FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D Question 1 1 pts Assume a perfectly competitive firm with a cost function given by c(q) = 0.5q2 + 4q + 162. There are

image text in transcribed
D Question 1 1 pts Assume a perfectly competitive firm with a cost function given by c(q) = 0.5q2 + 4q + 162. There are 40 identical firms like the one above in this perfectly competitive market. Denote the quantity supplied on the market by Q5. What is the market supply curve Q5(p)? O Q (p) = 40p - 160. O Q (p) = p - 4. O Q (p) = 10 + 2p O Q5(p) = 160 - 2p

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Political Economy

International Political Economy

Authors: Thomas Oatley

6th Edition

1138490741, 9781138490741

More Books

Students also viewed these Economics questions

Question

★★★★★
Agnes Pockels (1862-1935) was able to determine Avogadro's number using only a few household chemicals, in particular oleic acid, whose formula is C18H34O2. (a) What is the molar mass of this acid?...

Answered: 1 week ago

Question

★★★★★
8. identify guidelines for building team cohesion.

Answered: 1 week ago

Question

★★★★★
Under what conditions would using ???? = 0.01 be preferable to using ???? = 0.05 as the significance level of a hypothesis test?

Answered: 1 week ago

Question

★★★★★
Present Value and Future Value The following situations involve time value of money calculations: 1. A deposit of $7,000 is made on January 1, 2010. The deposit will earn interest at a rate of 8%....

Answered: 1 week ago

Question

★★★★★
Petras Company engaged in the following transactions during 2012, its first year in operations: ( Assume all transactions are cash transactions ) 1) Acquired $1,300 cash from the issue of common...

Answered: 1 week ago

Question

★★★★★
Let X and Y beindependent uniform random variables over(0, 1).Find the formulaof thePDFof Z=X +Y.

Answered: 1 week ago

Question

★★★★★
Research another country's elder care system and address beliefs, spiritual issues, and cultural issues that are also factors in the delivery and provision of health care to this population.

Answered: 1 week ago

Question

★★★★★
A Drive - In Restaurant is considering a new marketing idea. At this restaurant, diners have the choice of dining inside or staying in their cars to eat. To serve those dining in their cars, carhops...

Answered: 1 week ago

Question

★★★★★
Q1 Porter? Mintzberg? Synthesis? Analysis? Managing employee behavior so stratgegy can be successfully implemented?

Answered: 1 week ago

Question

★★★★★
Explain how risk financing as the final step in the process of risk management affects the activities prioritized by the divisional risk champions ( 2 0 ) marks

Answered: 1 week ago

Question

★★★★★
What missteps do you think Volkswagen s management team made in handling the scandal when the cheating was discovered?

Answered: 1 week ago

Question

★★★★★
The temporal rule: The closer temporal proximity we have to an event or action, the more probable it is that the distortion of information is less than if the event or action happened longer ago.

Answered: 1 week ago

Question

★★★★★
The relevance of the information to the interpreter

Answered: 1 week ago

Question

★★★★★
The first-hand information rule: If an event is communicated to us by someone who witnessed an event at first-hand, we will have more confidence in the information than if we were told about it by...

Answered: 1 week ago

Previous Question Next Question