Small business making ceramic mugs and selling

Assignment Help Business Economics

Reference no: EM133629843

Question

Consider this scenario: Alisa starts a small business making ceramic mugs and selling them via Amazon both domestically and internationally. She competes with too many similar small businesses in a perfectly competitive market.

How can Alisa derive her supply curve based on the information she has on the market equilibrium price and her costs of production in the first year of business? Under what conditions will she be forced to shut down temporarily?

Reference no: EM133629843

Questions Cloud

Explain what is feminist about these elements : Marilyn Waring has been described as a grandmother of feminist economics. Explain what is feminist about these elements.

Discuss how knowledge generated from this model : Discuss how knowledge generated from this model will help in decision making.

Technology-driven service economy : How do you think the United States economy will change as we move closer to a technology-driven service economy?

What is the annual rate of seigniorage : If real money balances are $1,000 billion (2023 dollars), and the monetary expansion rate is 20%, what is the annual rate of seigniorage

Small business making ceramic mugs and selling : Alisa starts a small business making ceramic mugs and selling them via Amazon both domestically and internationally.

Capital costs in country decreases : Capital costs in a country decreases. What will occur due to this shift in factor price in terms of land intensive and labor intensive goods.

Calculate expected accounting profit and economic profit : Calculate the expected accounting profit and economic profit you will make. What will happen to any economic profit in the long run?

Country immigration policies : If you were in charge of your country's immigration policies would you focus on internal controls, external controls.

Sport as global phenomenon and source of competition : Sport as a global phenomenon and source of competition between countries can be both friendly and intense.

User Account

All Pages