Competitive firm long-run supply curve

Assignment Help Macroeconomics
Reference no: EM131086716

Suppose that a competitive firm long-run supply curve is given by the expression QF = -500 + 10P. Does this mean that the firm will supply -500 units of output at a zero price? If so, what does output of -500 units mean?

Reference no: EM131086716

Questions Cloud

Profit-maximizing output for bartech : Bartech, Inc. is a firm operating in a competitive market. The manager of Bartech forecasts product price to be $28 in 2015. Bartech's average variable cost function is estimated to be
Provide specific examples from the real world : After reading the journal article for this week, identify 2-3 'best practices' discussed by the authors that you feel would have the greatest impact on the improvement of a business process.
Analyze museum jewelry case study business operations : Museum Jewelry Case Study-You agreed to analyze her business operations and to advise her how to reach her modest goal of earning $25,000 per year, after taxes
What is the insurers liability for the loss : What is the insurer's liability for the loss? If the building carried a $500,000 property insurance policy whilst incurring the loss, how much would the building collect?
Competitive firm long-run supply curve : Suppose that a competitive firm long-run supply curve is given by the expression QF = -500 + 10P. Does this mean that the firm will supply -500 units of output at a zero price? If so, what does output of -500 units mean?
Strategic supply chain management : Review Figures 3.1 through 3.8 on pages 93-112 in your textbook, Strategic Supply Chain Management. Use the figures to compare your current or past employer's present, past, and potential future organizational structures:
Make work environment pleasant so that work will get done : You definitely want her on the team and you want to make the work environment pleasant so that work will get done and the common goal will be accomplished.
What is the volume of the interior of the house in cubic : A ladder 9.00 m long leans against the side of a building. If the ladder is inclined at an angle of 75.0° to the horizontal, what is the horizontal distance from the bottom of the ladder to the building?
Review this case study from the perspective of a forensic : Use the Saint Leo University library to enhance your study and investigation of the subject case to write a paper of no less than 1200 words representing your understanding of the import of this case to the field of forensics.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Suppose the economy is on a balanced growth path in the

suppose the economy is on a balanced growth path in the romer model and then in the year 2030 research productivity

  Opportunity to research two trading partners of australia

The purpose of this assignment is to provide you with an opportunity to research and analyse two trading partners of Australia

  Summarize the main points of the discussion

Summarize the main points of the discussion Prepare a position on this summary; that is, do you agree or disagree with the findings of the authors (provide supporting evidence by way of cited references)

  Elucidate when did we have the last major tax increase

Elucidate when did we have the last major tax increase. How did the economy react to that over the next few years.

  Find who is a potential investor in the project

Consider the following interaction between two entrepreneurs (players 1 and 2) who are working on a joint project, and a venture capitalist (player 3) who is a potential investor in the project. First, player 1 decides whether to devote high or lo..

  What is the net present worth of the project

A special-purpose machine tool set would cost $30,000. The entire capital expenditure ($30,000) is to be borrowed with the stipulation that it be repaid by two equal end of year payments at 15% compounded annually. The tool is expected to provide ..

  Oligopoly and monopolistic competition

Give examples of competition of firms in Oligopoly and Monopolistic Competition, from the real world. In which market will one firm's probable decision affects the other firm's decision? Try to think of situations of of how they would compete in t..

  Determine the value of company stock

The Joe firm is experiencing financial problems. Its dividends and earnings are falling at a constant rate of 7 percent per year. It's stock just paid a yearly common stock dividend of $1.50 per share;

  Benefit-cost ratio analysis

Benefit-cost ratio analysis and an 8% MARR, determine which alternative, if any, should be selected.

  Find the state''s profit-max expenses to sell the wine

NJ taxes wine sales. While the retailers pay the taxes on wine sales, they may passon some or all of these taxes to consumers by raising prices. Identify the specific tax (tax per bottle sold) for which NJ's equilibirum market price and quantity e..

  What does it mean to have market power

A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. D..

  Write down the tangency condition for type a and b agents

Consider the 2-period environment from class.The economy is populated by two types of agents A and B. There is an equalnumber (N) of each type. The agents have preferences which incorporate impatience.

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!

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