Average cost curve, Macroeconomics

Assignment Help:

A firm with a U-shaped average cost curve finds that its revenues exceed its costs when it sets price equal to marginal cost. On which part of its average cost curve is the firm operating?


Related Discussions:- Average cost curve

What are long run and short run, What are long run and short run? Lon...

What are long run and short run? Long run: It is the time period wherein all inputs cannot be fixed. Short run: It is the time period within which at least one in

Government revenue, Government revenue, government spending and net exports...

Government revenue, government spending and net exports  G, NT and NX are exogenous variables in the classical model In the classical model (and

Inflation unemployment trade off under adaptive expectations, Explain how i...

Explain how inflation unemployment trade off is not feasible under adaptive expectations?

Real per capita gdp levels, If two countries had the same initial level of ...

If two countries had the same initial level of real GDP per capita, and Country A grows at 2.8 percent, while Country B grows at 3.5 percent, how will their real per capita GDP lev

Compute the equilibrium level as-ad model, 1 . Use the AS/AD model to a...

1 . Use the AS/AD model to a . Demonstrate graphically and explain verbally the situation the US economy is currently in. b. In the diagram you drew for part (a) above, sh

Cost to heat our homes and businesses, Use the laws of supply and demand to...

Use the laws of supply and demand to explain why the cost to heat our homes and businesses goes up in the winter time. Be sure to explain your answer fully. At least two paragraphs

What is the marginal product, What is the marginal product? The margina...

What is the marginal product? The marginal product of an input is the extra quantity of output which is generated by using one more unit of which input. Marginal product of

Probability that a randomly selected person from the city, In a city of 120...

In a city of 120,000 people there are 20,000 Norwegians. What is the probability that a randomly selected person from the city will be Norwegian?

Gdp price index, Determine the GDP price index for 1984, using 2005 as the ...

Determine the GDP price index for 1984, using 2005 as the base year

Demand, Demand: Demand is quantity of a good buyer who wishes to purcha...

Demand: Demand is quantity of a good buyer who wishes to purchase at each conceivable price. The law of demand explains us that if the price of certain commodity increases,

Write Your Message!

Captcha
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