What are the differences between short run and long run total average costs? Let’s say we decided to open an automotive factory.Our next decision is where to open the factory. When pondering the cost-benefit relationship, we are thinking about three different...
Why is the Marginal Revenue Curve for a Monopoly Is Below the Demand Curve? When studying different market structures like perfect competitive markets or monopolies, we need to first start by understanding how they relate to the consumer. A perfectly competitive firm...
What are the costs of production? In Microeconomics, there are 4 types of costs: 1. fixed costs 2. variable costs 3. total cost 4. average costs 5. marginal costs Fixed Costs Fixed costs are the same if you are open for business or not: rent, food, utility bills....
What is the Marginal Revenue Product of Labor? In Economics we study the impact, positive or negative, of employing one more unit of something so we can make better decisions. To illustrate this concept lets look at an example. XYZ Company hires its workers in a...
What Is A Market Failure? In Economics, market failure is a situation in which the allocation of goods and services by a free market is not efficient, leading to a net loss of economic value. There are 6 market failures: 1. Creation of Externalities An externality is...
Track-Record: Working as a consultant since 2004 Sold first company in 2015 Joined the insurance sector in 2017
Current Focus and 2022 Objectives: Candidate to the MDRT €2.0M in Life Insurance Applications 104 Golden Visa Applications 208 SIFIDE II - Tax Applications €100M in Industrial/Commercial Real Estate Transactions
