Why are short-run average cost curves frequently u-shaped

Assignment Help Econometrics
Reference no: EM131142405

Why are short-run average cost curves frequently U-shaped? Assume that the average cost curve is U-shaped: What is the relationship between the average and marginal costs? What does the total cost curve look like?

Reference no: EM131142405

Questions Cloud

Explain some challenges that working families face : Describe the range of emotions associated with being the parent of a child with special needs. Select two emotional states and describe how you, as a teacher, would work with a parent experiencing these emotions. Identify and describe three roles..
Which is not usually an aim of epidemiology : Which of the following is not usually an aim of epidemiology? Which of the following activities characterizes a clinical approach (as opposed to an epidemiologic approach)?
Do these curves have the shape you would expect : Do these curves have the shape you would expect? Do the minimum and average cost curves intersect at the point you expect?
What is the daily estimated truck traffic on the three lanes : What is the daily estimated truck traffic on the three lanes?
Why are short-run average cost curves frequently u-shaped : Assume that the average cost curve is U-shaped: What is the relationship between the average and marginal costs? What does the total cost curve look like?
How long will the pavement last with the new loading : If El Niño has caused the drainage coefficient to drop to 0.8, how long will the pavement last with the new loading and the additional lane (same volume of truck traffic)?
What are the relationships between these costs : What are short-run and long-run costs? What is the relationship between them?
Which cell is the most abundant in the human body : Which cell is the most abundant in the human body? Which of the following systems is the only one to have direct interactions with the other three?
Describe three effective stress-management techniques : Write 150 to 200 words describing how stress can affect you physically and mentally, and which coping strategies you may use to work through this situation. Describe three effective stress-management techniques.

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the 99 percent confidence interval for ß2

explain why it includes some values not included in the 95 percent confidence interval calculated in the previous section.

  Find estimated mean mpg mileage for the vehicle tested

The EPA tests vehicles for gasoline mileage under stringent testing conditions. The testing for a particular make and model of mid-sized SUV involved 35 vehicles submitted by the manufacturer. Assume the vehicles submitted for testing constitute a..

  Did the government enact a priceceiling or a price floor

Consider Good E, which, when sold in a particular country, has anequilibrium price = $10.00. The government of that country decidedthat it doesn't like that equilibrium price, and so passes alaw which prevents the product from selling for $10.00.

  1 the discrete random variable x has probability

1. the discrete random variable x has probability distribution given bya. find the value of a. b.

  Conclude modification reduced the number of traffic accident

were chosen at random, and the traffic lights of those intersections were modified. The numbers of minor accidents during a six-month period before and after the modifications were: NUMBER OF ACCIDENTS

  Develop a reputation for good food

If reputations are important, which restaurant will have a greater incentive to offer good service-one that is part of a national chain (such as McDonald's or Burger King) or one that is locally owned?

  Find macro data on the british economy''s performance

What were nominal interest rates in Britain and the euro zone after 1998? How would Britain have fared if the ECB had been setting Britain's nominal interest rate at the euro zone level and the pound sterling's euro exchange rate had been fixed?

  What is the variability in q is explained by the equation

Obtain a linear function for demand in the form Q = A +bP using linear regression formulae (contained in the book/appendix)from these five price/quantity points: P= 20, 17, 15, 10, 8 Q = 2, 12, 16, 20, 30 What % of the variability in Q is explained b..

  What can be done to trigger this depreciation

Your country is in recession. You feel that a policy of exchange rate depreciation will stimulate aggregate demand and bring the country out of the recession.

  What will be the short-run equilibrium price of street art

Kate is one of 60 price-taking street artist. she and other street artist each produce their artwork with total costs given by SRTC = 3q^2 where q is the armound produced by each artist. the demand for such artwork is given by Q = 600 - 10P.

  What is the economic incidence of the tax

Bottled water has the following demand function Qd = 50 - P/2. Assume that the supply curve for bottled water is given by the function P=50. A specific tax of 10 is imposed on sellers of bottled water. The economic incidence of the tax

  Explain which policy would be better for consumers

Industry X is perfectly competitive and each firm produces output with a technology Q = C ½ L ½, where C is coal and L is labor. The demand for industry X's output is Q = 10,000 - 2P, and the firms in industry X can purchase coal at a cost

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