Consider a firm with U-shaped MC, AVC, and ATC curves. The firm will never produce at the downward part of the MC curve. Is this statement true or false? Explain. True or False a) The marginal product curve intersects the average product curve at the latter ...
Can indifference curves cross? Explain. What is a Lorenz curve? Draw one and label the axes. Using a Lorenz curve diagram, explain how to calculate the Gini coefficient with a specific example. What is LM curve? On one single diagram, draw the AVC, ATC, and MC cu...
领先的减少 ATC 时 MC < ATC 上与之相反,, 它将导致 ATC 的增加。使短期 ATC 曲线看起来,像 U 形的另一边,递减规律返回将导致作为输出增加生产的边际成本的上升。当 AVC 高于一次在亚足联秋天增加输出增加,边际成本上升将导致的平均总成本上升 翻译结果4复制译文编辑译文朗读译文返回顶部 图是关于短期费用曲线...
Draw average total cost, average variable cost, and marginal cost curves in a single diagram. Also explain the relationship between ATC and AVC. ORExplain the relation between i ATC and AVC and ii MC and AVC.
Under conditions of perfect competition, profits exist whenever AR is above AVC at equilibrium output. (a) True (b) False. True, False, or Uncertain: (Explain) The short-run supply curve of a competitive firm is its MC curve. The two supply curves represented by P =...
If P = $25, AVC = $35, and ATC = $50, in a perfectly competitive market, what should the firm do?Shutdown RuleThe shutdown rule in economics is a guidance to firms. The rule is if the revenue from operating does not exceed the variable cost in the short ...
The ATC curve intersects the MC curve at the minimum point of the MC curve. True False Long-run Average Total Cost curves are "U" shaped because of Diminishing Marginal Returns. True or False? Consider a firm with U-shaped MC, AVC, and ATC curves. The firm ...
P = ATC b. P is greater than AVC c. P = MC d. P is greater than ATC Under perfect competition, in long-run equilibrium, P = MC = ATC. How can I understand equilibrium of the firm in the short run and long ...
P is greater than MC. P is less than ATC. In the short run, a perfectly competitive firm will always make an abnormal profit if: a. P = ATC b. P is greater than AVC c. P = MC d. P is greater than ATC Firms h...
In the long run, how do price and output compare for a perfectly competitive firm and a firm with the same cost curves in a monopolistically competitive environment?In which of the following situations will a perfectly...