Marginal cost and average cost

Assignment Help Business Economics
Reference no: EM131988132

What is (if any) the relationship between Marginal cost and Average cost? What happens in the "long-run" regarding production and cost? In your analysis, describe such concepts as: Economies of scale; Minimum efficient scale and Diseconomies of scale. How do indivisible inputs affect production costs?

Reference no: EM131988132

Questions Cloud

Explain the difference between deflation and disinflation : Explain the difference between deflation and disinflation, and analyse the impact on an economy of a prolonged period of deflation. with references if possible
Determine the true cash balance for ana checking account : A check of $70, which was previously deposited, was returned by the bank plus a $10 service charge. Determine the true cash balance for Ana's checking account
What is the running time of modified quick-sort algorithm : What's the running time of my modified quick-sort algorithm on an array of numbers that's already sorted?
Plot a family of curves to display the effects of p and n : Plot a family of curves to display the effects of P and N on the probability of success in N trials, PN.
Marginal cost and average cost : What is (if any) the relationship between Marginal cost and Average cost? What happens in the "long-run" regarding production and cost?
Determine the expected utility cost : James is trying to determine if there is a relationship between machine hours and utility costs. Determine the expected utility cost
Inflationary gap or a deflationary gap : When the aggregate supply curve intersects the aggregate demand curve at a level of real GDP that exceeds potential GDP, is there an inflationary gap
What factors influence the demand for product : 1. What factors influence the demand for this product? What factors influence the supply of this product?
What is the effect of including harbor in net income : The amortization of excess cost allocations totaled $80,000 in 2010. What is the effect of including Harbor in consolidated net income for 2010

Reviews

Write a Review

Business Economics Questions & Answers

  Write an equation that describes her budget constraint

Clara's utility function is U(X,Y) = (X + 2)(Y +1). Write an equation for Clara's indifference curve that goes through the point (X,Y) = (2, 8). Suppose that the price of each good is one and that Clara has an income of 11. Write an equation that des..

  Qsuppose you have a 2000 bond that makes an annual interest

q.suppose you have a 2000 bond that makes an annual interest payment of 75. use this information to answer the

  Do the hold out values fall within the forecast

Do the hold out values fall within the forecast 95% confidence limits?

  Do you think in legal matters and health matters

Do you think in legal matters and health matters and so forth people should be economically valued differently? or should there be one standard amount each person is worth/

  What role property rights play in creating common property

What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to non-excludability?

  Patient outcome and financing success or failure

What criterion should be using to analyze the impact of healthcare reform on insurance coverage, health system and patient outcome and financing success.

  Less trusting as we define our buying behavior

What are some of the characteristics that we can attach to marketing trends in 2016 and beyond? Are we becoming more frugal consumers or less trusting as we define our buying behavior?

  Used by the fed to change the money supply

The Federal Reserve controls the nation's money supply by using various tools that it has at its disposal. Which of the following is not a tool used by the Fed to change the money supply?

  Long term survival of the economy

Is the long term survival of the United States economy at risk because of the United states government's level of debt and the amount of the debt held by foreign entities such as China? Why or why not?

  What quantity of labor to demand

Explan how AT&T determines what quantity of labor to demand and what events could shift the demand and supply of that labor.

  What should she charge per bus to maximize her profit

What should she charge per bus to maximize her profit? What would her profit be?

  Bond par value and market value

What is the impact of the coupon rate and yield to maturity (YTM) on the bond par value and market value?

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