Demand and Supply Analysis-The Firm III
Über den Vortrag
Der Vortrag „Demand and Supply Analysis-The Firm III“ von Edu Pristine ist Bestandteil des Kurses „Archiv - Economics“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- Economies of scale and diseconomies of scale
- Profit-maximizing level of output
Dozent des Vortrages Demand and Supply Analysis-The Firm III
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.
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Auszüge aus dem Begleitmaterial
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... scale and diseconomies of scale affect costs ...
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... by one unit, costs increase by less than one unit " Diseconomies of Scale: Quantity produced increases by one unit, costs increase by ...
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... " Firms having economies of scale will plan for expansions " Diseconomies of scale can result from factors like labor unions, low competition and obstacle to innovation " Firms facing diseconomies of scale will reduce their outpu t and try to achieve minimum efficient scale or constant retu ...
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... total cost Minimum efficient scale 4Downward slopping LRATC occurs due to economies of scale. Which eventually become upward slopping as diseconomies of scale comes into play. When average total cost of production is at a minimum, ...
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... run average total cost decreases by 5% ifoutput is increased by ...
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... profit is unchanged at 140. " From the 7 th quantity onwards marginal cost exceeds marginal revenue and the firm faces losses as the total cost of production greater than the total revenue " A firm can analyze the quantity to be produced where th e profit can be maximized by comparing marginal cost to marginal revenue or total cost to total revenue " A firm should increase its output until its marginal cost is less than the marginal revenue and will maximize ...
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... economic profit equals to area A. " At P 2the reduced price, the output is to Q 2,where P=AR=ATC and the economic profit is zero A firm that is operating at MR=MC, but selling below the average variable cost, a shut option is ...
