Microeconomics Week 9 Part 4
Автор: Firdaus Manalu
Загружено: 2026-01-04
Просмотров: 0
Описание:
In the short run, a perfectly competitive firm can make money or lose money depending on where the Market Price sits relative to their Average Total Cost (ATC). We analyze two scenarios: Economic Profit (during Eid when price is above ATC) and Economic Loss (during rainy Tuesdays when price is below ATC).
We also discuss the Shut-Down Rule. If a business is losing money, should it close? The answer lies in Variable Costs (AVC). If the price is higher than AVC, you should keep operating to cover staff and electricity, losing less than if you closed. If price falls below AVC, you must shut down immediately to stop the bleeding.
📌 Key Learning Objectives:
Short-Run Scenarios: Super-normal profit vs. Economic loss.
Visualizing Profit/Loss: The gap between Price and ATC.
The Shut-Down Rule: Using AVC to make operational decisions.
Seasonal Strategy: When to open and when to close.
#Microeconomics #BreakEvenAnalysis #ShutDownRule #BusinessFinance #ShortRunEconomics
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