
Economics Economics Forum  Financial Mathematics, Econometrics, Operations Research, Mathematical Finance, Computational Finance 
 LinkBack  Thread Tools  Display Modes 
April 21st, 2017, 09:17 AM  #1 
Member Joined: Mar 2017 From: Israel Posts: 52 Thanks: 2  About unit costs and quantity of products
Hello Is there an incomplete number of quantity of products and of unit costs in equilibrium? I study microeconomics (if it's necessary). Thanks! 
April 25th, 2017, 02:03 PM  #2 
Senior Member Joined: May 2016 From: USA Posts: 993 Thanks: 407 
I do not understand the question. In microeconomic STATIC analysis, it is usually assumed that an equilibrium exists. (There is a proof that a general equilibrium exists within certain models, but the assumptions needed to support that proof are clearly contrary to the actual world (although economists will kick and scream denying that fact)). It is however easy to show empirically a high degree of stability in economic life, suggesting that use of static equilibrium models is frequently (though not always) justified. Moreover, many sets of assumptions will show that either there is a unique equilibrium or at least a unique attractive equilibrium. Any point of equilibrium determines a definite unit price and a definite quantity. I have not a clue whether that answers your question or not. EDIT: It is possible to imagine circumstances when equilibrium can be achieved within a range of prices and quantities. Last edited by JeffM1; April 25th, 2017 at 02:06 PM. 

Tags 
costs, products, quantity, unit 
Thread Tools  
Display Modes  

Similar Threads  
Thread  Thread Starter  Forum  Replies  Last Post 
Rate of Change for Banquet Hall Costs  ineedmathhelp1234  Algebra  1  March 16th, 2015 10:46 AM 
Scalar Products, Derivatives and Unit Vectors  Ben Hunto  Physics  2  March 5th, 2015 03:10 AM 
Advertising Costs  mathkid  Calculus  3  October 11th, 2012 02:40 PM 
If you raise prices 1%, increase sales 1% and cut costs 1%,  ronb  Economics  1  September 7th, 2011 01:18 PM 
Unit Interval vs. Unit Square Cardinality Question  miss_direction  Real Analysis  2  May 13th, 2011 08:36 PM 