What will be the effect of an increase of 10dollar per unit

Assignment Help Econometrics

Reference no: EM13219820

Suppose that a perfectly competitive consant cost industry if initially in short and long-run equilibrium. In general, what will be the effect of an increase of $10 per uni in varialbe coss on he short-run equilibrium price, the short-run industry ouput, the short-run ouput of he firm, and he shor-run profit of the firm?

Reference no: EM13219820

Questions Cloud

How the company might respond strategically : Identify a foreign market that you feel this company should enter next, and explain why it should enter that market and which of the strategies should be used and explain the challenges from competition in the local market, and how the company might ..

What is the new balance sheet for the federal reserve banks : The Federal Reserve Banks sell $3 billion in securites to members of the public, who pay for the bonds with checks. Show the new balance sheet for commercial banks if reserves = 33, securites = 60, checkable deposits = 150, and reserve banks = 3.

Calculate population increase : The output then would be that count. You will want to use 2 variables, one for the index of the for loop ( and the counter in the do loop) and the other variable to keep track of your "current" population.

Synthesise theories and models from the module readings : Synthesise theories and models from the module readings and literature and utilise effective discussion, analysis and conclusions showing critical thinking to propose solutions

What will be the effect of an increase of 10dollar per unit : Suppose that a perfectly competitive consant cost industry if initially in short and long-run equilibrium. In general, what will be the effect of an increase of $10 per uni in varialbe coss on he short-run equilibrium price, the short-run industry..

How much total profit is the firm earning at the price : Suppose a monopolist charges a price of $27 for its product and sells 10 units at that price. At 10 units of production the firm has average fixed cost equal to $10 and average variable cost equal to $12. How much total profit is the firm earning ..

Use double variable to represent the private data of class : Use double variable to represent the private data of the class. Provide a constructor that enables an object of this class to be initialized when it is declared.

What the game theory matrix looks like without the law : Using a traditional game theory 2x2 matrix, show how this law prevents a prisoner's dilemma and thereby actually makes models better off. In other words, show what the game theory matrix looks like without this law.

Project portfolio management and business strategy : Discuss the linkage between project portfolio management and business strategy with your organisation (current or past). Explain the problems the organisation encounters.

User Account

All Pages