User Account

All Pages

What is the market short run equilibrium price and quantity

Assignment Help Microeconomics
Reference no: EM13877092

Assume a competitive industry consists of 300 firms each with the following cost function:

TC = Q3:- 10Q2:+ 45Q + 100

If the market demand function is Qd = 4000 - 20P

what is the market short run equilibrium price and quantity?

Reference no: EM13877092

Questions Cloud

Describe the speed variation of the motor : Consider a separately-excited dc motor. Describe the speed variation of the motor operating unloaded under the following conditions:
What was the total master budget variance for the period : What was the total master (static) budget variance for the period? How much of this variance was attributable to sales volume for the period being different from planned?
Calculate the angular displacement : Calculate the angular displacement between the rotor stacks. Determine the frequency of phase currents required to achieve a rotor speed of900r/min.
Influence of the ghosts of peter quint and miss jessel : Historically, debates about the meaning of The Turn of the Screw have been preoccupied with the credibility of the governess who narrates the novel: Is the governess right, and Miles and Flora are under the dangerous influence of the ghosts of Pet..
What is the market short run equilibrium price and quantity : If the market demand function is Qd = 4000 - 20P-what is the market short run equilibrium price and quantity?
Determine the dollar amount of selling price variance : Determine the dollar amount and label (F or U) each of the following variances for December: Total master (static) budget variance and Selling price variance.
Corresponding secondary voltage : What maximum 60-Hz rms primary voltage is possible without reaching this saturation level? What is the corresponding secondary voltage? How are these values modified if the applied frequency is lowered to 50 Hz?
Literature review on success factors in organizations : Literature Review on Success Factors in Organizations- Need a literature review on what factors are likely to bring success to an organization. So find articles that are on the topic
Find out what happened with the appeal : Find out what happened with the appeal to the 9th Circuit Court of Appeals - But dismissing this case at the outset would sacrifice liberty for no apparent enhancement of security.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain the principal-agent problem and moral hazard

Insurance companies must provide insurance to drivers who may take risks that go unreported because they don't wreck or get ticketed (or if they do wreck or get ticketed, it goes unreported to the insurance company).

  Describe a specific tariff and an ad valorem tariff

Describe a specific tariff, an ad valorem tariff, and compound tariff. What are the advantages and disadvantages of each?

  Explain what will happen to the money multiplier process

3-3)Explain what will happen to the money multiplier process if there is an increase in the reserve requirement?4. If the reserve ratio is 4 per cent, what is a total increase in money supply when there is a new deposit of $500?(Assume there are mult..

  A decrease in person''s real wage necessarily means

A decrease in person's real wage necessarily means

  Baa is a private company that operates some of the largest

baa is a private company that operates some of the largest airports in the united kingdom including heathrow and

  Draw and explain the demand curve facing each firm

This problem from economics and it is describe the kinked demand curve, a dilemma in most microeconomic scenarios where two or more competing firms wage price wars and arrive at a price which seems to be kinked when plotted on a graph.

  What is isoquants

What is isoquants and at what point an isoquants are economically efficient?

  How important was your income as a factor

How important was your income as a factor? How important was the price of other goods as a factor?

  Part 1 firm perspective1 use the following article and your

part 1 firm perspective1. use the following article and your own research to answer the following questionscompetitive

  How much will each of her children receive after taxes

Kathryn and her husband earned a considerable fortune during their working lives, but Kathryn is now retired and her husband is deceased. Kathryn has $20 million available to pass along to her two children, and has made provisions in her will to divi..

  Effect on the countrys production possibilities frontier

Under free trade, an expansion of China's capital endowment leads to a reduction in GR's overall welfare - show the effect on the country's production possibilities frontier.

  Should the government subsidize college education so that

Should the government subsidize college education so that it can be provided with very low tuition?

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