Solved: Explain the decision by price takers to continue to operate, Microeconomics

+44 141 628 6080
[email protected]

Explain the decision by price takers to continue to operate

Problem

Explain the decision by price takers to continue to operate, temporarily shut down, or go out of business, when faced with price below average total cost.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Solution Preview :

Prepared by a verified Expert

Microeconomics: Explain the decision by price takers to continue to operate

Reference No:- TGS02085576

Now Priced at $15 (50% Discount)

Recommended (94%)

Rated (4.6/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Identify opportunity costs fixed costs and variable costs

identify opportunity costs, fixed costs, variable costs, marginal costs, average costs and sunk costs and differentiate between economic costs and accounting

Q : Describe the shapes of the short-run marginal cost

Describe the shapes of the short-run marginal cost, average variable cost, average fixed cost, and average total cost curves.

Q : Discuss the economies and diseconomies of scale

Define economies and diseconomies of scale, explain how each is possible, and relate each to shapes of long-run average total cost curves.

Q : Discuss the conditions that characterize pure competition

Discuss the conditions that characterize pure competition and explain how and why price takers maximize profits at quantity for which marginal cost and price.

Q : Explain the decision by price takers to continue to operate

Explain the decision by price takers to continue to operate, temporarily shut down, or go out of business, when faced with price below average total cost.

Q : How should the expansion be financed

How should the expansion be financed so as to produce the desired debt ratio?

Q : Contrast the role of constant-cost and increasing-cost

Contrast the role of constant-cost, increasing-cost, and decreasing-cost industries in determining the shape of a long-run market supply curve.

Q : Explain the impact of time on elasticity of market supply

Explain the impact of time on the elasticity of market supply and discuss the role of profits and losses in a purely competitive market.

Q : Compute the returns for each of the final four years

Compute the returns for each of the final four years, the holding period return, and the annualized return.

1954759

Questions
Asked

3,689

Active Tutors

1426702

Questions
Answered

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

ask Question

Asked Questions

What is a behavioral indicator related to family

Which of the following is a behavioral indicator related to Family? A) Developing school readiness and transition strategies B) Developing collaborative

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Identify one antecedent, one behaviour, and one consequence

Sahir is the most active student in your kindergarten class. He tends to be very disruptive when the teacher you work with is teaching the class,

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Discuss social worker working with foster children

You are a social worker working with foster children. You are making a home visit to Katie, age nine, and her foster family.

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question