User Account

All Pages

Dividing the total amount produced in the market

Assignment Help Microeconomics
Reference no: EM13298981

In a perfectly competitive industry if each firm is identical then we can calculate the number of firms in the industry by

a. Multiplying the amount produced by each firm times the total production of the good.

b. Dividing the total amount produced in the market by the amount a representative firm produces.

Reference no: EM13298981

Questions Cloud

Explain how many grams of naclo must be added to 1.0 l : Construct a buffer to have a pH of 7.70 using HClO and NaClO (Ka = 3 x 10-8). How many grams of NaClO must be added to 1.0 L of a 0.40 M HClO solution (assume no volume change)
Produce the profit maximizing level of output and therefore : Produce the profit maximizing level of output and therefore there will be no deadweight loss associated with this production.
What is the instantaneous current through the surface : The quantity of charge q (in coulombs) that has passed through a surface of area 1.92 cm2 varies with time according to the equation q = 4t3 + 5t + 6, What is the instantaneous current through the surface at t = 1.02 s
Estimate the hydraulic retention time if the reactor is pfr : A biological reactor is used to treat wastewater from a small community (Q = 100,000 gpd). The influent BOD5 concentration to the reactor is 200 mg/L and the required effluent BOD5 concentration is 30 mg/L.
Dividing the total amount produced in the market : In a perfectly competitive industry if each firm is identical then we can calculate the number of firms in the industry by
Define benzoic acid is a weak acid that has antimicrobial : Benzoic acid is a weak acid that has antimicrobial properties. Its sodium salt, sodium benzoate, is a preservative found in foods, medications, and personal hygiene products. Benzoic acid dissociates in water: C6H5COOH + H2O ==== H+ and C6H5COO- T..
Determine maximum concentration of chlorides to be observed : A non-reactive chloride solution is continuously discharged into an aquifer. The concentration at the discharge location is 800 mg/L. Determine the maximum concentration of chlorides to be observed at an observation well 30 m downstream of the disc..
What arguments can be raised to support the politicization : Indicating how the CAP, the APB, and the FASB operated or operate. Cite specific developments that tend to support your answer.
What is the height of the image in millimeters on the film : A movie camera with a (single) lens of focal length 95 mm takes a picture of a person standing 28 m away. what is the height of the image in millimeters on the film

Reviews

Write a Review

Microeconomics Questions & Answers

  Native labourers in long run

What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?

  Special characteristics of purely competitive firms

How does the investment banks industry fit into the perfectly competitive model - Special characteristics of purely competitive firms

  Describing law of demand and supply

In the aftermath of September 11 terrorist attacks, the quantity of sold airline tickets in 2002 fell by a large percentage when compared to 2001. During the same time period the average price for airling tickets also fell.

  Law of demand and the determinants of demand

Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.

  Evaluate your opportunity cost

Label the points representing choice C and choice D. If you are at choice C, what is your opportunity cost of increasing your chemistry score?

  Exercise on public goods and monopoly

Show that the optimal amount of the public good isthe same in every Pare to efficient allocation. What is this amount? Will the optimalamount of the public good change if the initial wealths of the two individuals change?

  How has walmart impacted vertical coordination

How has Walmart impacted vertical coordination? Your opinion does not need to be based upon the article and how has Walmart impacted performance of the US economy

  Discuss which factors facing the firm to make demand

Consider a profit maximizing firm producing a differentiated product by use of capital and labour. Although the firm can use both capital and labour as inputs, and it is fairly easy to substitute between these inputs, the firm relies heavily on la..

  Why the production department purchases new equipment

Describe the effects of each of the following managerial decisions or economic influences on the value of the firm: 1. The firm is required to install new equipment to reduce air pollution.2. Through heavy expenditures on advertising, the firm's mark..

  Compute bobs mrs as a function of c and p

Compute the formula for Bob's indi erence curves by setting and compute Bob's MRS as a function of C and P

  What are some of the incentives to consolidate

In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms. The second agrues against the proposed merger from the perspective of the broader public intere..

  Cause of the aggregate demand curve to shift to the right

Assume that the market for Mexican pesos begin in equilibrium. Then, the Mexican economy experiences a severe recession. Because of the recession, the Mexican companies lower their prices. As a result of the recession and lower prices in Mexico.

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