Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

If a representative firm with long-run total cost given by TC = 50 + 2 q + 2 q 2 operates in a competitive industry

If a representative firm with long-run total cost given byTC= 50 + 2q+ 2q²operates in a competitive industry where the market demand is given byQ_D= 1,410 - 40P, in the long-run equilibrium there will be?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Price Theory and Applications

Authors: Steven Landsburg

9th edition

1285423526, 978-1285947877, 1285947878, 978-1285423524

More Books

Students also viewed these Economics questions

Question

★★★★★

Give an example of a group decision made in an organization you work for or have worked for. Identify the advantages and disadvantages encountered by the group.

Answered: 1 week ago

Question

★★★★★

Easley-O?Hara Office Equipment sells furniture and technology solutions to consumers and to businesses. Most consumers pay for their purchases with credit cards and business customers make purchases...

Answered: 1 week ago

Question

★★★★★

How many degrees of freedom does ????e have?

Answered: 1 week ago

Question

★★★★★

Jerome is an elderly man who lives with his nephew, Philip. Jerome is totally dependent on Philips support. Philip tells Jerome that unless Jerome transfers a tract of land he owns to Philip for a...

Answered: 1 week ago

Question

★★★★★

The following totals for the month of June were taken from the payroll register of Parks Company. The journal entry to record the monthly payroll on June 30 would include a credit to Salaries and...

Answered: 1 week ago

Question

★★★★★

P 20-1 Change in inventory costing methods; comparative income statements LO20-2 The Cecil-Booker Vending Company changed its method of valuing inventory from the average cost method to the FIFO cost...

Answered: 1 week ago

Question

★★★★★

18. Label the graph below using the measurements of central tendency (mean, median and mode). Arrival after the scheduled class hour Histogram Count 45 40 35 30- 25 20 15 10- 5 10 8 10 Minute_late...

Answered: 1 week ago

Question

★★★★★

Q1: Outline different ways in which the restaurant can create value. Q2: Attempt to apply SWOT, VCA, and RBV to yourself and your career aspirations (lecturer). What are your major strengths and...

Answered: 1 week ago

Question

★★★★★

Use the figure on p. 21 to find the a) annual base premium, and b) annual premium. All po $50 deductible for both comprehensive and collision. 4. Jill Wilson uses her vehicle primarily for pleasure....

Answered: 1 week ago

Question

★★★★★

At the bottom of tests.py, below the test procedures, you should add the script code. Add the comment Script Code followed by calls to the two test procedures. Make sure to call test matching parens...

Answered: 1 week ago

Question

★★★★★

Sorbet servings: each serving equals one SKU; each SKU weighs 1 2 5 gram; SKU s are packaged in boxes of 4 ; one standard ( Australian ) pallet takes 1 2 5 boxes. The box size is 2 0 0 mm x 2 0 0 mm...

Answered: 1 week ago

Question

★★★★★

A bargaining unit (or an appropriate bargaining unit) is ________. RESPUESTA Sin seleccionar is an individual member of a labor union that is on strike who chooses not to strike and remains working...

Answered: 1 week ago

Question

★★★★★

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

★★★★★

3. How much information do we need to collect?

Answered: 1 week ago

Question

★★★★★

2. What types of information are we collecting?

Answered: 1 week ago

Previous Question Next Question