Short-run shutdown price, The short-run shutdown price arises where price: (w) equals

Short-run shutdown price

The short-run shutdown price arises where price: (w) equals AFC at the minimum. (x) is below ATC and above AVC. (y) equals AVC at its minimum point. (z) is above MR.

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

View Complete Question

Related Questions in Microeconomics

Q : Competitive Profit Maximization-average

The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve

Q : Determine price and quantity when

When the demand and supply for a good both raise, price: (w) and quantity both rise. (x) and quantity both fall. (y) falls but quantity increases. (z) changes need more information, when quantity rises.

Q : Advantage of Law of Equal Marginal in

Assume that the last week your food budget yielded 5 utils from your previous $4 burrito; and 4 utils from your previous $5 hot fudge sundae. Purchasing one: (i) More burrito and one less sundae this week would reduce total utility. (ii) More sundaes and one less burr

Q : Monopolist maximizes profit When a

When a monopolist maximizes the profit in the product market, it will: (i) Hire labor till the marginal revenue product equivalents the marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents the marginal resource cost. (iii) Pay a w

Q : Problem on Horizontal Integration I

I have a problem in economics on Horizontal Integration. Please help me in the following question. McDonalds makes hamburgers at a number of various locations. This is an illustration of a: (i) Horizontally integrated firm. (ii) Monopoly. (iii) Vertic

Q : Quantity of good supplied-Law of supply

The law of supply states that the amount of a good supplied is: (i) Legally governed by the production regulations. (ii) Inversely related to its absolute price. (iii) Recognized by the consumer tastes in the free market economy. (iv) Positively relat

Q : Who made decisions Economists suppose

Economists suppose that nearly all decisions are made by: (i) At the margin. (ii) On the average. (iii) Based on totals. (iv) All of the above. Please someone suggest me the right answer.

Q : Natural barrier to entry in monopolizes

The Diamante Corporation is vast and owns the world’s merely red diamond mine. Thus diamante monopolizes the market for red diamonds, and this is protected by competition by a: (1) regulatory barrier to entry. (2) strategic barrier to entry. (3) natural barrier

Q : Buying and selling cost in monetary

Additionally to monetary prices, there the costs of buying and selling comprise: (w) wage payments. (x) monopoly profits. (y) transaction costs. (z) social benefits. How can I solve my economics pr

Q : Victimization of Adverse Selection When

When an heiress’s fiance plans to murder her soon subsequent to the wedding in order to inherit her estate, she has actually been victimized by: (1) Moral hazard. (2) Adverse selection. (3) Cognitive dissonance. (4) Irrational ignorance.

Discover Q & A

Leading Solution Library

Avail More Than 1423570 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943913
Asked

3,689

Active Tutors

1423570

Questions
Answered

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

Submit Assignment