Output in short run, Microeconomics

Selecting Output in Short Run

* We will combine production and cost analysis with demand to determine output and profitability.

A Competitive Firm Making Positive Profit

760_output in short run.png
1234_output in short run1.png

Selecting Output in Short Run

* Production Decisions' summary

- Profit can be maximized when MC = MR

- If P > ATC firm is making profits.

- If AVC < P < ATC firm should generate at a loss.

- If P < AVC < ATC firm should shut-down.

The Short Run Output of Aluminum Smelting Plant

2032_output in short run2.png

Posted Date: 10/12/2012 5:24:19 AM | Location : United States







Related Discussions:- Output in short run, Assignment Help, Ask Question on Output in short run, Get Answer, Expert's Help, Output in short run Discussions

Write discussion on Output in short run
Your posts are moderated
Related Questions
"Cross-Correlations of output(t) with" "x(t-1)" [3,] "output" "0.3" [4,] "consumption" "0.1

Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen

Consider 2 firms i=1,2 producing quantities q1 and q2 respectively. Let the market price be given by P=a-b(q1+q2). Firm 1''s Marginal cost c is common knowledge but 2''s cost is no

how to estimate costs?

Estimating Occupational Structure of the Labour Force within Economic Sectors in the Target Year The total output in the economy, the sectoral shares therein and labour produc

Define injections and withdrawals.   "The inflows in circular flow of income are known as injections". Investment, government spending and exports are there in injections "The

Arbitration The use of a third party to describe between two sides dead locked in a negotiation. The arbitrator's decision can be binding or not binding, as before agreed upon

Nature of Expectations in Keynes' Theory : The above discussion on the nature of expectations in Keynes' theory may be summarised as follows: 1) In forming long-term expec

Q. Define government surplus? Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spendin

Is economics an art or a science