### Marginal and average cost curves

Assignment Help Operating System
##### Reference no: EM13805

Question 1:

A) In a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production?  Why or why not?

B) Why do marginal and average cost curves take a "U" shape?

Question 2:

Define "Monopoly".  Is it true that a monopolist will maximize profit where Marginal Revenue equals the Average Cost of Production?  Why or why not?

Question 3:

Define Elasticity.  If you have a product where elasticity is less than one, what does that mean?  Is it good, bad for the firm?

Question 4:

Why will firms not shut down as soon as the price of their product drops below the Marginal cost?  At what point will most firms go out of business (shut-down) and why?

#### Questions Cloud

 Constructing the parameters of the rsa cryptosystem : The general method for constructing the parameters of the RSA cryptosystem Write an essay on the youngest billionaire : Write an essay on the youngest billionaire Job costing in service organizations : How is job costing in service organizations different from job costing in manufacturing environments? Marginal and average cost curves : n a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production. Marginal and average cost curves : n a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production. Write a multi-threaded program : Write a multi-threaded program to solve producer and consumer problem Implementation of classes : Implementation of classes Chart and BarChart. Class barChart chould display a simple textual representation of the data Calculate the dc voltage : Calculate the dc voltage applied to the circuit. Synchronization primitive in multiprocessor systems : Describe why interrupts are not appropriate for implementing synchronization primitive in multiprocessor systems.

### Write a Review

#### Implementation of algorithms for process management

The Shortest Job Next (SJN) algorithm queues processes in a way that the ones that use the shortest CPU cycle will be selected for running rst.

#### Develop a user mode command interpreter

Develop a user mode command interpreter which support list-short.

#### Memory allocation in operating system

Analysis and implementation of algorithms for memory allocation in operating system, Explain First- t and best- t methods are used in memory allocation in operating systems.

#### Stand alone child process

Forking the child process