User Account

All Pages

Can you tell whether this firm is in a competitive industry

Assignment Help Macroeconomics
Reference no: EM13325684

Quantity 0 1 2 3 4 5 6 7

Total cost8 9 10 11 13 19 27 37

Total Rev0 8 16 24 32 40 48 56

1.) Calculate marginal revenue & marginal cost for each quantity

2.) Can you tell whether this firm is in a competitive industry and if the industry is in a long-run equilibrium?

Reference no: EM13325684

Questions Cloud

Evaluate the ph during the titration of hcooh : Calculate the pH during the titration of 20.00 mL of 0.1000 M HCOOH(aq) with 0.1000 M NaOH(aq) after 20.22 mL of the base have been added. Ka of formic acid = 1.8 x 10-4.
Calculate how much work is done by friction : A 25.00 kg block starts from rest at the top of a 24.0 m long 30.0° incline. Its kinetic energy at the bottom of the incline is 2940 J. How much work is done by friction
Describe the diamond-water paradox and the solution : Why is an oligopolist more likely to be able to earn a profit in the long run compared to a monopolistic competitive firm?
Evaluate the ph during the titration naoh : Calculate the pH during the titration of 20.00 mL of 0.1000 M CH3CH2COOH(aq) with 0.1000 M NaOH(aq) after 20.39 mL of the base have been added. Ka of propanoic acid = 1.3 x 10-5.
Can you tell whether this firm is in a competitive industry : Can you tell whether this firm is in a competitive industry and if the industry is in a long-run equilibrium?
Find the minimum initial speed of a projectile : Find the minimum initial speed of a projectile in order for it to reach a height of 2135 km above the surface of the eartH
Prepare an analysis to show which alternative makes : Prepare an analysis to show which alternative makes the best use of Sharp Image's factory space - could be used to manufacture another product with a contribution margin of $75,000.
Explain the product and write a balanced equation : Predict the product(s) and write a balanced equation for the following redox reaction: 1. Phosphorous trichloride + chorine
Compute number of meals needed to earn operating income : Compute the annual breakeven number of meals and Sales Revenue for the restaurant and compute the number of meals needed to earn operating income of $75,600 to replace Steve's salary from his

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd