Question 15 Opoints Save AS Consider a real firm that produces and ses fashion accessories including silver-plated bracelets This form is one of many firms participating in a highly competitive national market for over the bracelets. The market price for tilver plated bracelet is $40 20 and the marked is in equilibrium Firms in the market and potential entrants have the same costructure, and the current market quantity is 63,800 bracelets Alma lit the cost of labor and materials used in production las described by the equations MC -5+0.32 and AVC -5. 0.160 In addition to these con the firm faces a cont of 51600 for its machinery and equipment (Question of Now contider that tighgt input prices led to a donne in the upply of rather braceletu, a substituto consumption pood in the market for huather bracelets, the market price and quantity of the traded changes, and the impact the competliliy matket for silver plated bracelets As a result of this shock the market for silver platod bracelets adjunts in the short run in comparison to the will condition what long run adjustments should be nipated as the market mavestowed the long run equilibrium? As the market in the long run, wwwpect that the number of time in the market and the market will Question 15 Opoints Save AS Consider a real firm that produces and ses fashion accessories including silver-plated bracelets This form is one of many firms participating in a highly competitive national market for over the bracelets. The market price for tilver plated bracelet is $40 20 and the marked is in equilibrium Firms in the market and potential entrants have the same costructure, and the current market quantity is 63,800 bracelets Alma lit the cost of labor and materials used in production las described by the equations MC -5+0.32 and AVC -5. 0.160 In addition to these con the firm faces a cont of 51600 for its machinery and equipment (Question of Now contider that tighgt input prices led to a donne in the upply of rather braceletu, a substituto consumption pood in the market for huather bracelets, the market price and quantity of the traded changes, and the impact the competliliy matket for silver plated bracelets As a result of this shock the market for silver platod bracelets adjunts in the short run in comparison to the will condition what long run adjustments should be nipated as the market mavestowed the long run equilibrium? As the market in the long run, wwwpect that the number of time in the market and the market will