User Account

All Pages

Producer theory

Assignment Help Business Economics
Reference no: EM13997454

Producer Theory:

 

If asked to find a supply function for a firm in the long run, the easy for doing it is to compare AC to MC. In some cases though, that does not give the correct answer, and the profit function must be used. Can you advise in what cases this is true? When should I use a profit function, (and not the MC=AC shortcut), in order to find the supply curve of a 2 input firm in the long run?

Reference no: EM13997454

Questions Cloud

Determine the amount of goodwill impairment loss : Determine the amount of goodwill impairment loss that Pesky should recognize at the end of 2011, if any.
Statements best explains federalism : Which of the following statements best explains federalism?
An input in fixed supply among different products : Firms often face the problem of allocating an input in fixed supply among different products. Find the optimal crude oil allocation for the following example if the profit associated with square foot of fiber is cut to $0.375, What is gasoline margin..
Terms of the depth and breadth of their product lines : How would you array the following organizations in terms of the depth and breadth of their product lines: (a) a solo-practice family practitioner who does not deliver babies, (b) a multispecialty group practice that provides primary care at five sate..
Producer theory : If asked to find a supply function for a firm in the long run, the easy for doing it is to compare AC to MC. In some cases though, that does not give the correct answer, and the profit function must be used. Can you advise in what cases this is true?..
Suppose a market is in equilibrium : Suppose a market is in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause these changes to price and quantity?
Involved in successful gatekeeper program : Gatekeeper models of MCOs require patients to see a primary care doctor before going to see a specialist. What two key economic principles would be involved in a successful gatekeeper program?
Create a histogram and box plot for systolic blood pressure : Calculate the mean, median, standard deviation, and variance of the systolic and diastolic blood pressure measurements using the formulas provided in the course text. In your write-up, show the formulas you use to calculate each statistic.
Indicate the codification topic number that provide guidance : What is the specific citation that discusses the disclosures required in the notes to the financial statements for the impairment of long-lived assets classified as held and used?

Reviews

Write a Review

Business Economics Questions & Answers

  Explain the consumers equilibrium

Distinguish between skimming price and penetration price policy. Which of these policies is relevant in pricing a new product under different competitive conditions in the market?

  Phillips curve suggests a trade off between

1. The Phillips curve suggests a trade off between, a. unemployment rates and tax rates b. inflation and money supply c. monetary policy and fiscal policy d. unemployment rates and inflation d. inflation and GDP

  Qassume that the equation for demand for bread at a small

q.assume that the equation for demand for bread at a small bakery is qd 60 - 10pb 3y where qd is the quantity of

  Calculate the change in consumer surplus due to sales tax

Suppose the market for cigarettes is characterized by the following information: Calculate the magnitude of the consumer surplus and producer surplus in the pre-tax equilibrium. Calculate the tax revenue in the post-tax equilibrium. Calculate the cha..

  Use the sticky wage theory of aggregate supply

Use the sticky wage theory of aggregate supply to explain what will happen to output and the price level in the long run. What role does expected price level play in the adjustment?

  Convex preferences for quarters and dimes

Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The Coke machine requires exact change -two quarters and a dime. No other combination of coins will make anything come out of the machine. Does Mike have convex preferen..

  Stabilize the exchange rate of its currency

Assume quantity theory of money holds with constant K and Kf. Suppose Mexico wants to stabilize the exchange rate of its currency with US dollar (dollars/peso). If Mexico has a real GDP growth rate of 6%, what is the money supply policy Mexico should..

  Qmany developing countries in the global south turned to

q.many developing countries in the global south turned to socialism in the past as a means to solve their economic

  Interest rate differential increases-exchange market

If the U.S. interest rate differential increases, then in the foreign exchange market the

  Who are the associated member supporters

Discuss the International Health Economics Association (iHEA). Who are the associated member supporters?

  Illustrate what would happen to total employment

Illustrate what would happen to total employment, the size of the labor force, and the unemployment rate? Show the results graphically.

  Hospital cost

A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd