How to determine the industrys market structure

Assignment Help Econometrics

Reference no: EM13214495

a. What is ATC per unit for each level of output listed in the table? Output 25,000 50,000 75,000 100,000 TC 100,000 150,000 187,500 275, 500 MC $ .50 1.00 2.50 3.00

b. Is this a decreasing-cost industry? Yes or no?

c.Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles. How many firms will there be in this industry?

d.Suppose that, instead, the market quantity demanded at a price of $2.50 is only 75,000. How many firms do you expect there to be in this industry?

e. Review your answers to parts b, c, and d. Does the level of demand determine this industry's market structure?

Reference no: EM13214495

Questions Cloud

At which output level avc reaches its minimum value : A firm estimates that its total cost function is accurately estimated by the equation TC = 6,000 + 19Q - 5Q^2 + 0.5 Q^3 a. How much is MC at an output of 10 units b. At which output level AVC reaches its minimum

State the new volume if the pressure remains constant : degrees C are warmed to 100 degrees C. what is the new volume if the pressure remains constant?

How much labor will be hired to minimize costs of producings : Your firm's the production function: Q = 4K^1/2L^1/2 Suppose that the price of labor is $5 and the price of capital is $20. Your firm desires to produce 200 units of output. How much labor will be hired to minimize the costs of producing 200 units..

Explain what kind of hybridization for the central at atom : What bond angles do you expect for each of the following, and what kind of hybridization do you expect for the central at atom in each?

How to determine the industrys market structure : Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles. How many firms will there be in this industry d.Suppose that, instead, the market quantity demanded at ..

Explain the molecule should only contain only carbon : Draw a six carbon alkyne that can exist as diastereomers. The molecule should only contain only carbon

What profit or loss would the investment banker : What profit or loss would the investment banker incur if the issue sold to the public at an average price of $25 per share and what profit or loss would the investment banker incur if the issue were sold to the public at an average price of $15 p..

Explain what would the distribution of peaks look like : Gallium arsenide is a polymeric material, but its mass spectrum shows fragments with formulas GaAs and Ga2As2. What would the distribution of peaks look like for these two fragments?

Calculate estimates of average products and marginal product : Estimate your firm's short-run production function. Do the parameter estimates have the appropriate algebraic signs Are they statistically significant at the 5 percent level b. At what point do you estimate marginal product (MP) begins to fall

User Account

All Pages