Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The answer to Average variable cost
Answer the below questions True or False, then give a brief explanation of why.
1. Average cost equals marginal cost at the minimum efficient scale of plant.
2. When total fixed cost and price are held constant, an increase in average variable cost will typically cause a reduction in the breakeven activity level.
3. If cost elasticity > 1, diseconomies of scale and increasing average costs are indicated.
4. When long-run average cost is decreasing, it can pay to operate larger plants with some excess capacity rather than smaller plants at their peak efficiency.
5. An increase in average variable cost always increases the degree of operating leverage for firms making a positive net profit.
Elucidate what was the actual price elasticity before the cartel was formed.
Illustrate a supply or demand curve shift for the following article. The price of oil fell on Monday, January 12, 2009 as the weak economy has undermined oil demand. Light, sweet crude for February delivery fell $3.24 or 7.9%, to $37.59 a barrel.
Suppose that the assumption in key concept are satisfied. Show that X i is a valid instrument. That is, show that key concept 12.3 is satisfied with Z i = X i .
Calculate the book price and quantity effects of the local 8% sales tax. With perfectly elastic demand, who pays the economic burden of such a tax?
Explain the science of economics in the presence of making a profit with scarce resources
Exchange and markets, Demand supply and market equilibrium
What is Bill's opportunity cost of producing one hat, In which of the two activities does Mary have a comparative advantage.
Illustrate what are your preconceptions of economics. Do you think economics will be a relatively difficult course.
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
How is interest rate described? Why is there a lower present value of goods to be delivered in future? What are their respective interest rates? Illustrate the adjustments which you think will ensue.
Recently, a troubled bank borrowed $800 million from the Federal Reserve. Describe the impact this event had on the monetary base.
Decide what sports were like NFL before the introduction of the salary cap?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd