Find the short run equilibrium price-market quantity

Assignment Help Business Economics
Reference no: EM131075084

There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q)=10q^2+200q+7000. The market demand is P= -4QD+3000.

a) Find the short run equilibrium price, market quantity, and firm quantity.

Reference no: EM131075084

Questions Cloud

Compute the elasticity of demand : The Physics Club sells E = mc2 T-shirts at the local flea market. Unfortunately, the club's previous administration has been losing money for years, so you decide to do an analysis of the sales. A quadratic regression based on old sales data reveals ..
Disparity of virginia budget allocation : Examine and evaluate the disparity of Virginia's budget allocation for education and property tax to the various localities. Based on your assessment, challenge or defend the equity of the system across the various localities.
Capital investment level : At what point will its WACC move from one level to the next, based upon the need to issue new common shares, assuming it adheres to its target capital structure? At what total capital investment level? Show your answer inmillions of dollars with o..
Is there a history of chronic illness in your family : Is there a history of chronic illness in your family?
Find the short run equilibrium price-market quantity : There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q)=10q^2+200q+7000. The market demand is P= -4QD+3000. Find the short run equilibrium price, market quantity, and firm quantity.
Retrenchment of two employees : The retrenchment of two employees in March cost the company 33 000 The ending cash balance on 31 Dec 2013 is 10 000. Prepare a cash budget for the months of Jan, Feb and March.
Articulate the null hypothesis and alternative hypothesis : Include a definition of the specified variables (predictor, outcome) and corresponding scales of measurement. Specify the sample size of the data set.
Explain how the break-even point can fluctuate : Explain how the break-even point can fluctuate. As the financial manager of your business, discuss why it is important to monitor the break-even point?
The theorist contributes to nursing today : 1. Presentation must have references from a reliable source (i.e., .gov, .org, .edu) or text - at least 3, 2. Research information must be accurate

Reviews

Write a Review

 

Business Economics Questions & Answers

  How many months will it take to pay for the building

A building is priced at $125,000. If a down payment of $25,000 is made and a payment of $1,200 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 9% compounded monthly.

  Cause an increase in the supply of good

Which of the following will not cause an increase in the supply of good X? A. a decrease in the price of inputs used to produce good X B. an improvement in the technology used to produce good X C. an increase in the number of firms that produce good ..

  The economic principle that consumers are willing to consume

The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:

  1 small mistakes are the stepping stones to large failures

1. small mistakes are the stepping stones to large failures. how might this saying apply to this lesson as well as do

  Evaluate one of the strategies of the federal reserve

Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.

  Lowest share she would accept to manage the firm

Clare manages a piano store. Her utility function is given by Utility = w − 100 where w is the total of all moentary payments to her and 100 represents the cost to her of the effort of running the sotre. What would be the lowest share she would accep..

  Discuss in terms of appropriate economic models

On the grounds of economic efficiency, do you think such a proposal to raise taxes on gun and ammunition sales worthy of attention? Discuss in terms of appropriate economic models

  Expenditure and product approaches

Compute US GDP using the income, expenditure and product approaches. Clearly show and explain all steps used for each approach. In particular, for each item that you add up, specify under which specific category it falls.

  Consider restricting foreign investment

Because real investment by foreigners expands a country’s capital stock and hence presumably its output and income, why should any country consider restricting foreign investment?

  Calculate growth rate of nominal GDP and constant GDP

Calculate the growth rate of nominal GDP and constant GDP for the period 1985-1995. Calculate the growth rate of nominal GDP and constant GDP per capita for the period 1985-1995. What is the current GNP in 1985 and 1995? calculate the growth rate of ..

  Level of output that creates deadweight loss

Discuss why the monopolist chooses a level of output that creates deadweight loss, and whether the level of output is equilibrium. Include an illustration of your numerical example, and refer to it throughout your discussion.

  Make a business plan of a mini golf

Make a business plan of a mini golf, with actual real numbers and information, like i was going to build one

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