Profit-maximizing competitive firm compare to marginal cost

Assignment Help Business Economics

Reference no: EM13834074

1- How does the price faced by a profit-maximizing competitive firm compare to its marginal cost? Explain.

2- When does a profit-maximizing competitive firm decide to shut down?

3- When does a profit-maximizing competitive firm decide to exit a market?

Reference no: EM13834074

Questions Cloud

Some macroeconomic relationships in national economy : Some macroeconomic relationships in a national economy are described by the following equations (numbers in $ millions)

Market equal to marginal cost and average total cost : In the long run with free entry and exit, is the price in a market equal to marginal cost, average total cost, both, or neither?

Display all of the integers from first value to second value : Display all of the integers from the first value to the second value, displaying the values vertically (that is, one value per horizontal line), with a header statement indicating that the list being displayed represents all of the integers betwee..

Off saving money or spending money : In your opinion, are you better off saving money or spending money? Why? Please explain? Then take the question from a more macroeconomic perspective...does your spending or saving make the economy as a whole better off (and thus indirectly you)? How..

Profit-maximizing competitive firm compare to marginal cost : How does the price faced by a profit-maximizing competitive firm compare to its marginal cost? Explain. When does a profit-maximizing competitive firm decide to shut down? When does a profit-maximizing competitive firm decide to exit a market?

Quantitatively and qualitatively relevant information : Demonstration of your understanding of the basic problem(s) presented in this case Demonstration of your depth of understanding by analyzing quantitatively and qualitatively relevant information

What is the real rate of return on your investment : You are earning 4.8 percent on a certificate of deposit. Inflation is running 2.2 percent. What is the real rate of return on your investment?

Negotiate agreement between your company and retailers : Suppose you are the main negotiator between your company and retailers carrying your company's line of dairy products. Your company is attempting to introduce a new brand of Greek yogurt, and it is your responsibility to negotiate agreement between y..

Elements of film such as theme : While you are allowed to choose a film that does not come from the AFI lists, you are strongly encouraged to email your professor to receive approval before doing so. The analysis portion of your paper should be 1500 to 1800 words in length.

User Account

All Pages