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A firm operates in three markets: Nur-Sultan, Karaganda, and Almaty. Each market can be described by the demand equations: q9 = 200,000 2.5P q5 =
A firm operates in three markets: Nur-Sultan, Karaganda, and Almaty. Each market can be described by the demand equations: q9 = 200,000 2.5P q5 = 200,000 5P - g 200, 000-7.5P The firm has the following cost structure: Total Cost: TC(q) = 11000 + 900q + 300q? Marginal Cost: MC(q) = 900 + 600q. Suppose that there are 4800 identical firms in the market. As usual, in all your calculations and answers, use a precision of 4 decimals. What is the firm's shutdown price? What is the firm's shutdown price? What is the market equilibrium price? What is the market equilibrium quantity? Will firms enter or exit the market? What is the long-run equilibrium market price? What is the long-run equilibrium market quantity? How many firms are there in the long-run? Round your answer to the nearest larger whole number. A firm operates in three markets: Nur-Sultan, Karaganda, and Almaty. Each market can be described by the demand equations: q9 = 200,000 2.5P q5 = 200,000 5P - g 200, 000-7.5P The firm has the following cost structure: Total Cost: TC(q) = 11000 + 900q + 300q? Marginal Cost: MC(q) = 900 + 600q. Suppose that there are 4800 identical firms in the market. As usual, in all your calculations and answers, use a precision of 4 decimals. What is the firm's shutdown price? What is the firm's shutdown price? What is the market equilibrium price? What is the market equilibrium quantity? Will firms enter or exit the market? What is the long-run equilibrium market price? What is the long-run equilibrium market quantity? How many firms are there in the long-run? Round your answer to the nearest larger whole number
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