SAC and LAC, Microeconomics

Assignment Help:
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?

Related Discussions:- SAC and LAC

What is meant by non price competition, What is meant by non Price Competit...

What is meant by non Price Competition? In which market structure does it exist?  None price competition is an effort put by the supplier to earn extra profit without enhancing

Intermediate microeconomics, show that the necessary and sufficient conditi...

show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .

Real estate development and process, Answer the following question Focus on...

Answer the following question Focus on Real Estate Development Normal 0 false false false EN-IN X-NONE X-NONE

Externalities, What are corrective taxes? Why do economists prefer them to ...

What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss

Average level of nominal prices, Price Level:Overall average level of nomin...

Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting

Surplus- economics, Surplus: Anysector or agent in economy (business, hous...

Surplus: Anysector or agent in economy (business, householdor government) experiences a surplus when its income surpasses its expenditure. Surplus, Economic: For the economy

#title.elasticity of demand., different btn elesticity of demand and inelas...

different btn elesticity of demand and inelasticity of demand

Current economic climate, a) Provide a detailed valuation of an equity inve...

a) Provide a detailed valuation of an equity investment decision in the current economic climate. Your briefing should include: i) A review of the 'top-down' analysis that led

Identify the basic postulates of economics, Question 1 Identify the basic...

Question 1 Identify the basic postulates of economics Question 2 Discuss the role of price mechanism Question 3 Explain the shape and application of Engel curve

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