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Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
A decrease in input costs to firms in a market will result in?
a decrease in equilibrium price and an increase in equilibrium quantity
If a firms fixed financial costs decrease the firms operating breakeven point will do what?
decrease <--------WRONG!!!!! The operating breakeven point will remain unchanged.
Firms will employ an input up to the point where?
The input's price equals its marginal revenue product
What is a firms total cost?
variable cost plus fixed cost.
Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
A decrease in input costs to firms in a market will result in?
a decrease in equilibrium price and an increase in equilibrium quantity
How do input cost effect supply?
Input costs are the costs firms must pay in order for them to be able to present a product to a market. These can include land, capital and labour. If the supply is represented by an upward sloping curve on a supply-demand graph, input costs will influence how far to the left or right the entire curve will shift. This means that the cost of inputs will dictate the prices at which firms will be willing to sell different quantities of their product. Should input costs increase, firms will want to supply less of each product at each price, so the entire curve shifts to the left. Should input costs decrease (a decrease in wage rates, for example) then the firm will be able to offer more of each product at each price, and so the entire supply curve will shift to the right.
If a firms enjoys economies of scale?
its average total cost will decrease as production increases question from e2020 test.
If a firms fixed financial costs decrease the firms operating breakeven point will do what?
decrease <--------WRONG!!!!! The operating breakeven point will remain unchanged.
Firms will employ an input up to the point where?
The input's price equals its marginal revenue product
What is a firms total cost?
variable cost plus fixed cost.
What is feedback circuit?
A circuit in which output feeding back to input to increase or decrease the gain is called feedback circuit. Basically part of output feeding to input in such way that it increase the value of input is positive feedback and it also increase gain of circuit and similarly to it when part of output feeding to input in such way that it decrease the value of input is called negative feedback it also decrease the gain of circuit.
What is the feedback circuit?
A circuit in which output feeding back to input to increase or decrease the gain is called feedback circuit. Basically part of output feeding to input in such way that it increase the value of input is positive feedback and it also increase gain of circuit and similarly to it when part of output feeding to input in such way that it decrease the value of input is called negative feedback it also decrease the gain of circuit.
What are the cost reduction measures taken by manufacturing firms?
about cost reduction
If the cost of input rises what will happen to supply?
there is a shift in the supply curve when the cost of input rises.
What input is needed to do the job no machine can ever decrease?
ground water
