Perfectly competitive market with the demand function

Assignment Help Other Subject
Reference no: EM13334266

Consider the perfectly competitive market with the demand function Q(p)=1-p. Every firm has the cost function C(Q)=1/128 + Q^2/2.

A) What are the long run equilibrium price, quantity of a single firm and the industry output? How many firms are in the market?

b) What are the consumer surplus, producer surplus, and social welfare in the market?

Reference no: EM13334266

Questions Cloud

How does human resource planning relate to organizational : 1. How does human resource planning relate to organizational ?
Based econometric model on the data : Please state what data from either a company, from the internet, or from some other source which contains at least 3 independent variables and 1 dependent variable. This can be cross sectional (recommended) or time series (not recommended). Produce a..
Calculate the crankshafts angular acceleration : The crankshaft in a race car goes from rest to 3480 rpm in 2.7s. What is the crankshaft's angular acceleration
Explain what is the solubility of znco3 : What is the solubility of ZnCO3 at 25 degrees C in a buffer solution with a pH value of 10.33
Perfectly competitive market with the demand function : Consider the perfectly competitive market with the demand function Q(p)=1-p. Every firm has the cost function C(Q)=1/128 + Q^2/2. What are the long run equilibrium price, quantity of a single firm and the industry output? How many firms are in the ma..
Determine how many total revolutions has the drill turned : A dentist's drill accelerates from rest at 640rad/s2for 2.30s and then runs at constant angular velocity for 6.50s. Through how many total revolutions has the drill turned
Given that the company''s required return : Given that the company's required return (WACC) is 10%
What the value of the proximity to customers score : The factor rating method that we learned during the class, which site should Dynaco use based on the above information?
Compute the average power of the elevator motor : A 612 kg elevator starts from rest and moves upward for 4.00 s with constant acceleration until it reaches its cruising speed, 1.84 m/s. What is the average power of the elevator motor during this period

Reviews

Write a Review

Other Subject Questions & Answers

  Implement new technology in order to solve problems

Do you think most companies implement new technology in order to solve problems or because they are just seeking new ways to improve their business?

  Client barriers and software piracy

Discuss some examples where your clients may have hit barriers in the system and how you have helped them navigate through those barriers.

  Comment on the impact for healthcare consumers

Access and analyze one End User Access and License Agreement (EUALA) for a consumer or healthcare web source. Include the agreement with your analysis as an attachment. Highlight using the yellow word processing function, the health information..

  Formal forecasting techniques

Which employees in a buisness will most likely use formal forecasting techniques?

  Changing its formal employee relationship

Benjamin is a long-time key salesman for Morton and Dunderfield, a business supply company in Eastern Pennsylvania. The company decides to change its formal employer/employee relationship with all of its sales people, including Benjamin.

  Communication barriers

Choose two types of criminal justice professionals of interest to you (e.g., police officer, hostage negotiator, forensics examiner, probation officer, parole officer, prosecutor, defense attorney, correctional officer, etc.),

  International world migration patterns

What shifts have occurred in the international world migration patterns? Need 150 to 200 words in APA format with proper APA citations within the whole body of the paper, such as (author, date). Please use 1 scholarly or peer-reviewed article journal..

  Explain the concept of globalization including historical

Explain the concept of globalization including the historical, present, and future ramifications of globalization.

  Problem of food security

Identify opportunities that may exist for growth once the problem of food security is identified and well understood by the management?

  Part of the compromise of 1850-unscrupulous activities

The part of the Compromise of 1850 which seems to indicate unscrupulous activities was

  What is one important distinction-boston tea party

What is one important distinction you could not overlook making when critically evaluating the information provided in these materials about the Boston Tea Party? Clarify the importance of that distinction.

  Geometric cash-flow progression

What are the PW and FW of a 20-year geometric cash-flow progression increasing at 2% per year if the first year amount is $1,020 and the interest rate is 10% per year?

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