Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

Y5 suppose that each firm in a competitive market as a following cost structure:TC=32+0.5q^2 , MC=qThe market demand and supply functions are:Q=120-p , 11p=Q1.compute the

Y5

suppose that each firm in a competitive market as a following cost structure:TC=32+0.5q^2 , MC=qThe market demand and supply functions are:Q=120-p , 11p=Q1.compute the number firms in this market in the long run2. compute the firm's profits in the short run.3. Compute the number of firms in this market in the short run.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry

Authors: Michael Sullivan

5th Edition

0137945139, 9780137945139

Students also viewed these Economics questions

Question

★★★★★

A solid definition of the Law of Unintended Consequences is provided on page 54 of the assigned article, "The Unintended Consequences of the Application of Technology in Teaching and Learning...

Answered: 1 week ago

Question

★★★★★

1.43 Aqua Running Aqua running has been suggested as a method of cardiovascular con- ditioning for injured athletes and others who want a low-impact aerobics program. A study reported in the Journal...

Answered: 1 week ago

Question

★★★★★

On October 1, 2014, Daster Corporation declared a $50,000 cash dividend to be paid on December 15 to shareholders of record on November 1. Required Record the events occurring on October 1 and...

Answered: 1 week ago

Question

★★★★★

Calculate the price of a 5.4 percent coupon bond with 10 years left to maturity and a market interest rate of 5.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate...

Answered: 1 week ago

Question

★★★★★

Company A manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside...

Answered: 1 week ago

Question

★★★★★

TLW Consulting has been concerned about declining profitability and the president has asked you to evaluate productivity over the past two years. After several weeks, you have managed to collect the...

Answered: 1 week ago

Question

★★★★★

Evaluate some of the theoretical frameworks that have been used to explain the HRM performance in organizations.

Answered: 1 week ago

Question

★★★★★

Create rewards structure for the sales and marketingdepartments for a company of your choosing. Attention should be placed on creating a strategy that not only builds continuity among the 2...

Answered: 1 week ago

Question

★★★★★

Flip a coin 100 times and set X = # of heads. (a) How many sequences of 100 coin flips include exactly 50 heads? (b) What is the probability of a single sequence of 100 flips with exactly 50 heads?...

Answered: 1 week ago

Question

★★★★★

Under ERISA, which is the federal law that governs private pension plans, employees typcially must become \"vested\' in their benefits within how many years?

Answered: 1 week ago

Previous Question Next Question