User Account

All Pages

Why a firm should continue to operate in the short run

Assignment Help Business Economics
Reference no: EM133083950

Explain why a firm should continue to operate in the short run so long as market price is greater than the firm's average variable cost at the profit-maximizing level of output.

Reference no: EM133083950

Questions Cloud

Negotiation module : Value Creation, claiming, and concessions- definitions, how to, advantages. Power- definition, importance, gaining power
Dominant strategy equilibrium : Prove that if a strategy profile is Dominant Strategy equilibrium then it is a Nash equilibrium.
Knowledge of the simple keynesian model : Based on your knowledge of the simple Keynesian model for a closed economy, indicate which one of the following is an inappropriate policy measure for a country
Make bartering an economic necessity : What other events or economic conditions, aside from the one shown in the video, might make bartering an economic necessity?
Why a firm should continue to operate in the short run : Explain why a firm should continue to operate in the short run so long as market price is greater than the firm's average variable cost at the profit-maximizing
What is the irr : 1) What is the IRR for a $925 investment that returns $200 at the end of each of the next 2 years
Consumer behavior and cultural values : Write a paper in which the interrelationship between consumer behavior and changes in cultural values is reviewed.
What should be done to bring prices back to normal : Prices are going up and many countries are going through a lot of problems. Why is that? What should be done to bring prices back to normal?
Effective an appropriate remediation instruction : Ashley, Ben, and Carter are in Dr. Cohen's 4th grade resource math class. All students have IEPs which qualify them for special education services in Math Calcu

Reviews

Write a Review

Business Economics Questions & Answers

  Labor force-number of employed

Labor force = number of employed. Labor force = population - number of unemployed. Unemployment Rate = number of unemployed ÷ (number of employed + number of unemployed) X 100.

  What will happen to the value of the dollar

If the American auto companies make a breakthroufh in automobile technology and are able to produce a car that gets 70 miles to the gallon, what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.

  The government increased the corporate tax rate

A recent industry report concluded that the global demand for the good X is expected to increase. Based on the demand projections given in the report Colaba, a firm that produces and sells X, is contemplating hiring more labor to increase production...

  Slowdown in federal spending

Now that the tax reform bill is being implemented and there doesn't seem to be a slowdown in federal spending, how can we respond to the increasing federal debt

  Define the surplus process u

The insurance company calculates premiums using a premium loading of? and has an initial surplus of U. (i) Define the surplus process U(t)

  Statements are positive and which are normative

Which of the following statements are positive and which are normative?

  Wage levels in china and other poorer countries

The result will be that American wage levels will plunge downward until they equal the wage levels in China and other poorer countries.

  Consumer surplus and producer surplus in mainland market

Taiwan’s farmers have a very good harvest of bananas this year. How does it affect the total revenue of the farmers in Taiwan? Explain your answer with a diagram. After buying the bananas from Taiwan, Beijing sells them in the mainland (domestic) mar..

  Education a worthwhile investment if the return on money

You are paying $30,000/yr for your four year college degree. You could be earning $20,000/yr if you worked instead. After graduation you will earn an immediate $30,000 signing bonus and $40,000/yr for 6 years and then you retire. Is your education a ..

  Is this firm able to earn a positive profit

Suppose that C (q) = 10q + 3,500,000 (for which MC (q) = 10 ). Use Inverse Elasticity Pricing Rule in order to determine profit maximizing price and level of output for this firm. Is this firm able to earn a positive profit.

  How much consumer surplus is generated at the prices

A monopolist firm serves 6 consumers. Each of the consumers only buy one unit of the good. Two consumers buy one unit if the price is lower or equal than $100 and the other four consumers buy one unit if the price is lower or equal than $10. The firm..

  Find the real wage of labor

The Cobb-Douglas Production function is Given as:  Find the real wage of labor (marginal product of labor), W/P. Find rate of return of capital (marginal product of capital), and

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