How much does each firm produce

Assignment Help Basic Computer Science
Reference no: EM132288589

Many identical firms are operating in a perfectly competitive market at its long-run equilibrium, each with T C = 40 + 20q + 0.1q 2 and MC = 20 + 0.2q. The market demand curve is QD = 5000 - 5 6 P.

(a) How much does each firm produce?

(b) What is the corresponding market price?

(c) What is the total quantity traded in the market? How many firms are present?

Reference no: EM132288589

Questions Cloud

Describe the pharmacodynamic processes : Examine Case Study: A Puerto Rican Woman With Comorbid Addiction. You will be asked to make three decisions concerning the medication to prescribe.
Find the equilibrium market price and quantity : In a perfectly competitive market, the market demand curve is given by Qd = 1000-10P d , and the market supply curve is given by Qs = 30P s .
Analysis of relevant legislation : Complex Complaints Briefing Report - Reflect customer needs you have identified and show how these needs will be satisfied through the service provided
What is recruiting and selection in the hr process : What are metrics and control measures mechanisms in marketing? What are the factors that influence consumer business purchasing?
How much does each firm produce : (a) How much does each firm produce? (b) What is the corresponding market price?
Should spacely sprockets invest in the new sprocket factory : Assume the prevailing interest rate is 5%. Should Spacely Sprockets invest in the new sprocket factory? Show your work and explain your answer.
Write a paper on diabetes including given topics : Write a 250 word (double spaced) paper on diabetes. Include the following topic heading: Epidemiology, Etiology, Symptoms.
Is this firm targeting specific strategic goals : What is the mission statement and/or vision statement of this firm? Is this firm targeting specific strategic goals?
What happens to the equilibrium quantity : Finally if the supply curve shifts to the right, what happens to the equilibrium quantity?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Makes use of information technologies and systems

Make contact with an organisation that makes use of information technologies and systems (but not University of Salford or The Manchester College).

  Determine the final temperature in the cylinder

A vertical piston-cylinder device initially contains 0.25 m3 of air at 600 kPa and 300°C. A valve connected to the cylinder is now opened, and air is allowed to escape until three-quarters of the mass leave the cylinder at which point the volume is..

  Derive a rough expression for the diameter of the network

Hence derive a rough expression for the diameter of the network in terms of C1 and C2, and so argue that configuration model networks display the small-world effect in the sense that typical geodesic distances between vertices are O(log n).

  Soa approach and the benefits of its adoption

Research an SOA approach and the benefits of its adoption. Would an SOA approach be the right approach for rebuilding the supply chain program? Provide justification as to why.

  Poor programming practice

Changing the value of a variable in a statement in which that variable is not named is generally considered poor programming practice,

  Network infrastructure layer and in user clients or browsers

Web phishing, pharming and vishing are popular web based scams. Discuss currently used tools and recommended measures to defeat this kind of attacks efficiently? Specifically focus on solutions that can be implemented at the network infrastructure..

  Discussion question-linux file system

In This Lesson, you more about the Linux filesystem structure and how to manage and administer the filesystems. In your post, respond to the following:

  How does the gap between the rich and poor

How does the gap between the rich and poor is so large that kills the American Dream?

  What is the speedup of the system with l2 cache?

computer calculate the following: (a) What is the L2 read miss penalty? (b) What is the L1 read miss penalty? (c) What is the read penalty (L1 and L2 cache)? (d) Assume 33% (1/3) loads, and everything else is ideal. What is the CPI? (e) What would th..

  Create a base class to store characteristics about a loan

Create a base class to store characteristics about a loan. Include customer details in the Loan base class such as name, loan number, and amount of loan. Define subclasses of auto loan and home loan.

  Number of comparisons using binary search

How do i use C++ to find the number of comparisons using binary Search and the sequential search algorithm as asked below.

  Convert the logical design to a physical design

An art dealer wants you to design a database. He will sell one art item to a customer in a single deal. Design a database: List Entities, present logical design, and convert the logical design to a physical design.

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