Suppose a firm uses two inputs

Assignment Help Microeconomics
Reference no: EM131029691

Suppose a firm uses two inputs, 1 and 2, in the production of a final good. In the short run, if input 2 is fixed and its price goes down, what happens to the firm's profit?

Reference no: EM131029691

Questions Cloud

Write a researched argument essay that addresses an issue : For this Paper you will write a researched argument essay that addresses an issue related to the U.S. Judicial and/or prison system.
Do explanatory variables have to statistically independent : In the usual probit model, are the response variables independent from one subject to another? Or conditionally independent given the explanatory variables ? Do the explanatory variables have to be statistically independent? Do they have to be li..
Available for international transactions : What payment options are available for international transactions? How does each option protect the interests of the exporter and the importer?
Compare health systems from different global settings : Assignment outcomes: Compare health systems from different global settings and Analyze health systems from different global settings
Suppose a firm uses two inputs : Suppose a firm uses two inputs, 1 and 2, in the production of a final good. In the short run, if input 2 is fixed and its price goes down, what happens to the firm's profit?
Find the center transverse,axis,vertices,foci and asymptotes : Find the center, transverse,axis,vertices,foci and asymptotes.
Problem regarding the global transportation : What risks and perils are present in global transportation? Discuss how exporters and importers can manage these risks.
Which of the following statements is correct : Which of the following statements is CORRECT? a.One advantage of the NPV over the IRR is that NPV takes account of cash flows over a project's full life whereas IRR does not.
Do they have to be linearly independent : In the usual probit model, are the response variables independent from one subject to another? Or conditionally independent given the explanatory variables ? Do the explanatory variables have to be statistically independent? Do they have to be li..

Reviews

Write a Review

Microeconomics Questions & Answers

  Define gross domestic product

(National Income Accounting) Define Gross Domestic Product. Determine whether each of the following will be included in the 2007 U.S. GDP b) Automobile parts manufactured in the U.S.A. in 2007 but not used until 2008  c) Social Security benefits paid..

  The sum of coefficient are 0 using stata program

The sum of coefficient are 0 using STATA program?

  An economy that produces only two goods

Questions: If your answer is in decimal form, round to 2 decimal places. For example, if your answer is .412, enter it into the fill-in-the-blank as .41, or if your answer is 1.415, enter it into the fill-in-the-blank as 1.42. If there are no decimal..

  Write essay on economics making sense beyond common sense

Write an essay about Economics: Making Sense beyond Common Sense. What is the subject matter of economics? What role does the "division of labour" play in defining this subject matter?

  What would the impact be to the average citizen

The purpose of taxes is to generate revenue to allow government to provide services to citizens that they cannot easily provide on their own. If the government chose to reduce taxes by eliminating some tax services

  Define permanent increase in the size of the labor force

Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply

  What are the revenue maximizing rent and the occupancy rate

Easy Living Corporation manages a 1000-unit rental apartment complex. If rent is set at $2,000 a month, the complex would have a 90 % occupancy rate. A 100 % occupancy rate is achieved by reducing the rent to $1,800 a month

  Explain what kind of foreign investments would be best for

the ppf curve shows the economic choices a country can make about production given scarce resources a given technology

  Differentiate between the short run and long run

Describe several different fixed costs and variable costs associated with operating an automobile - How is the restaurant able to differentiate between the short run and long run

  Discuss how validity and reliability will be achieved

Calculate the sample size using a 95% confidence level, and a 5% margin of error and Discuss how validity (and reliability) will be achieved.

  Geometric series cash flow

Calculate the present worth of the following geometric series cash flow: Annual interest Rate =8.19 %, Annual cash flow increases 21% each year, The first year value is $85 and the series is 8 yrs long.

  Discussing the source and derivation of income principles

Based on this conclusion and discussing the source and derivation of income principles, state which amounts would be included in his assessable income for the year. You do not need to consider the consequences of any Double Tax Agreements.

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