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An imperfectly competitive rm has the following demand curve: Q21002P. What is marginal revenue (MR)? Notes: Answer with an equation like MRzmxx. Use 0 for
An imperfectly competitive rm has the following demand curve: Q21002P. What is marginal revenue (MR)? Notes: Answer with an equation like MRzmxx. Use 0 for output, and don't use space between numbers and signs. An imperfectly competitive rm 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 rm, what is an equation for average cost {AC}? Notes: Answer with an equation like AC=rorxxx. Use Q for output, and don't use space between numbers and signs. Use fraction and write it like 10A). For the above rm imperfectly competitive rm, what is xed 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 (Cr) an imperfectly competitive rm sells to maximize its prots? 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 rm charges to maximize its prots? : Notes: Answer with Arabic number only without unit. What is the total prots equal to in the above shortrun equilibrium? Notes: Answer with Arabic number only without unit. Now consider longrun equilibrium forthe above specied rm in a monopolistic competitive market. In the long mn equilibrium, rms will :I the market. Write a verb. In the long mm equilibrium, rms in the market will their output. Write a verb. What is the total prots equal to in the longmn equilibrium for each rm in symmetn'c equilibrium? : Notes: answer with Arabic number onlyr without unit
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