Deduce the firms short-run supply equation find out the

Assignment Help Microeconomics
Reference no: EM13389356

In a competitive industry, the short-run average variable cost (AVC) of a firm is:

AVC = 600 - 20Q - 0.5Q2

a. Derive the firm's short-run supply equation

b. Determine the minimum possible price (shut-down price) for the firm.

Reference no: EM13389356

Questions Cloud

Determine optimal output and price and its profit because : a small tractor producing firms total cost and demand equations are as followsc 37500000 5000q 1.5q2p 30000 - qa.
Please select 4 companies and summarize similarities and : please select 4 companies and summarize the similarities and differences in reporting the financial performance and the
A senior financial analyst with ace gadgets ag is : a senior financial analyst with ace gadgets ag is attempting to get a better grasp on sales forecasting for agrsquos
Choose a business forecasting method qualitative or : describe how lean production principles may be used to maximize the efficiency and effectiveness of the electric fan
Deduce the firms short-run supply equation find out the : in a competitive industry the short-run average variable cost avc of a firm isavc 600 - 20q - 0.5q2a. derive the firms
Describe the lower of cost or market method of evaluating : explain the lower of cost or market method of evaluating inventory. give an example of when lcm would be used. what is
Potential advantages and challenges related with : write a 1400- to 1750-word paper on essential communication in a community crisis situation described in the
Uing the ethical criteria introduced is the creating and : read case study vidding -- free expression or copyright piracy? at the end of chapter 13 in your text. in one to two
Find out riordans manufacturing strategy chase level or : determine riordans manufacturing strategy chase level or combination and explain its benefitscreate a process flow

Reviews

Write a Review

Microeconomics Questions & Answers

  Calculate the deadweight loss associated with market

Calculate the deadweight loss (i.e., the welfare loss) associated with this market being monopolistic and calculate the difference in consumer surplus under perfect competition compared to monopoly.

  1 what is the regulation or statute for2 who does the act

1. what is the regulation or statute for?2. who does the act protect?3. what are the consequences for violating it?4.

  Monopoly-oligopoly-competition-innovation and profits

Among the 4 principal market structure models, monopoly and oligopoly offer best opportunities for the firm to earn economic profits in the long run. What are some strategies for firm which is earning economic profits to legally sustain them over ..

  Define the economic profits of the drug dealer

particularly on the retail end where drug dealers sell the drug to consumers in the U.S. What would you predict would happen to the economic profits of the drug dealer? Suppose the family in South America form a cartel What is the result of the ca..

  A risk-averse expected-utility maximizer

Which the vaccine reduces the probability of catching the disease (what is usually reported in the press), or the absolute amount.

  Indicate original equilibrium price and equilibrium quantity

In the 1970s, the United States experienced periods of severe gasoline shortages due to OPEC policy and unrest in the Middle East. The price of gasoline increased as a result of these shortages.

  How to give lower prices to a consumer

At higher prices, a larger quantity will generally be supplied than at lowerprices, all other things held constant. At lower prices, a smaller quantity willgenerally be supplied than at higher prices, all other things held constant.

  How market affected in terms of prices and quantities

With use of a graph, explain how these two programs affect cigarette consumption and explain the combined effect of these two programs on the price of cigarettes.

  What is the monopolist marginal revenue function

What is the monopolist marginal revenue function and find the monopolist profit maximizing quantity and price and the deadweight loss of the monopolist.

  Consider a country called hitech where new arrangements for

consider a country called hitech where new arrangements for making payments such as credit cards and atms have been

  Analyze the risks involved in the foreign-exchange market

Analyze the risks involved in the foreign-exchange market and create a list of best practices that almost any organization conducting international business would find valuable.

  Researchers have estimated the long run demand elasticity

Researchers have estimated the long run demand elasticity for almonds is -0.47, and the long run supply elasticity is 12.0. The short run demand elasticity for almonds is -0.30

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