User Account

All Pages

Monopolistically competitive firm in a long-run equilibrium

Assignment Help Microeconomics
Reference no: EM13497219

Does the following diagram illustrate a monopolistically competitive firm in a long-run equilibrium? If yes, explain why. If no, explain why not and redraw the diagram so that it is a long-run equilibrium.

1684_Competitive firm in a long-run equilibrium.png

Reference no: EM13497219

Questions Cloud

Prepare a financial plan : In this case (Case 29), students prepare a financial plan, consisting primarily of pro forma (forecasted) financial statements for the same hospital.
Obtain the angular velocity of the weather vane : A weather vane initially at rest has a moment of inertia of 0.104 kg · m2 about its axis of rotation. Find the angular velocity of the weather vane just after it is struck
Explain the percent ionization of niacin : The percent ionization of niacin (C6H5NO2), (whose Ka is 1.5 x 10^-5) in a .020 M solution is 2.7%. Calculate the percentage of niacin molecules ionized in a solution that is (a) 0.010 M (b) 1.0 x 10^-3 M
Find the divers average angular velocity during a dive : A diver makes 2.5 revolutions on the way from a 9.0-m-high platform to the water. find the diver's average angular velocity during a dive
Monopolistically competitive firm in a long-run equilibrium : Illustrate a monopolistically competitive firm in a long-run equilibrium? If yes, explain why. If no, explain why not and redraw the diagram so that it is a long-run equilibrium.
Explain what is the mass concentration of water vapor : What is the mass concentration of water vapor in the atmosphere at 25oC when the relative humidity is 60%and the saturation vapor pressure is 2800 Pa
What is the power factor of the other load : Two 480 V (rms) loads are connected in parallel. The two loads draw a total average power of 40,800 W at a power factor of 0.8 lagging. What is the power factor of the other load
What is the angle between earth-sun line and mars-sun line : Mars orbits the Sun at a mean distance of 228 million km, in a period of 687 days. The Earth orbits at a mean distance of 149.6 million km, in a period of 365.26 days. what is the angle between the Earth-Sun line and the Mars-Sun line
Explain the temperature of water used in the calibration : If one ignores the thermal expansion of glass and any weighing errors due to the buoyancy effect, does the volume of water actually delivered by a volumetric pipet differ as a function of the temperature of water used in the calibration

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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