User Account

All Pages

Compute short-run supply curve for a single firm

Assignment Help Business Management
Reference no: EM131309392

Suppose there are 200 identical firms in a perfect competitive industry. Moreover, assume that each firm has the following short run cost function: C(q) = 0.5q2 + 5q + 20.

a) Compute the short-run supply curve for a single firm, expressing q as a function the price P.

b) Calculate the short-run industry supply curve.

c) Now assume that the market demand is given by QD = 1000 - 50P. Compute the short-run equilibrium price and its corresponding quantity.

Reference no: EM131309392

Questions Cloud

Find the marshallian demands : a) Find the Marshallian demands of x for both types of consumers. b) In what follows, suppose that there are 50 consumers of type 1 and 100 of type 2. Find the market demand of x. Does the price of y affect this demand?
What career paths would knowledge of excel worksheet benefit : What career paths would knowledge of Excel worksheets benefit an individual? Would knowledge of Excel be beneficial for you in your current or future career? How could you use Excel in your personal life?
Create the template with the date and addresses : Create the template with the date, addresses, salutation, and closing. Create your own letterhead or use a standard return address.
Find a current article on a labor dispute and summarize : Find a current article on a labor dispute, summarize and explain at least two pros and cons of both sides of the argument and; Find a current article on an antitrust or anticompetitive case. Discuss what type of regulation or law is being broken
Compute short-run supply curve for a single firm : a) Compute the short-run supply curve for a single firm, expressing q as a function the price P. b) Calculate the short-run industry supply curve.
Create pseudo code for the given three queue methods : Create pseudo code for the following 3 queue methods, showing the logic tied to the inverted list. Include a summary of these actions. enqueue( item ), dequeue( ) and display( ).
Why is time consistency important in economic models : Characterize Homo economicus. How does he differ from a regular human being?
Describe one example of anchoring : How does the endowment effect contradict aspects of conventional economic theory?
Upward-sloping aggregate supply curve : Why do higher prices in the goods and services market measured by the CPI lead to an upward-sloping aggregate supply curve?

Reviews

Write a Review

Business Management Questions & Answers

  Network design project

In preparation for your network design project, discuss with your classmates ideas for addressing the security vulnerabilities in the network design. In your discussion, address the following:

  Guests in the dining area had finished their entrées

The service bar was almost full of guests, and most of the seated guests in the dining area had finished their entrées or were just beginning their desserts. What can Karla do to solve the problem?

  Running case

Running Case

  The headaches of glaxowelcome

The Headaches of GlaxoWelcome

  Construct the appropriate control chart

a)  Construct the appropriate control chart from the above data using a 3-standard deviation limit.

  Illustrate what are the common characteristics of consumers

Illustrate what are the common characteristics of the satisfied consumers? Answering these and other similar questions will help the owners focus their marketing efforts, improve operations and be in a position to expand their restaurant concept t..

  Forecast the demand for the week of october

Forecast the demand for the week of October 12 using a 3-week moving average.  Compute the forecast for the week of October 12 using exponential.

  Goals of employee selection and selection methodsin

goals of employee selection and selection methodsin business human resources during the hiring process what are the

  Case study on bad news memo

Case Study on Bad News Memo or E-Mail

  Negotiating buying and selling cars

What are likely to be the points of conflict and what power does Barney have and Negotiating Buying and Selling Cars

  Symptoms of the systems which projects inhabit

Do you agree or disagree with Awati's assertion that the common reasons for project failure that he discusses are symptoms of the systems which projects inhabit?

  Control limits of the proportion of defectives

A daily sample of 30 times was taken over a period of 14 days in order to establish attributes control limits. If 21 defectives were found, what should be the upper and lower control limits of the proportion of defectives?

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