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

Question

1 Approved Answer

please solve Suppose that there are 100 firms in a market, each with the following cost function: C(q) = 2+ 3q2. Suppose the market demand

image text in transcribed

please solve

image text in transcribed
Suppose that there are 100 firms in a market, each with the following cost function: C(q) = 2+ 3q2. Suppose the market demand is D(p) = 1,340 - 26p How much profit does each firm make in the short-run equilibrium? Your

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

Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business

Authors: Richard A. Yates

4th edition

133370283, 978-0133370287

More Books

Students also viewed these Economics questions

Question

★★★★★
Brinker International operates Chili's, Macaroni Grill, and other restaurant chains. The following items are classified as current liabilities on Brinker International's balance sheets as of 2015 and...

Answered: 1 week ago

Question

★★★★★
Because e-mail is not transmitted on letterhead stationery and is rather casual, it doesnt require you to apply the same formal standards that you use for other office correspondence. True False

Answered: 1 week ago

Question

★★★★★
Discuss three major criticisms of functionalism and explain how a functionalist might respond to each criticism.

Answered: 1 week ago

Question

★★★★★
Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to...

Answered: 1 week ago

Question

★★★★★
Our company uses a growing perpetuity model to analyze its corporate value. The value is currently modeled based on: Annual revenues $28m Annual costs are $20m Net inflow in the first year was $8m...

Answered: 1 week ago

Question

★★★★★
Use Excel's Solver to determine which of the below 3 strategies yield the minimal total cost. (see the attached image) Hints: Part 1: use level production of 60 tankloads every month and supplement...

Answered: 1 week ago

Question

★★★★★
W-rite a 2 to 3-page (500 - 750 words, title page and references do not count toward the total) essay on Gains from Trade and Comparative Advantage. Use A.P.A format. Cite 2 references other than...

Answered: 1 week ago

Question

★★★★★
John and Susan, both age 35, are married, and each own 35% of an S corporation for which they perform services as employees. The company had $30,000 in ordinary business income (John and Susan both...

Answered: 1 week ago

Question

★★★★★
What are the requirements outlined in the Deloitte Policy Manual, Section 1553 intended to accomplish? Protect the general public, as well as investors, creditors, and Deloitte employees Ensure even...

Answered: 1 week ago

Question

★★★★★
Using your knowledge of navigating the global environment and your analysis of Walmart's experience as described in the Management at Work article, answer the questions posed. You begin by reminding...

Answered: 1 week ago

Question

★★★★★
A total of 75 out of 200 old computers were reported as problematic. Therefore, 300 new computers were purchased, of which 6 were reported as problematic. What was the percentage decrease of...

Answered: 1 week ago

Question

★★★★★
Porter Company is analyzing two potential investments. Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 Project X Project Y $ 60,000 $ 68,000 24,000 4,000 24,000 26,000 24,000 26,000 0...

Answered: 1 week ago

Question

★★★★★
MRP Inventory Costs - 5 marks The cost of ordering for the company is $30 per order and the cost of holding is $0.10 per unit per period.Based on the order quantities and inventory quantities in the...

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: a) What we seek to achieve is different from why we seek to achieve it. b) Thoughts are different from what we are thinking about. c) Writing to find out what one...

Answered: 1 week ago

Question

★★★★★
2. Provide new information and before 20 seconds have elapsed, add more infor-mation. The initial information will then be lost from memory for most people.

Answered: 1 week ago

Question

★★★★★
7. What is the extent (percentage) of errors detected in the information collected?

Answered: 1 week ago

Previous Question Next Question