Scale. If the firms produces in an industry with very high fixed costs‚ consumers can benefit from a large firm which can exploit economies of scale. Economies of scale lead to lower long run average costs and therefore give the potential of lower prices. Example: Would you want several firms providing tap water? Would it make sense to have 2-3 companies laying a network of water pipes and sewage systems across the country? No. It is better to have 1 firm. This is an example of an industry which
Free Economics
Great Impact of Rising Fuel Price Fuel is another transportation system component. Rising of fuel price is one of the major issues facing the transportation industry in Malaysia. Fuel may be gasoline‚ natural gas‚ diesel fuel‚ ethanol‚ methanol‚ coal‚ etc. The costs and efficiency of transportation fuels are considerable interest. (Joseph Sussman; Introduction to Transportation Systems; Transportation System Components; 2000). Fuel price volatility along with overall price increases has been an issue
Premium Petroleum
The Change in Media consumption Hardware Devices ~(Including high speed internet) – Software and computer companies are always competing to bet each other in sales and popularity which causes each individual company to create and build better and newer models. And with all the current companies available in the market more models of devices are being built on regular basis which increases sales for that period of time so companies would hire researchers to find the cheapest way possible to build
Premium Mobile phone
When marginal revenue in each plant is zero e. When he produces only in the low cost plant 3. If the market price is exactly equal to average cost‚ a. the firm shuts down as there is no profit b. the firm shuts down as the variable costs cannot be covered c. Continues to operate in the short run d. The firm shuts down as it cannot cover its fixed e. The firm shuts down if the price is lower than average variable cost 4. Which of the following would shift a firms short run average cost upward
Premium Costs Economics Marginal cost
10 3 30 50 minutes Very short answer questions 10 1 10 15 minutes 2. Weightage by content Unit No Unit Sub-Units Marks 1 Introduction 4 2 Consumer Equilibrium and Demand 18 3 Producer Behaviour and Supply 18 4 Forms of Market and Price determination 10 6 National income and related aggregates 15 7 Money and Banking 8 8 Determination of Income and employment 12 9 Government Budget and the economy 8 10 Balance of Payment 7 Total 100 3. Difficulty level of the question
Premium Supply and demand Consumer theory
Alcohol Consumption [Abstract] Everyone knows that alcohol has its consequences. At the same time‚ people don’t care and brush off the consequences in order to have a good time. This paper summarizes studies done on the physical‚ cognitive and emotional effects that alcohol has on people‚ before and after consumption. This paper accesses the effects on a person’s body‚ mind and soul. Alcohol affects the way a person thinks‚ acts‚ and feels. Methods include gathering statistical information
Premium Alcoholism Drinking culture Alcohol abuse
Living Yield Curve at SmartMoney.com More SEARCH Search or Quote Sunday March 15‚ 2009 9:44 PM ET HOME INVESTING SPENDING PERSONAL FINANCE TOOLS PORTFOLIO Login | Register | Help | Select FINANCIAL Bonds BIZ | Economy HELPLINE: | ETFs Have | Market a question Update |for Mutual SmartMoney? Funds | Short Email Termask@smartmoney.com Investing | Stocks or call us toll-free at 866-219-0687. SMALL BONDS Published September 29‚ 2000 | A AA MARKETS MY QUOTES MOST ACTIVE Index Price Chg.
Premium Bond Economics
The validity of the Environmental Kuznets Curve hypothesis in relation to developing countries. The proper use of the environment has become a controversial topic in economics. In both of James Beecher’s lectures during the module‚ he outlined a critique of mainstrem economics currently governing all our policies‚ and presented several key thinkers in environmental economics. The huge potential for economic growth through the exploitation of the environment has been undeniable. Vital resources
Premium Economics Economic growth Policy
THE CONCEPT OF CONSUMPTION AND SAVING. Consumption and savings are opposite by nature. The term consumption denotes expenditure and by savings we understand the act of preserving money for the future needs. Most of us are in the habit of meeting the present needs from our income. After that‚ if there remains anything‚ then only savings can be done. But in the long run‚ it is the savings that matters most. CONCEPT OF SAVING The concept of saving is important in the context of economics and
Premium Macroeconomics Economics Investment
Consumption has many categories inside of it. Environment‚ education‚ popular culture all have major aspects that have to do with consumption. However‚ Consumption in the environment has become an issue in the past few years due to deforestation and lack of natural resources. Consumption has created a decline in what people think they need to use due to the standards set out by the others in the country‚ resulting in large numbers of resources diminishing. In order to fix this‚ we need to lower out
Premium Sociology Natural environment Ecology