Explain cost of production and economic profit is zero, Microeconomics

+44 141 628 6080
[email protected]

Explain cost of production and economic profit is zero

When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business." True or false? Explain.

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Explain cost of production and economic profit is zero

Reference No:- TGS039975

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Explain the disclosure requirements

Explain the disclosure requirements under the Truth-In-Lending Act. In your discussion, include several examples of disclosures that are required for a fixed-rate mortgage note, as well as an adjustable-rate mortgage note. Also, what should Citade

Q : What would be the value for this property today

There is the expectation that Citadel, LLC should be able to earn a 10% return on an investment like this venture. And, starting from year 6 to year 7 and every year thereafter, the NOI is expected to grow at 3% per year indefinitely. Assuming th

Q : Standard deviation of return on investment

What is the standard deviation of the return on Barbara's investment? (Round intermediate calculations and answer to 5 decimal places, e.g. 0.07680.)

Q : Create a portfolio with an expected return

You have $26,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 11.0 percent. If your goal is to create a portfolio with an expected return of 13.68 percent, ho

Q : Explain cost of production and economic profit is zero

Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business." True or false? Explain.

Q : Contribution margin for community center mental health

Compute the contribution margin for the Community Center Mental Health Program. What does the result tell you about the program?

Q : What will the balance be after 5 years

American National is willing to make a loan for $750,000 on a commercial property at a 9% interest (accrual) rate with payments calculated using a 7% rate and a 30-year loan term. After the first five years, the payments are to be adjusted so that

Q : Calculate the standard deviation for the two stocks

Calculate the standard deviation for the two stocks.

Q : Explain who will bear most of the burden of the tax

The U.S. Treasury, who will bear most of the burden of the tax: Insulin producers, people with diabetes, or can't you tell with the information given?

1948008

Questions
Asked

3,689

Active Tutors

1453137

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Explain cost of production and economic profit is zero

Reference No:- TGS039975

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Explain the disclosure requirements

Q : What would be the value for this property today

Q : Standard deviation of return on investment

Q : Create a portfolio with an expected return

Q : Explain cost of production and economic profit is zero

Q : Contribution margin for community center mental health

Q : What will the balance be after 5 years

Q : Calculate the standard deviation for the two stocks

Q : Explain who will bear most of the burden of the tax

How is it rational for the owner of a factory or plantation

How code of suburbs differs from the code of street

Review the real-life cat and mouse chase

How does the pyramid change

Discussion about cultural appropriation

How sociological models help understand mental illness

Identify problems and concerns that contributed

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Explain cost of production and economic profit is zero

Reference No:- TGS039975

Recent Questions Asked Microeconomics

Q : Explain the disclosure requirements

Q : What would be the value for this property today

Q : Standard deviation of return on investment

Q : Create a portfolio with an expected return

Q : Explain cost of production and economic profit is zero

Q : Contribution margin for community center mental health

Q : What will the balance be after 5 years

Q : Calculate the standard deviation for the two stocks

Q : Explain who will bear most of the burden of the tax

Asked Questions