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BoC to Leave Interest Rate at 1%

The Bank of Canada monetary policy report released suggests no end for the bottom basement dwelling interest rates this year. The key lending rate will remain at 1% in next month’s announcement. There was, however, some indication that BoC will move next year to...

Social dilemmas in Behavior Economics

Social dilemmas are simple situations between a pair of people, to a group of people, that involve making decisions that will ultimately affect their well being and the well-being of the overall group. The ‘players’ in the social dilemma have the choice to...

How Producers act in the Long Run

Producers have Long Run Costs Recall that: > In the short run some costs are fixed. > In the long run fixed costs become variable. > Consequently, a firm’s long-run cost curves differ from its short-run cost curves. Long-Run Cost Minimization Given that...

Microeconomics: Profit Maximizing Output

Looking for introductory information about profit maximizing output for producers (firms)? Look no further than DiscussEconomics’ microeconomics article section for the latest information on the economy. Let’s begin by asking: How do we know if we have...
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