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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...

GDP Growth Slows in US and Canada

*Note: Data compiled from RAND California unless otherwise indicated. The US Department of Commerce released  Quarter 1 2012 GDP data and the American economy saw an expansion of 2.2%. Expectations pegged growth closer to 3% so 2.2% was in fact under estimates...

Canadian Market Volatility Explained

Not long ago a bank teller and I got into a conversation about hair. She asked me: What can I do to have nice hair? Mine is falling out and it’s thin. I told her make sure to eat enough protein and vitamins, giving her examples of some foods she could eat. Then she...
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