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The market supply and market demand are given:
Qd=192-4O and Qs=4P
Assume the market is in short run equilibrium. what is the price that each competitive firm must take?
Now suppose that any given individual firm in the same perfectly competitive industry has the following:
TC=Q^2+36
MC=2Q
What is the break-even price in this industry assuming all firms have the same cost structure? as a reminder you first have to find ATC. the break-even price is at the minimum of the ATC function the quantity at which the ATC is minimized can be found by solving MC= ATC.. also the MC function passes through the minimum of the ATC function. show all your work!
Determine the quantity demanded, the quantity supplied, and the magnitude
In this module, it is demonstrated that sometimes extensive diseconomies of scale, say, due to high transportation costs, would require that the firm produce its product in a multiple of plants. Suppose a beer brewing company has determined that i..
q1. assume which a risk-free investment will make three future payments of 100 in one year 100 in two years and 100 in
Suppose the demand and supply curves for product are given by: Qd = 500 - 2P and Qs = -100 +3P. I need to graph the supply and demand curves, b. find equilibrium price and quantity,
decades has noting to do with the Department of Health and Human Services, but rather with the Internal Revenue Service. What evidence can you cite to support your position?
Assume that a pharmaceutical firm knows it can develop a new drug in 12 years at an upfront cost of $300m (incurred in year 1). If the firm undertakes the drug development project, it knows it can earn an annual profit of $200m in each year (starting..
There is an asset demand for money because households and business firms use money as a store of value. What are some other reasons that households and business firms hold money?
Assuming that budget stays same except for interest on debt for 10 years, what will be accumulated debt? What will size of budget be after 10 years.
Demand for a good is a measure of the relationship between
The price elasticity for butter is fairly high (in absolute value). Which of the following is among the reasons why its demand is so elastic?
In this assignment, you will discuss the importance of trade in the world and how this has changed over the past decades. The text outlines the five main reasons for international trade.
One strategy I might use to be elected mayor of a university town is to place a binding price ceiling on rent for student apartments. What will happen if I get elected and am able to pass such a law?
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