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Each of 100 rms in a competitive market has a cost function of c(Q) = 72 + 2Q2, meaning each rm has a marginal cost of MC = 4Q. The market demand curve is QD = 600 5p.
a. Solve for the short-run equilibrium price and quantity (hint: rst, solve for an individual rm's supply curve, and then multiply the quantity by 100 to get the market supply curve).
b. What profit level will each rm earn in the short-run?
c. In the long-run, will there be entry or exit from the market? Explain. What number of rms will be active in the long run?
Suppose that there are 80 firms in a market, each with the following cost function: C(q) = 100 + 4q^2 A.) Derive the short-run market supply curve. B.) Suppose the market demand is Qd= 1280 - 30P Find the equilibrium market quantity and price.
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suppose that the interest rate on a one year bond is 7 percent today and the interest rates expected on one year bonds in the future are 6 percents in one year, 5 percent in 2-year , and 4 percent in three years bond. what are interest rate today ..
Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your first deposit is $7500 and each successive deposit is 5 percent greater than the preceeding deposit, how much will be in the fund immediately after t..
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