What is supply schedule for a fringe firm in the long run

Assignment Help Business Economics
Reference no: EM131006516

An industry consists of a dominant firm with costs C(Qd) = Qd and 8 identical fringe firms, each with costs c(q) = 1 + q^2. Market demand is Q = 20 - p.

1. What is the supply schedule for a fringe firm in the long run? Sketch the supply. (You would need MC and AC.)

2. What is the total supply of the fringe?

3. Derive the residual demand for the dominant firm. Sketch the demand, supply of the fringe, and the residual demand.

4. Suppose, the dominant firm chooses to allow fringe to produce. What are the equilibrium price and output of each of the firms?

Reference no: EM131006516

Questions Cloud

How might your solution differ if national distribution : International Financial Reporting Standards? Include any appropriate journal entries in your response.
Considering building a new very large aircraft : In the early 1990s, Airbus and Boeing were both considering building a new Very Large Aircraft (VLA). Airbus faced this decision tree. Boeing’s decision was similar. Why did only Airbus build the VLA, the A-380? The numbers in parentheses indicate th..
Explain why the us entered world war i : Explain why the U.S. entered World War I, the impact of the war on domestic America, and the immediate effects of the peace process on American foreign relations.
What are the disadvantages of delegated legislation : What are the disadvantages of delegated legislation?
What is supply schedule for a fringe firm in the long run : An industry consists of a dominant firm with costs C(Qd) = Qd and 8 identical fringe firms, each with costs c(q) = 1 + q^2. Market demand is Q = 20 - p. What is the supply schedule for a fringe firm in the long run? Sketch the supply. (You would need..
The length of time required for a project''s discounted cash : The length of time required for a project's discounted cash flows to equal the initial cost ofthe project is called the: A.net present value. B.internal rate of return.
What do their annual reports indicate : What is the alignment of the company's Mission, Vision, Values, and Goals with Stakeholders' Interests? Which of the elements consider the goals and needs of specific stakeholder groups? I need specific examples.
What is external cost-market equilibrium and social optimum : Consider the following supply and demand schedule for a steel manufacturer: Price per ton ($) 20 40 60 80 100 120 140 160 180 Quantity Demanded (million tons) 200 180 160 140 120 100 80 60 40 Quantity Supplied (million tons) 20 60 100 140 180 220 260..
Allow the dump trucks to drive on main street : After a significant flood in 1993, during which water filled the ground floor cafeteria and came up to the gym floor, a dike to prevent a recurrence, was built around Orange High School.  An issue arose during the construction phase: TIZ: the City of..

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 using the formula for beta1 and beta0 show what will

q1. using the formula for beta1 and beta0 show what will happen to the estimator of the slope and intercept in the slr

  Uses chemicals at constant rate every day throughout year

Johnson Metal Company uses 60,000 gallons of chemicals each year. The cost of ordering the chemicals is $200 per order, and the cost of carrying the pigment in inventory is $1 per gallon per year. The Company uses chemicals at a constant rate every d..

  Give an example of company that uses consumer arbitration

There is an ongoing debate over the use of arbitration clauses in consumer contracts. Differences between arbitration and litigation include the costs charged to the parties, the speed of resolution, Give an example of a company that uses consumer ar..

  Determines the average cost function

A pure competitive star industry consists of a large number of independent firms producing a standardized product A. determines the average cost function? Define the profit function for the company that is at an equilibrium position if we know,that t..

  Four mutually exclusive states of the world

Whether the U.S. Congress press a tariff raising the cost of Japanese compute. Illustrate what are four mutually exclusive states of the world that you should be concerned about

  Monetary cooperation-flexible and for fixed exchange rates

Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates.

  Compute the selling price of only the bonds

The Mariner Company, a calendar year corporation, issued $1,000,000 of 5% bonds at a price generating a 4% yield. The bonds were dated January 1, 2006 and were issued that day. Compute the selling price of ONLY the bonds. What is the TOTAL amount of ..

  Qsuppose that in free zone the cycle presented in the

q.suppose that in free zone the cycle presented in the problem 6 the aggregate supply curve is short plasterboard cafos

  What happened during the great recession

Which of the following statements is consistent with what happened during the Great Recession? Identify whether the following statement is more likely to come from a classical economist or a Keynesian economist. “The recent decline in consumer confid..

  Q1 why might a company use an indirect cost discrimination

q1. why might a company use an indirect cost discrimination scheme versus direct cost discrimination?q2. starting with

  Why does the government intervene in the economy

Why does the government intervene in the economy? Should they and what would the impact be if they did not?

  What has presidents immediately under the principles

Illustrate what has presidents immediately under the principles of immediate wants of the nation also mandate from the people.

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