For soccer balls are selling in purely competitive market

Assignment Help Business Economics

Reference no: EM13888584

Firms in the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average total cost is $7.50, and the marginal cost is $10.00. What would you expect the firm to do in the short run? The market in the long run?

Reference no: EM13888584

Questions Cloud

Small restaurant that specializes in serving local fruits : HomeGrown is a small restaurant that specializes in serving local fruits, vegetables and meats. The company has chosen to enter into a long-term relationship with Family Farms, a local farming operation. The two parties have decided to enter into a l..

What is the epeat tool? how is it used : What is the EPEAT tool? How is it used?

Cause a shift of the demand curve for donuts : Which of the following would cause a movement along the demand curve that is a change in the quantity demanded of donuts. Which of the following would cause a shift of the demand curve for donuts? Check all that apply

What advice do you give elaine for as quickly as possible : What advice do you give her for as quickly as possible restoringthe confi dence of the American public in the integrity and worthinessof this preeminent national charity organization.

For soccer balls are selling in purely competitive market : Firms in the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average ..

Discuss the impact of changes in household income : 1.Discuss the impact of changes in household income on

Define the term green computing and state the primary goals : Define the term green computing and state the primary goals of this program.

Firms with high degree of monopoly power : Three products that you believe are provided by a "pure" monopoly, or at least by firms with a high degree of monopoly power. List substitutes for the products sold by each of these "monopolies".

Concepts-class consciousness and materialism in relation : Briefly discuss the following concepts: class consciousness and materialism in relation to the conflict tradition of explaining social change.

User Account

All Pages