Illustrate that why the mc is not u-shaped

Assignment Help Microeconomics
Reference no: EM13208899

In general, marginal cost curve is U-shaped as you learned in my lecture and textbook. However, exception exists. Would you please provide one particular industry as an example to illustrate that MC is not U-shaped? A reference link (URL) to an article which supports your example will be a plus.

Reference no: EM13208899

Questions Cloud

Will lady gaga wager more or less as result of reimbursement : Suppose that Lady Gaga goes to Las Vegas to play poker and at the last minute her record company says it will reimburse her for 35 percent of any gambling losses that she incurs. Will Lady Gaga wager more or less as a result of the reimbursement of..
Compute the total heat capacity of the calorimeter : assuming that neither the density of water nor its specific heat capacity change with temperature, calculate the total heat capacity of the calorimeter.
Explain the preparation of acetate buffer : Decribe the preparation of the 100mL of a 50 mM acetate buffer at pH 5.5 beginning iwth sodium acetate and 1M acetic acid
What level of excess reserves does the bank have : Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $15,000 in currency into the bank and that currency is added to reserves.
Illustrate that why the mc is not u-shaped : In general, marginal cost curve is U-shaped as you learned in my lecture and textbook. However, exception exists. Would you please provide one particular industry as an example to illustrate that MC is not U-shaped
Define electron configuration for an octahedral complex : write a electrn configuration for an octahedral complex, write the electron configuration for [RhCl6]^-3 in terms of MO labels for ground electronic state.
What is the probability that a pga tour player makes a putt : Further analysis showed that for putts that were made 64.0% of the time the player was attempting to make a par putt and 18.8% of the time the player was attempting to a birdie putt. What is the probability that a PGA Tour player makes a putt
State a electrn configuration for an octahedral complex : write a electrn configuration for an octahedral complex, write the electron configuration for [RhCl6]^-3 in terms of MO labels for ground electronic state.
Define diphenylamine sulfuric acid : What difference in titrant volume would you except between the end- point and the equivalence point if the only indicator available was diphenylamine sulfuric acid

Reviews

Write a Review

Microeconomics Questions & Answers

  Question about nyse euronext and the nasdaq

Suppose you have been asked to make a report for a group of new stock brokers about NYSE-Euronext and the NASDAQ.

  Does the consumer believe that more is better for each good

Consider the utility function \(U(x,y) = y\sqrt{x}\) a)Does the consumer believe that more is better for each good? b)Do the consumer's preferences exhibit a diminishing marginal utility of x? Is the marginal utility of y diminishing?

  Was the boards refused to remove the poison pill

However, the offer was contingent upon the Wallace board eliminating the poison pill. Wallace consulted with its investment banker, which advised the company that the offer was inadequate but did not inadequate. Both the board and its banker belie..

  Total revenue with the price reduction

What is the Exy and what does that number mean and what is the relationship between these two goods - What would happen to total revenue with the price reduction

  How the company has broken its commitment of confidentiality

Assume that federal health investigators are pursuing a report that one of your manufacturing plants has a higher-than-average incidence of cancer among its employees. The plant happens to keep excellent medical records on all its employees, stret..

  Explain price discriminate

Explain why Monopolistically Competitive firms charge different prices for their products and Oligopolies tend to all charge the same price. Explain why all businesses do not Price Discriminate.

  Explain three advantages of international trade

Explain the advantages and disadvantages of international trade. Some possible areas to use are comparative advantage, gains from trade, and trade restrictions.

  Price charged to local versus out of town visitors

Explain why the relationship between the prices charged to locals versus the prices charged to out of town visitors? Why does this happen?

  Expected rate of return

What is your expected rate of return over the one-month holding period?

  Trade of importing country and exporting country

What would each of the following events do to the terms of trade of the importing country and the exporting country, other things being equal?

  Special characteristics of purely competitive firms

How does the investment banks industry fit into the perfectly competitive model - Special characteristics of purely competitive firms

  Describe at least two actions a manager can take

Describe at least two actions a manager can take to protect her or himself and the organization she or he represents from a tort lawsuit.2. Create a list of five best practices that managers in most industries could take to protect the privacy of ..

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