Krishna

[Krishna @Krishna30356121]

@sree @teacherscsmith This shows the ideal "the shut down rule". This compnay price fell below the average variable cost. So the company wanted to minimize it's losses and shut down.

[Krishna @Krishna30356121]

@nerdist @teacherscsmith this shows idea "shut down rule" The price fell below the AVC. Since their sales and everything went down they minimized their losses by shutting down

[Krishna @Krishna30356121]

@kaylaeeccles @teacherscsmith This shows the idea of "diminishing marginal utility" People kept doing the Dab so much it started to give less and less satisfaction for each time a person did it.

[Krishna @Krishna30356121]

@MagiKoopa24 @ThatMarcStone @teacherscsmith this shows a shifter of demand "nukber of sellers". There are many companies producing the same thin therefor causing demand curve to shift to the right.

[Krishna @Krishna30356121]

@ArnavVe80476165 @teacherscsmith this shows That gasoline is a "inelastic demand". even thought the price of it increases day by day the demand will fall just a little. Because there are very few substitutes for this particular item.

[Krishna @Krishna30356121]

@VincentTrigili @clifgriffin @teacherscsmith This show the "substitution effect" The price of iphones kept going higher and higher, people started to buy less of that product and more of android.

[Krishna @Krishna30356121]

@geekyranjit @teacherscsmith @teacherscsmith this new device led to a change in the shift of the demand curve to the right by the ideal "Taste and preferences". The people would rather have a better built device than the older version of a device which causes a change in the preferences of the people.

[Krishna @Krishna30356121]

@geekyranjit @teacherscsmith this new device shows a change in demand curve because of "change in technology". As the apple company improved many features from the previous gen phone to this phone more people started to demand a lot more of this device.

[Krishna @Krishna30356121]

@elkmovie @teacherscsmith this is presenting the idea of "normal profit". In an efficient market, firms that have identical products will make a normal profit ot the same amount.

[Krishna @Krishna30356121]

@pearcington @Apple @teacherscsmith this show the idea of "the law of demand". People will buy less of a good when the price is too high and will buy more when the price is lower.

[Krishna @Krishna30356121]

@JovieAlexandra @teacherscsmith This tweet show the effect of the idea "the law of diminishing marginal utility". After people used them every day their satisfaction gre lower and lower for every time they spun the spinner.