User Account

All Pages

Perfectly competitive industry

Assignment Help Business Economics
Reference no: EM132140894

There are 100 identical firms in a perfectly competitive industry.

Market demand is given by -200P +8000. If each firm has a marginal cost curve,

MC = .4 q + 4.

What is the firm's supply curve ? What is market supply? What is equilibrium price? Equilibrium

quantity? How much will each firm produce?

Reference no: EM132140894

Questions Cloud

How does a franchise system such as the one used : How would you use business analytics to identify exporting opportunities for Two Men and a Truck?
What are the main things to remember about elasticity : What are the main things to remember about elasticity, supply and demand, tax incidence, government controls on the market, and economic theories?
What happens to market demand : Then let's use those tax revenues to raise Manny's income by 120 dollars. What happens to market demand?
The ground work in making the corporation : What does the promoter have to do to begin the ground work in making the corporation?
Perfectly competitive industry : There are 100 identical firms in a perfectly competitive industry. Market demand is given by -200P +8000. If each firm has a marginal cost curve,
Each processed in the wiring and drilling departments : The products are each processed in the wiring and drilling departments then go to assembly.
Identify two different stock exchanges in the united states : Identify two different stock exchanges in the United States. Describe the similarities and differences between the two stock exchanges.
What product would you choose to use and why : Visit two different drug stores and conduct a comparison of two products in the same category (e.g., weight loss pills, cough syrup, dietary supplements.
Description of proposed products or services : Compare alternative schools of thought, cultural and political differences which impact the application of management activities.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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