Question

why
is the price consumption curve typically U shaped?

Answer #1

Why marginal cost is u-shaped curve?

If the marginal cost curve is U-shaped, it is possible that the
curve will intersect the demand line at two output levels. Which is
the profit maximizing output? Explain why?

Using graphs, show why a firm's short-run average cost curve is
U shaped (This involves at least two graphs)

3.Explain fully why the short-run ATC curve is U-shaped, that
is, falls then increases as more output is produced in the short
run.
Use the personal opinion to answer，thanks.

Short Run Cost
1)Why is the ATC U-Shaped?
b)Why is marginal curve upward sloping in the short run ?
c)Where and why does the MC curve cross the ATC curve?
d)Given values for ATC and AVC,how would you determine Fixed
cost (what are the steps necessary to get from the first twoto the
last one )?
e)Given ATC,how would you determine total cost?
f)Graphically show and verbaly explain what the general pattern
of and relationship between fixed cost,variable cost and...

8. If the price consumption curve (as the price of x changes) is
horizontal, then good y must be a normal good. a. True b. False
9. If the income consumption curve is upward sloping, then the
price consumption curve (as the price of x changes) must be upward
sloping too. a. True b. False
10. If the income consumption curve is a horizontal line, then
cross-price elasticity of demand for good y with respect to the
price of good...

4.Why is the long‐run ATC also U‐shaped? Explain fully.
Use the personal opinion to answer，thanks.

Consider a linear model to explain monthly beer consumption:
E(u | income, price, education)=0,
Var(u | income, price, education)=
.
Can we use the regression results above to make inference on
coefficients? Explain.

in a U-tube barometer, mercury (or some other fluid) is placed
in a U shaped tube. The air is vacuumed out of one end, which is
then sealed. Atmospheric pressure pushes down on the other end,
resulting in the two surface levels being at different heights. If
we made a U-tube barometer using olive oil as our fluid, how tall
would we need to make it to be able to measure standard atmospheric
pressure? Based on this answer, why do...

1.) In tracing out a price consumption curve for a good x, which
of the following variables are held constant? Select all that
apply
a.) consumer income
b.) consumption of y.
c.) the price of good x
d.) utility
e.) the price of good y
2.) The demand curve maps out
a.) the optimal quantities of x and y change as income changes,
ceteris paribus.
b.) the optimal quantity of one good and the price of that good,
ceteris paribus....

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