Short-run cost theory

Assignment Help Business Economics
Reference no: EM137173

Q1. In recent years the value of the dollar had declined relative to the euro. What does that mean for European businesses exporting to the US?

Q2. Suppose that with 400 patients per year, the SAFC, SATC and SMC of operating a physician clinic are $10, $35, and $30 per patient, respectively. Furthermore, suppose the physician decides to increase the annual patient load by one more patient. Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why?

Reference no: EM137173

Questions Cloud

Advantages and disadvantages of design dominance : When design dominance is discussed, what company name comes to mind.
Macro islands increased investment : Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
What mode of nutrition do these bacteria most likely use : NASA hopes they may one day be useful in producing some electricity on a spacecraft. What mode of nutrition do these bacteria most likely use.
What ratio is obtained while platinum foxes are interbred : Within the two groups define by the bone mass, smaller skeletons have bones with evidence of epiphyseal plates, but larger bones have only a thin line where the epiphyseal plates should be. Give the age group and gender of the individuals in this fin..
Short-run cost theory : Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease.
How many chromatids will visible during metaphase of mitosis : An organism has a diploid chromosome number of 12. How many chromatids will be visible during metaphase of mitosis? How many chromosomes will be visible at the end of anaphase in mitosis? For the similar organism, how many chromosomes will be present..
Full-employment equilibrium : If the economy was working at full-employment equilibrium, illustrate the state of equilibrium after the fall in consumer confidence.
Illegal drugs is falling : You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
How many bacteria were on the soap : Suppose after washing your hands, you leave ten bacterial cells on the new bar of soap. You next decide to do a plate count of the soap after it is left in the soap dish for 24 hours. You dilute 1g of the soap 1:10 and plate it on a standard plate co..

Reviews

Write a Review

Business Economics Questions & Answers

  Mainstream theory of the business cycle

the mainstream theory of the business cycle, is the most common source of reciession: a decrease in aggregate demand, a decrease in aggregate supply, or both.

  Joint venture

Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.

  Methods realistic and achievable

What are some methods for improving the financing of the U.S. health care system. Are these methods realistic and achievable? Justify your answer with solid reasoning and appropriate references.

  The largest loan that the bank can make

The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.

  Provide tax relief for households while still balancing

In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.

  Tootsie roll company to analyze their production process

One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.

  Yellowstone national park in order to increase park revenues

Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues.

  High profits in a certain industry

the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study

  Engineers income generation

Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.

  Tit-for-tat strategy

Illustrate the way in which market forces shape the organizational responses using a range of examples.

  Production technology exhibit

Does the production technology exhibit increasing/decreasing/constant returns to scale.

  Social optimum quantity and price

What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.

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