User Account

All Pages

Find current market p and market q

Assignment Help Business Economics
Reference no: EM133065603

You will use this information to answer this question PLUS the next three questions.

Assume there are exactly 5 firms in your market BUT (despite this) the market is perfectly competitive.

The market demand function is Q = 270 - 2*P.  The market supply function is Q = 15 + P.

All firms have the same ATC curve, and it is this:

ATC = 88 - .66Q + .02Q2  

Which of the following are the current market P and market Q in this market?

Multiple Choice

  • P = 65 and Q = 150
  • P = 85 and Q = 100 
  • P = 75 and Q = 120
  • None of the above

Reference no: EM133065603

Questions Cloud

Pro?t maximizing level of output : Draw the demand, marginal revenuer average total cost, and marginal-cost cunre for a monopolist. Show the pro?t maximizing level of output
Learned about the global supply chain : What Have We Learned About the Global Supply Chain Living through the Pandemic?
Forecasting and demand models-business operations plan : This assignment is intended to help you learn how to apply forecasting and demand models as part of a business operations plan.
Make the machinery sale to moldova : Is there a way that you can think of that American Machine Tools might be able to make the machinery sale to Moldova?
Find current market p and market q : You will use this information to answer this question PLUS the next three questions.
Nominal gross domestic product : 1. In a conversation, a friend said, "Australia's economy grew between 2015 and 2017 because nominal gross domestic product (GDP) increased from 945 billion in
Identify the range of output exhibiting increasing : Last year, your company purchased a site license to the accounting software suite CookTheBooks® for $14,900. Yesterday, your IT department discovered that the s
Bus 780-organizational development : BUS 780-In the position of internal Organizational Development Consultant, also referred to as Organizational Effectiveness Officer,
Renewal of the abs-cbn franchise : What are the example of other media/channel that has a suit and/or forced to shutdown that has happened already in the media industry before.

Reviews

Write a Review

Business Economics Questions & Answers

  Investment portfolio currently contains three stocks

Susan's investment portfolio currently contains three stocks that have a total value equal to $100,000. The beta of this portfolio is 1.5. Susan is considering investing an additional $50,000 in stock that has beta equal to 3. After she adds this sto..

  Q consider the following two statements1 if the government

q. consider the following two statements1 if the government raises marginal income tax rates on society and then

  Annual balance sheets of xiaomi on bloomberg

Balance sheet: examine the last 3 (common size) annual Balance Sheets of xiaomi on Bloomberg. What is the relation of assets to: cash and cash equivalents

  Producer surplus, placing the seller with largest producer

Joey, David, Tracy, and Surly own one track bicycle apiece, and they\'ve each modified to sell them as fixed-gear bikes or \"fixies.\" Joey is willing to sell his bike at $100 or more. Likewise, David will sell his fixie for $150, Tracy at $200, and ..

  Q1 sam purchased a 5 year treasury note with a 1000 face

q1. sam purchased a 5 year treasury note with a 1000 face value and a 7.5 coupon rate. with the help of excel

  Calculate the tax rate for the cases

Calculate the tax rate (in %) for the following cases

  What are four different applications where digitizing

What are four different applications where digitizing (spatial data creation and/or spatial data editing) would be useful.

  Implementing game theory in the situation

Did you realize you were implementing game theory in the situation? How did the outcome benefit you at that moment and in the future?

  The process engineer at strow bridge metal works

The process engineer at Strow bridge Metal works has the choice of machining a particular part on either of two machines. Orders for this part re received regularly, but the order size varies. When the order is processed on machine A, four sequential..

  Key macroeconomic variables

Using Gentex Corp as the example answer the following in 300 words with a reference: How the country's financial system is related to key macroeconomic variables.

  Elucidate implicit costs and the business profit

A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.

  Average male score on the math portion

For the years 1967 to 1990 (note this gives 24 observations) the average male score on the math portion of the SAT was 500 with a variance of 46.61 and the average female score on the math portion of the SAT was 453.67 with a variance of 83.88. Assum..

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