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An imperfectly competitive firm has the following demand curve: Q=100-2P. What is marginal revenue (MR)? Notes: Answer with an equation like MR=xxxxx. Use Q for
An imperfectly competitive firm has the following demand curve: Q=100-2P. What is marginal revenue (MR)? Notes: Answer with an equation like MR=xxxxx. Use Q for output, and don't use space between numbers and signs. An imperfectly competitive firm has the following total cost curve: C=48+2Q. What is marginal cost? Notes: Answer with Arabic number only without unit. For the above imperfectly competitive firm, what is an equation for average cost (AC)? Notes: Answer with an equation like AC=xxxxx. Use Q for output, and don't use space between numbers and signs. Use fraction and write it like 10/Q. For the above firm imperfectly competitive firm, what is fixed cost? Notes: Answer with Arabic number only without unit. Assuming the demand curve and the total cost curve are given as above, what is the output (Q) an imperfectly competitive firm sells to maximize its profits? Notes: Answer with Arabic number only without unit.Assuming the demand curve and the total cost curve are given as above, what is the price (P) an imperfectly competitive firm charges to maximize its profits? Notes: Answer with Arabic number only without unit. What is the total profits equal to in the above short-run equilibrium? Notes: Answer with Arabic number only without unit. Now consider long-run equilibrium for the above specified firm in a monopolistic competitive market. In the long run equilibrium, firms will the market. Write a verb. In the long run equilibrium, firms in the market will their output. Write a verb. What is the total profits equal to in the long-run equilibrium for each firm in symmetric equilibrium? Notes: answer with Arabic number only without unit
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