User Account

All Pages

The long-run equality of price and minimum average total

Assignment Help Macroeconomics
Reference no: EM13329506

The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost. That is, the firm will achieve productive efficiency.

Reference no: EM13329506

Questions Cloud

How long will it take the battery to completely discharge : A car owner forgets to turn off the headlights of his car while it is parked in his garage. how long will it take the battery to completely discharge
How does the market resolve this problem : We often find that for theSuper Bowl the quantity of tickets demanded is greater than thequantity of tickets supplied. This results in a shortage oftickets.  How does the market resolve this problem?
How much revenue will be recognized upon delivery of learn : Orange, Inc., sells a LearnIt-Plus software package that consists of their normal LearnIt math tutorial program along with a one-year subscription to the online LearnIt Office Hours virtual classroom. LearnIt-Plus retails for $400.
What is the speed of the sack at impact : A farmer throws a sack of wheat vertically downward with an initial speed of 12 m/s from the roof of a mill, 30.0 m above the ground. What is the speed of the sack at impact
The long-run equality of price and minimum average total : The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost. That is, the firm will achieve productive effici..
Determine the magnitude of the force on the wire : A straight wire segment 4 m long makes an angle of 30° with a uniform magnetic field of 0.37 T. Find the magnitude of the force on the wire
What would appear in the year-end balance sheet : Construction costs incurred during the first year were $12 million and estimated costs to complete at the end of the year were $18 million. During the first year the company billed its customer $13 million
Suppose that the economy starts at equilibrium and the mpc : Suppose that the economy starts at equilibrium and the mpc = 0.8.What would be the effect of a 500 increase intaxes once all the rounds of the multiplier process are complete?
How much do need to save at the end of each year : YOu want to retire in 30 years. You deposit $20,000 in the account now and plan to save an equal amount each year for the next 30 years. Once you retire, you will need $675,000. r=6%.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Define the lorenz curve

Compared to the Gini coefficient for income distribution, the value of the Gini coefficient for the distribution of wealth would be,percent of families on the vertical axis and percent of income on the horizontal axis b. percent of families on the h..

  Describe the sale of used clothing at a thrift store

Which of the following is a private transfer payment Unemployment benefits received by newly laid-off workers The sale of used clothing at a thrift store The Social Security benefits sent to a retired worker A check for $250 sent by a parent to a ..

  Financial institutions

"Too Big to Fail" is title of a book and a movie by HBO. It refers to the bailout of the major financial institutions that began in 2008, and at the time there was concern,

  Suppose the us is in the midst of a recession

Suppose the U.S. is in the midst of a recession and a new president has just inherited an already large public debt.

  Limitation of national income accounting

Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.

  As per the solow model how would each

As per the Solow model, how would each of the following affect consumption per worker in the long run.

  Illustrate what has happened to value of the real exchange

Illustrate what has happened to the value of the real exchange rate over time. What is the significance of this change in value.

  Explain the rational expectations theory

Which of the following is the most valid expression of a theory of underconsumption as a cause of business cycles? a. capital goods production encroaches on consumer goods production b. income equals production, but not all income is used for current..

  Do a market analysis for the product

Do a market analysis for the product. Each group may carry out some desk research and fieldwork and do a write up on the following details of a product your group have chosen.

  Walmarts financial health affected by fiscal also monetary

Illustrate to what extent is Walmart's financial health affected by fiscal also monetary policy.

  Illustrate what will be consumer consumption of gasoline

Suppose after taxation that the consumer is given a payroll tax rebate that happens to be exactly equal to the amount of gasoline tax he pays. Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of reba..

  Calculation of expected utility-maximum amount of insurance

Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?

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