Question: Hello. need help with this questions. What is the difference between a firm's shutdown point in the short run and in the long run? Why

Hello. need help with this questions.

What is the difference between a firm's shutdown point in the short run and in the long run? Why are firms willing to accept losses in the short run but not in the long run?

Discuss the shape of the long-run supply curve in a perfectly competitive market. Suppose that a perfectly competitive market is initially at long-run equilibrium and then there is a permanent decrease in the demand for the product. Draw a graph showing how the market adjusts in the long run.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

#urgent help on assignment in Economics of Business Decisions(screenshot of questions also attached below) Q1.Consider a competitive firm operating in the short run. Draw the standard graph of MC,...

Hello! Need help with micro questions. Please list the letter that best answers the question and give a brief explanation as to why you pick that answer. Explanations can include mathematics, fully...

Part 1: Multiple Choice Questions (20 Points) Question 1 (1 point) Calculate the economic profit assuming that: price = $15 average total cost = $9 number of units = 10 () $45 .;::. $6 per unit () %6...

This are the questions it okay Suppose low skilled labor and capital are substitutes but high skilled labor and capital are complements. Over the past few decades, the technology boom has greatly...

Part 1. 1). The market demand function for a good is given by Q = D(p) = 800 ? 50p. For each firm that produces the good the total cost function is TC(Q) = 4Q+( Q2/2) . Recall that this means that...

Homework Assignment 5 (Chapter... i Saved Help Save & Exit Submi Consider a profit-maximizing firm in a competitive industry. Under which of the following situations would the firm choose to produce...

Can you please help me with this assignment? Can you please use simple terms when explaining? Thank you! Perfect Competition Use the graph to questions 1-6. Show any work. MC ATC AVC $5.00 8 d...

please help me answer the following questions Assume the following unit-cost data are for a purely competitive producer. For numbers 1-6 Output AFC (S) AVC ($) ATC ($) MC ($) 0 60 45 105 45 30 42.5...

Could you please assist me with this? Thank you! Use the graph below to answer questions 10-12. TC /TR $ Quantity 10. Highlight the areas of loss for the firm. 11. What is the significance of Point A...

Define the terms alpha and beta in the context of an investment portfolio.

Shelby Corporation purchases 90% of the outstanding stock of Borner Company on January 1, 2011, for $603,000 cash. At that time, Borner Company has the following stockholders equity balances: common...

Preganding the dieect and indirect methods of preparing the statement of cash flows, which of the following statements is true? A . The drect and indirect mehods include diflerent lypes of cash fores...

How should the companys supervisors behave differently to get their subordinates to experience less stress on the job, or at least, get them to react less negatively? Answer this question in 300...

2. To store it and

3. Give three examples from your own everyday life where a piece of communi-cation is structured into a linear sequence, i.e. B is the cause of A.

2. What information is conveyed through a particular type of metaphor? The answer to the question gives us insight into what code the person using the metaphor uses, and thus an insight into how...