+1-415-670-9189
info@expertsmind.com
Illustrate what will happen to the profit in the long run
Course:- Macroeconomics
Reference No.:- EM13224459





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Macroeconomics

Illustrate the average cost, marginal cost, and marginal revenue for a firm making a positive economic profit in a short run, perfectly competitive environment. Indicate the profit. Now illustrate what will happen to this profit in the long run.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Since GDP measures the nation's output at current market prices, then if a good or service is not exchanged through the marketplace, it cannot and does not go into GDP A maj
1. List the 4 functions of money and provide an everyday example of each. 2. For each of the following transactions, place an X in the table to indicate whether direct or indi
What other factors affecting Bulgaria should be included in a SWOT analysis? Evaluate the potential for tourism to contribute to Bulgaria's rural economic development in view
Define direct foreign investment and multinational corporation. What are the benefits that economic theory would claim for direct foreign investment?  What is the signific
1. Suppose there are two types of food, meat and bread. Draw indifference curves for the following consumers. (LO3) a. Ed likes variety and prefers to eat meat and bread toget
Identify and describe a real world example of an oligopoly. What characteristics of this market fit the definition of an oligopoly? What role does advertising play in this m
Display the user's name (first and last), hourly rate, hours worked, withholding tax percentage, withholding tax and gross pay. When a user is not an employee - display the pr
Identify and analyze the factors that have driven growth in real GDP - Identify any recent events or changes that have caused an increase in GDP but not a correlating increa