Perfectly competitive firm, Macroeconomics

Assignment Help:

Explain why P=MC in the short-run equilibrium of the perfectly competitive firm, whereas in the long-run equilibrium P=MC=AC.


Related Discussions:- Perfectly competitive firm

Investment, What are the basic differences between the investment curve and...

What are the basic differences between the investment curve and an investment demand curve for an economy

Uninsured patients are expected to pay, A radiology firm charges $2,000 per...

A radiology firm charges $2,000 per exam. Uninsured patients are expected to pay list price. How much do they pay?

Data and methodology - macroeconomy analysis, In order to estimate the VAR,...

In order to estimate the VAR, I have firstly to specify the data which will be analysed. As it is my aim to observe the correlations between oil prices and key macroeconomic variab

Relationship between oil prices and economic, It was observed that followin...

It was observed that following a one standard deviation shock to the price of oil, interest rates rose sharply immediately afterwards reaching a maximum after two quarters. Then fr

State the private sector in the circular flow, State the Private sector in ...

State the Private sector in the circular flow Private sector total income is known as the national income. As private sector receives entire return from the factors of prod

What are the international economic crisis, What are the international econ...

What are the international economic crisis A current account surplus can only take place in one nation if there is a current account shortage in another country. So it makes no

Determine about the gross domestic product growth, Determine about the gros...

Determine about the gross domestic product Growth By (nominal) GDP-growth we mean % change in (nominal) GDP over a particular period of time. Real GDP growth is stated as perce

Rent, discuss modern theory of determination of rent?

discuss modern theory of determination of rent?

National income determination, impact of change in government expenditure a...

impact of change in government expenditure and tax on fiscal policy

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