How much does each firm produce

Assignment Help Basic Computer Science
Reference no: EM132288589

Many identical firms are operating in a perfectly competitive market at its long-run equilibrium, each with T C = 40 + 20q + 0.1q 2 and MC = 20 + 0.2q. The market demand curve is QD = 5000 - 5 6 P.

(a) How much does each firm produce?

(b) What is the corresponding market price?

(c) What is the total quantity traded in the market? How many firms are present?

Reference no: EM132288589

Questions Cloud

Describe the pharmacodynamic processes : Examine Case Study: A Puerto Rican Woman With Comorbid Addiction. You will be asked to make three decisions concerning the medication to prescribe.
Find the equilibrium market price and quantity : In a perfectly competitive market, the market demand curve is given by Qd = 1000-10P d , and the market supply curve is given by Qs = 30P s .
Analysis of relevant legislation : Complex Complaints Briefing Report - Reflect customer needs you have identified and show how these needs will be satisfied through the service provided
What is recruiting and selection in the hr process : What are metrics and control measures mechanisms in marketing? What are the factors that influence consumer business purchasing?
How much does each firm produce : (a) How much does each firm produce? (b) What is the corresponding market price?
Should spacely sprockets invest in the new sprocket factory : Assume the prevailing interest rate is 5%. Should Spacely Sprockets invest in the new sprocket factory? Show your work and explain your answer.
Write a paper on diabetes including given topics : Write a 250 word (double spaced) paper on diabetes. Include the following topic heading: Epidemiology, Etiology, Symptoms.
Is this firm targeting specific strategic goals : What is the mission statement and/or vision statement of this firm? Is this firm targeting specific strategic goals?
What happens to the equilibrium quantity : Finally if the supply curve shifts to the right, what happens to the equilibrium quantity?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Program that accepts the number of darts as an input

Write a program that accepts the "number of darts" as an input and then performs a simulation to estimate π. Hint: you can use 2*random() - 1 to generate the x and y coordinates of a random point inside a 2x2 square centered at (0, 0). The point l..

  What is the occupational safety and health administration

What three agencies are primarily responsible for administration of the Occupational Safety and Health Act?

  Build a system for oil-gas company

Assume you have been selected to build a system for Oil&Gas company. Do you prefer to build a win-based system or a web-based system? Why?

  What do we mean when we say

"What do we mean when we say"make sure an object is in a proper state when it is created" and how is this accomplished in object-oriented programming?

  What is opportunity cost of funds

1. Assume that you have inherited a perpetual bond that pays $1000 annually. a. If you accepted $30,000 today in exchange for the bond

  Artistic applications are typically considered distinct

Artistic applications are typically considered distinct from technical applications of graphics.

  Create a class name horse that contains a data field

Create a class name Horse that contains a data field for name, color, and birth year. Include get and set methods for these fields.

  What is the advantage of cryptdb onion construction

What is the advantage of CryptDB's onion construction? (choose all that apply)

  What is the probability that the sample mean time

What is the probability that the sample mean time between the last drink and the onset of withdrawal will be 37.3 hours or more?

  Possibility of someone using an application

You have been alerted to the possibility of someone using an application to capture and manipulate packets as they are passing through your network. What type of threat does this represent?

  Create a cost model for higher-level operations in c++

This exercise is open-ended, so concentrate on a small set of representative operations.

  Gallons and standard deviation

Suppose that the variable x = actual capacity of a randomly selected tank has a distribution that is well approximated by a normal curve with mean

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