User Account

All Pages

Find the long run equilibrium price for this good

Assignment Help Microeconomics
Reference no: EM13877315

A firm operating in a competitive market has the following long run total cost function TC = Q3- 24Q2+ 200Q. Find the long run equilibrium price for this good.

Reference no: EM13877315

Questions Cloud

What is the efficient level of milk production : What is the efficient level of milk production and Show on the graph the total surplus associated with efficient production. Show the consumer surplus that would result under monopoly.
Prepare an income statement for the month ended january : Prepare an Income Statement for the month ended January 31, 2015, using unadjusted balances from requirement 4. Prepare a Statement of Retained Earnings for the month ended January 31, 2015, using the beginning balance given above and the net income ..
Understanding of patient safety standards and practices : Why is it important that health professionals share a common understanding of patient safety standards and practices? What are the policy implications from accepting that "mistakes are normal and all human err"?
What is the profit-maximizing quantity : Indicate on your graph the competitive output and price. Does the public think too much, not enough, or just the right amount of canned cantaloupe is being produced? Explain.
Find the long run equilibrium price for this good : A firm operating in a competitive market has the following long run total cost function TC = Q3- 24Q2+ 200Q Find the long run equilibrium price for this good.
Determine manufacturing cycle efficiency for recent month : Determine the manufacturing cycle efficiency (MCE) for the recent month. What can you infer from the MCE you calculated?
Compute the dipole moment : If an externally applied electric field produces a 5% expansion of the lattice, compute the dipole moment for each Na+-Cl- pair. Assume that this material is completely unpolarized in the absence of an electric field.
The use of one learning pattern to another : 1. A person who can feel themselves shifting from the use of one Learning Pattern to another is a(n)        Dynamic learner.        Bridge learner.
What is the firm''s revenue maximizing output, price : A monopolistically competitive firm has a short run production function given by Q = 2L0.5 Assume the wage rate is $10, the firm's fixed cost is 500, and demand for the firm's output is P = 600 - 3Q Suppose the firm's goal is to maximize its sales ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Trade restrictions effects on exchange rates

Trade Restrictions Effects on Exchange Rates. Suppose that the Japanese government relaxes its controls on imports through Japanese firm.

  What happens to the equilibrium quantity

The U.S. government offers significant per unit subsidy payments to U.S. sugar growers. Describe the effects of the introduction of such subsidies on the market for sugar and themarket for artificial sweeteners. Explain whether the demand curve (D..

  Calculate price elasticity of demand for subway rides if

the subway fare in your town has just been increased from a current level of 50 cent to 1.00 per ride. as a result the

  Describe the market structure of perfect competition

describe the market structure of perfect competition in terms of number of producers, control over price by firms in this market, type of product in terms of differentiation, barriers to entry into this market, and whether economic profit can be..

  Compute resulting equilibrium price quantity combination

two firms produce differentiated products and set prices to maximize their individual profits. demand functions for the

  Using supply and demand analysis

Using supply and demand analysis, show graphically and explain verbally some of the factors that may have led to rising health care costs in the United States from 1960 to the present day.

  Online library for a recent case of antitrust investigation

Research authoritative articles using the news and the DeVry Online Library for a recent case of antitrust investigation.

  The winter city ski resort caters to both out-of-town

1. The Winter City Ski Resort caters to both out-of-town skiers and local skiers. The demandfor ski tickets for each market segment is independent of the other market segment. Themarginal cost of servicing a skier of either type is $10. Suppose the d..

  Good aliens corporation we make good product we have good

good aliens corporation we make good product we have good machines it is all good good aliens corporations a famous

  Which is the most desirable alternative

Two hazardous environment facilities are being evaluated, with the projected life of each facility being 10 years. The cash flows for each facility are shown in the table below.The company uses a MARR of 14%. Based on the rate of return, which is t..

  What are financial markets and what purposes do they serve

your niece just started her college career with a major in economics. she is curious as to the interrelationship

  Why are first and second-degree price discrimination

(a) Why are first and second-degree price discrimination less common than third-degree price discrimination? (b) Are lower airline fares at midweek an example of third-degree price discrimination?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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