In economics-the term shutdown point refers

Assignment Help Business Economics
Reference no: EM13737860

In economics, the term "shutdown point" refers to the point where the

a) marginal cost curve crosses the total revenue curve

b) marginal cost curve crosses the average variable cost curve

c) average variable cost curve crosses the marginal cost curve

d) average variable cost curve crosses the total revenue curve

Reference no: EM13737860

Questions Cloud

Shopping for a new car : Stan Money maker has been shopping for a new car. He is interested in a certain 4-cylinder sedan that averages 28mpg. But the sales-person tried to persuade Stan that the 6-cylinder model of the same automobile only costs $2500 more and is a better v..
Determine the most economical plan for initial railroad ties : A railroad branch line to a missile site is to be constructed. It is expected that the railroad line will be used for 15 years, after which the missile site will be removed and the land turned back to agricultural use. The railroad track and ties wil..
What is quarterly payment : Bill borrowed $10,000 to be repaid in quarterly instalments over the next 7 years. The interest rate he is being charged is 11.76% per year compounded quarterly. What is his quarterly payment?
Purchasing power parity condition to hold : Suppose that the Thai Baht is trading for $0.02, inflation in the US is 3% and inflation in Thailand is 1%. What must happen to the exchange rate in order for the purchasing power parity condition to hold?
In economics-the term shutdown point refers : In economics, the term "shutdown point" refers to the point where the
If a perfectly competitive firm is a price taker : If a perfectly competitive firm is a price taker, then
Two alternative ways of increasing output : John Wilson, the owner of a fast-food restaurant, estimated that he can sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day. Alternatively, he estimated that he could sell an extra 1,200 hamburgers p..
Interest compounded continuously : How many yrs (expressed with 2 decimal place precision and accuracy) will it take to triple your investment of 383 $'s,if you can obtain 5.86%/yr interest compounded continuously?
Interest rates in declining order of the amount of interest : Assume you plan to invest $10,000 at one of the following interest rates. Order the interest rates in declining order of the amount of interest they would provide in one year

Reviews

Write a Review

Business Economics Questions & Answers

  How many employees should i hire

Assume that the marginal product of labor is: MP=100-L, L is the number of workers hired. You can sell the product in the marketplace for $50 per unit, the wage rate for labor is $100. How many workers should I hire.

  Bureau of labor statistics reported

Illustrate what the assignment should include. The bureau of labor statistics reported that in the second quarter of 2008 the working age population.

  Liability damages be paid for this accident

Jake drove Amanda's truck to the football bowl game because his car was broken. On the way home, Jake was involved in an accident that was his fault. The resulting liability damages totaled $85,000. Jake has $100,000 liability coverage on his car, an..

  Describe the profit-maximizing amounts of electricity

Describe the profit-maximizing amounts of electricity to produce at the two facilities, the optimal price, and the utility company's profits.

  Corporate profitability declined

What performance % would you use to trigger executive bonuses for that year.

  U.s. supreme court ruled

Recently, the U.S. Supreme Court ruled that cities could have voucher programs that give money directly to parents, and the parents can then choose between competing schools: public and private. The idea for promoting such a ruling was to create comp..

  Are you for or against free trade are you for or against na

Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..

  Q gains from trade will result if a country specializes ina

q. gains from trade will result if a country specializes ina. the goods in which it have a comparative advantage.b. all

  Explain what is the inflation tax

“The money supply of an economy increases when the central bank simultaneously decreases the reserve requirement and sells government bonds in open market.” Explain whether this statement is true, false or uncertain. Explain what is the inflation tax..

  About wage rates before and after trade in two countries

Home and Foreign are two identical countries except that people in Home work twice as hard of those in Foreign. Each has two industries (Steel and Shoe industries), where steel production is capital intensive and shoe production is labor intensive. U..

  Illustrate what is his reservation wage

Assume he takes welfare and does not work. Illustrate what is his reservation wage. He will not lose his welfare if he works.4. Suppose he is working and receives no welfare.

  What would have been the effect on social welfare

Suppose that the authorities had effectively prohibited price-gouging and somehow managed to ensure that their action had no effect on the quantity of ice in the area. What would have been the effect on social welfare?

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