Demand and Supply Analysis-The Firm II von Edu Pristine

Über den Vortrag

Der Vortrag „Demand and Supply Analysis-The Firm II“ von Edu Pristine ist Bestandteil des Kurses „Archiv - Economics“. Der Vortrag ist dabei in folgende Kapitel unterteilt:

Firm's factor of production
Operating Costs
Cost Curve Relationships
Product Curves and Cost Curves
Breakeven and shutdown points

Dozent des Vortrages Demand and Supply Analysis-The Firm II

Edu Pristine

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, EduPristine is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, Operational Risk Modeling etc. It was founded by industry professionals who have worked in the area of investment banking and private equity in organizations such as Goldman Sachs, Crisil - A Standard & Poors Company, Standard Chartered and Accenture.

EduPristine has conducted corporate training for various leading corporations and colleges like JP Morgan, Bank of America, Ernst & Young, Accenture, HSBC, IIM C, NUS Singapore etc. EduPristine has conducted more than 500,000 man-hours of quality training in finance.
http://www.edupristine.com

alle anzeigen Weniger anzeigen

Kundenrezensionen

(1)
5,0 von 5 Sternen

5 Sterne		5
4 Sterne		0
3 Sterne		0
2 Sterne		0
1 Stern		0

Auszüge aus dem Begleitmaterial

... MaterialsFor economic purpose, we consider two inputs that is capital and labor. This can be made into a function which defines the quantity produced with amount of capital and labor, which is known as the production function where K= capitalL= labor " ...
... labor input " With a given capital an increase in amount of labor employed leads toan increase in total product " The output with only one worker is considered the marginal product of the first unit of labor. " With the addition of a second labor the total product will increase by the marginal product of the second worker as the labor bring efficiency in the ...
... labor " There will be diminishing marginal productivity of lab or at a point where the additional output for each worker star ts declining for a quantity of labor " With the addition of one more worker the total produ ct starts declining, marginal productivity of labor is negative in ...
... Decreasing Marginal Product Negative Production Function ...
... elastic in long run than short run because A. In long run ...
... " A. In the short run factors of production are fixed. For example new plants cannot be built in the short run in response to an increase in the demand of the output. However in the long run factors of ...
... the following is most likely to ...
... Calculate and interpret total, ...
... Variable Costs, TVC Sum of costs that change with the level of output. " Total Costs TFC + TVC " Marginal Cost, MC: MC = ?TC/?Q TC = TFC + TVC Change in total cost required to produce an additional ...
... rises. " MC declines initially, then increases As a result of diminishing return " MC intersects AVC and ATC at their minimum points When MC < ATC, ATC ...
... per unit of labor MP 9 " Marginal leads Average. When MP is falling and MC is rising after L1 it maxmizes AP and minimizes AVC at ...
... day " Refer to the figure below. Consider the isoquant for an output level of 300 units. The firm's amount of capital is fixe d at 100 units in the short run. The user cost of capital is $200 p er day, and the wage ...
... a zero opportunity cost). So to calculate the short run total cost of producing 300 units we need to calculate the total labour cost. This is calculated as follows: 200 workers x $80 per day per worker = $16,000 per day ...
... " Calculate the marginal cost of the product if total costincrease from 15,000 to 15,001.5 when quantity increase from 5000 unit to 5001 unit. ...
... point " A firm will minimize its losses in the short run by continuing to operate when ...
... " We use total cost and total revenue to derive the shutdow n and breakeven point because the average revenue doesn t equal to price A firm is at a breakeven point when: TR=TC A firm continues to operate in short run when: TR>TVC, if the firm is not able to recover the total variable cost the firm should shut down in short run A firm will discontinue operations in long run when: TC>TR ...
... to economic losses " Under perfect competition the relation of shut down p oint and breakeven point can be explained by way of total revenue(TR) and total cost(TC) TC=TR at the quantities of Q 1and Q 2, which ...
... Given with above information should Wordon Corp continue its operations in short run? " Solution: Firm should discontinue it s operation in short run as total revenue isless than the total variable cost. ...