perfect competition, Microeconomics

Assignment Help:
demand: Qd=100=Px
supply: MC=10+1/2Qs

assume first that this firm operates in a perfectly competitive market. find the price and quanity in this market.

Related Discussions:- perfect competition

Illustrate the economic growth, Illustrate the Economic Growth Up until...

Illustrate the Economic Growth Up until 1800 growth rates of human populations were glacial. Population growth between 5000 B.C. and 1800 averaged less than one-tenth of a perc

Non-tradable, Non-Tradable:Some products can't be transported over long dis...

Non-Tradable:Some products can't be transported over long distances or otherwise sold to consumers from far-off locations. These products (including some goods as well as most serv

Discriminatory fee structure, Discriminatory Fee Structure This method...

Discriminatory Fee Structure This method discriminates between courses and the economic condition of the family to which the student belongs. The cost of providing the educati

Criticisms of world trade organisation, Criticisms of World trade organisat...

Criticisms of World trade organisation:   There are critics too of the WTO. It is believed that the WTO will emerge out destructive of biodiversity and people's livelihoods by

Approach of characterizing modern economic environment, Explain the approac...

Explain the approach of characterizing the modern economic environment. Modern economics gives various perspectives or angles to seem at real world economic issues. An economic

Revealed preference theory, Comparison of sameulson revealed preference the...

Comparison of sameulson revealed preference theory with the Hicksian revealed preference theoru

Foreign investment, Foreign investment: To attract foreign investment ...

Foreign investment: To attract foreign investment – Developing Plans are used as a means of attracting foreign investment or foreign aid.Foreign government and international o

Average level of nominal prices, Price Level:Overall average level of nomin...

Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting

Measuring economies of scale in long run, Economies and Diseconomies of Sca...

Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the

Write Your Message!

Captcha
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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd