Why does the short-run marginal cost curve fall and then rise? Why is a monopolist not maximizing profit (and should decrease output level) when P=MC? Why is the average revenue the same as the demand curve in a monopoly? Why is marginal revenue product value significan...
The average variable cost curve and the average total cost curve get closer to each other as output increases. What explains this? What are the average variable cost and average total cost curves for a typical firm? (Include the MC curve.) a. Which curve r...
Fixed Assets (I)FA–Total of tangible and intangible assets Average Cost of Labour (I)ACL–Staff expenses divided by the number of employees Outputs Loans (O)L–Total of loans & advances to customers Earning Assets (O)EA–Total of loans & advances to customers and other interest earning ass...
H2. On average, there were statistically significant differences in the efficiency of firms' WCM over the study period. ICE and Firm Performance Effective management of IC has been motivated by its influence on a firm’s performance and competitiveness (Bayraktaroglu et al., 2019). Gupta et al...
To be specific, we define capacity utilization as the ratio of the actual output to the capacity output of firms, with the latter being represented by the output with the minimum short-term average total cost. Suppose that capital input is quasi-fixed input, and the Cobb-Douglas production ...
Why does the fixed cost decrease when the variable cost is increasing? Why does a price increase cause a substitution effect? Why doesn't the long-run aggregate supply curve have the price increases that are supposed to come with economic growth? Why does the average cost decrease as the qua...
If the factory currently produces less than 100,000 cups per day, the marginal cost for each additional cup is only $1. Fixed costs, such as machinery and facilities, are not included. However, if the factory is already working at full capacity, the marginal cost of producing more cups ma...
including a nation'smonetary policy. This happens through the adjustment of interest rates. Interest rates are the cost of money: They are the preferred tool for central banks to expand or decrease themoney supply.
Bitcoin trading can become expensive. Transaction fees average less than $1, with occasional spikes of up to $100 or more.4 For ESG-conscious investors, mining is a concern because miners are essentially converting energy into a virtual investment only the wealthy can afford. ...
basis increase. A primary concern is it must be in place at the time a property is sold. A capital improvement must also become part of the property, or be affixed so permanently to the property that its removal would cause significant damage or decrease in the value of the property ...