Blog
Iron ore prices and the shutdown point
Ben Cahill
14th April 2015
Geoff Riley's recent post on the impact of falling iron ore prices on the Australian economy detailed some of the macroeconomic effects (falling GDP and exchange rate, rising unemployment) and now we have an excellent example of a microeconomic concept in action - the shutdown point.
You might also like
Shut Down Price (Short Run)
Study Notes
Falling oil prices and the energy industry
19th May 2015
Shut Down Point in Action: Jamie Oliver Closes 6 Restaurants
6th January 2017
Perfect Competition - The Shut Down Price
Study Notes
One in Five UK Night Clubs have closed since 2020
2nd August 2022
Theory of the Firm - Egg farmers get squeezed by higher costs
8th November 2022
Berrynomics: The Juicy Crisis in British Agriculture
23rd July 2024
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails