reliable estimates can be developed from the use of regression analysis or the high–low method (as discussed in Chapter 3).

proportionally with output. Th is assumption follows directly from assumption 1. 3. Total fi xed cost is constant within the relevant range. Th is assumption, in part, indicates that no capacity additions will be made during the period under consideration. 4. Mixed costs can be accurately separated into fi xed and variable elements. Although accuracy of separation can be questioned, reliable estimates can be developed from the use of regression analysis or the high–low method (as discussed in Chapter 3). 5. Sales and production are equal; thus, there is no material fl uctuation in inventory levels. Th is

find the cost of your paper

Explain Mr Hunter’s causes of action in this case against any of the other parties.

Mr Hunter leaves his Certificate of Title in safe custody with his solicitor, Mr Matthews, along with an executed Transfer. The name has been left blank on the transfer. Mr….

What can you expect from an industry in perfect competition in the long run?

What can you expect from an industry in perfect competition in the long run? What will the price be? What quantity will be produced? What will be the relation between….

What is the equilibrium price and quantity?

Entry and exit of firms occur in the long run, but not in the short run. Why? What is meant by the long run and the short run? Would you….