will the monopolist sell : a. How many units of his good will the monopolist sell? b. What are the monopolist's total profits?
Sharp down turn in economies : The recent pandemic has caused a sharp down turn in economies. In the United States this economy lump has been accompanied by a reduction
Steep analysis-whole foods mart : Gather information on a specific organization you might want to work for. Information can be gathered from the library, directly from the organization,

Reviews

Write a Review

Microeconomics Questions & Answers

  A potato farmer expands output

If a potato farmer expands output, he finds that the increase in total revenue is less than the increase in total costs. This means that:A) Profit is being maximizedB) He should not have expanded output

  Why some people obtain extra education while others do not

Conduct a cost-benefit analysis of obtaining a graduate degree. Assess both the short-term and the long-term costs and benefits to determine why some people obtain the extra education while others do not.

  Why was San Francisco cheaper

In the early part of the twentieth century, it was cheaper to travel by rail from New York to San Francisco than it was to travel from New York to Denver.

  How a large prize spread in a tournament elicits

Show how a large prize spread in a tournament elicits a higher level of work effort from the participants. Discuss some of the problems encountered.

  Explain the meaning of equilibrium in a market

Explain the meaning of equilibrium in a market. What is the equilibrium price of avocados currently? What reason in the article suggests this?

  Provide an overview of the new web-based organization plans

For this part of the Key Assignment, include the following: Provide an overview of the new Web-based or Internet network the organization plans to implement.

  What is the equilibrium outcome in game

Based on this information, can GE successfully prevent Maytag from entering this market by increasing its advertising levels? What is the equilibrium outcome in this game?

  Can the fed fight both inflation and unemployment

How might the Fed respond to a problem of substantial unemployment? How might the Fed respond to a problem of high inflation? Can the Fed fight both inflation and unemployment?

  Define verage hourly wage,output and annual overhead cost

An American Company that sells consumer electronics products has manufacturing facilities in Mexico, Taiwan, and Canada. The average hourly wage, output, and annual overhead cost for each sit.

  Yumi is a lawyer specialized in mampa when she takes a case

yumi is a lawyer specialized in mampa. when she takes a case she receives 1000 as a basic payment. if she manages to

  Draw a decision tree for this given problem

The clarity test is an important issue in Exercise. The weather obviously can be somewhere between full sunshine and rain. Should you include an outcome like.

  Assume that water utility has simple volumetric pricing

suppose that a water utility has a simple volumetric pricing structure and charges 800af for water service-a price that

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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