Qin a competitive market there are two groups of firms in

Assignment Help Business Economics

Reference no: EM13352200

Q. In a competitive market, there are two groups of firms. In group A, for each firm, the long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 20 and output is 4. In group A, there is an unlimited no. of firms. Every firm in group B has a special resource used as an input. For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6. For these firms, we also know that when output is 25, marginal cost is 20. There are only 100 firms in group B. Answer the following questions:

If market demand curve is given by Q = 10,000 - 10p, find

a. Long run equilibrium price

b. Industry output

c. Output of every firm in Group A

d. Output of every firm in Group B.

e. Number of firms in group A that produce positive output in long run equilibrium

f. Number of firms in group B that produce positive output in long run equilibrium

Reference no: EM13352200

Questions Cloud

Qsara is a dotcom entrepreneur who has established a web : q.sara is a dot.com entrepreneur who has established a web site at which people can design and buy a sweatshirt. sara

Qdenise is thinking about setting up a butterfly garden in : q.denise is thinking about setting up a butterfly garden in her backyard. she estimates that it will cost her 2000 to

Q1 if the sequence of species a differs from that of the : q1. if the sequence of species a differs from that of the other four species because of simple misalignment then what

Q1 the control centre for regulating body temperature is in : q1. the control centre for regulating body temperature is in a region of the brain called the hypothalamus. when the

Qin a competitive market there are two groups of firms in : q.in a competitive market there are two groups of firms. in group a for each firm the long-run atc curve is u-shaped

Q1 imagine eating a soda cracker that is mostly starch fat : q1. imagine eating a soda cracker that is mostly starch fat protein and salt. how will each of these components be

Q1 mckee corporation has annual fixed costs of 12m its : q1. mckee corporation has annual fixed costs of 12m. its variable cost ration is .60.a. determine the companys break

Q1 1 every time spike went to a boxing match he wanted to : q1. 1. every time spike went to a boxing match he wanted to see a knockout. finally his friend explained what happens

Q the assignment is a report on the united states of : q. the assignment is a report on the united states of americain past 6 years after the recession occurred in mid-2007.

User Account

All Pages