Shut down point of profit maximizing competitive firm

A profit maximizing competitive firm will shut down within the short run when: (w) prices do not cover average total costs. (x) this loses money on each unit of output. (y) price falls below the minimum of its AVC curve. (z) fixed costs exceed marginal revenues.

Hey friends please give your opinion for the problem of Economics that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Define Yield to Maturity Describe what

Describe what do you mean by the term Yield to Maturity?

Q : Influence of war in prices Assume that

Assume that the War in Iraq start to engulf other Middle-Eastern countries in hostilities. The least probable outcome of gasoline prices therefore increasing to, state, $10 per gallon in the United States, would be that: (i) Hummer sales would fall as a percentage of

Q : Substitute goods in cross-elasticity of

The cross-elasticity of demand among any pair of goods is positive when the goods are: (i) luxuries. (ii) necessities. (iii) complements. (iv) substitutes. Hey friends please give your opinion for the problem of

Q : Capital markets efficiency What is

What is capital markets efficiency?

Q : Problem on Explicit Costs Can someone

Can someone help me in finding out the precise answer from the given options. The explicit costs of the firm would not comprise: (1) Salaries paid to the employees. (2) The value of owner’s effort and time. (3) Electric bills automatically paid as the drafts on

Q : Illegal price collusion Illegal price

Illegal price collusion is probably when the market structure for an industry is: (1) monopolistic competition. (2) a monopoly. (3) an oligopoly. (4) pure competition. (5) contestable through exit and entry.

Q : Income of Development and Distribution

The extent of equality within the income distribution of a country seems to depend most heavily upon the degree of: (w) economic development in the country. (x) progress towards national socialism. (y) central economic planning. (z) fertility of the a

Q : Selling product below cost by predatory

Nintendo Co. of Japan has been accused of discarding its products (as selling below cost) upon the U.S. market that harms U.S. producers. When true, it is an illustration of: (w) excessive international competition. (x) protectionism. (y) aggressive advertising. (z) p

Q : Guidelines for Estimating Times and

Guidelines for Estimating Times and Costs: Determine responsibilities. Use many people to estimate. Base estimates on general conditions. Select time units, and be consistent in their use. Indepen

Q : Relative Prices-Rational consumer I

I have a problem in economics on Relative Prices-Rational consumer. Please help me in the following question. The rational consumer buying decisions based on: (1) Present prices. (2) Absolute prices. (3) Nominal prices. (4) Relative prices.

Discover Q & A

Leading Solution Library

Avail More Than 1456549 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929994
Asked

3,689

Active Tutors

1456549

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment