Solve for the market equilibrium price and quantity

Assignment Help Business Management
Reference no: EM131470039

Suppose that the market demand is given by q^d = 6500-100p and the market supply is given by q^s = 1200p.

a. Solve for the market equilibrium price and quantity.

b. Solve for the consumer and producer surplus.

c. Suppose you also knew a firm's cost function to be C(q) = 722 +1/200q^2. Is the firm earning a positive of negative profit? If all firms are identical to this firm, should you expect entry of exit from this market in the long run? Why or why not?

Reference no: EM131470039

Questions Cloud

What can employers do to prevent such wrongful acts : Dr. Mind, a prominent psychiatrist at the Mensa Medical Center, a Department of Veterans Affairs (VA) Hospital, treated Ms. Puppet for anxiety and panic.
Determine the market supply function : Suppose that there are 10 identical firms in the market. Determine the market supply function. (Hint: add up along the quantity dimension)
How have the methods changed over time : Design in detail but has to include basic elements. The design has to follow from your discussion of previous research in this area (gaps etc.).
In what circumstances should court enforce covenant : Dr. Zhivago grew up in a small town in North Carolina. He was extremely intelligent and did well in college and medical school. After a fellowship in thoracic.
Solve for the market equilibrium price and quantity : Suppose that the market demand is given by q^d = 6500-100p and the market supply is given by q^s = 1200p.
Describe the behaviors in your organization : Describe the behaviors in your organization. Are these behaviors consistent with the business strategy? Where do they conflict with the strategy?
Development and adoption of the accounting software packages : HI5019 STRATEGIC INFORMATION SYSTEMS T1 2017 INDIVIDUAL ASSIGNMENT. Development and adoption of the accounting software packages
Explain aggregate demand and aggregate supply : Can someone explain aggregate demand and aggregate supply in layman's terms.
Composition of a board membership in healthcare : What is the composition of a board membership in healthcare and what are the economic challenges and incentives among health cares organizational model?

Reviews

Write a Review

Business Management Questions & Answers

  What should diversity plans include

In this assignment, you will go back to the readings in "Effective Diversity Planning" and choose one of the companies listed under the heading: "What should diversity plans include?"

  How would you describe the overall climate of the discussion

How prepared were your group members for the discussion? Did everyone participate equally in the discussion? Were group members open to different points of view? How would you describe the overall climate of discussion?

  Union pacific corporation

Perform an analysis of the social / demographic, technological, economic, environmental / geographic, and political/legal /  governmental segments to understand the general environment facing Union Pacific.

  Formulate a detailed job description for a typical cso

Responses must be a minimum of 500 words in length for each DQ. They must include material from additional sources and the sources must be properly cited in an APA References section after your DQ responses.  This is for my security management cla..

  Sexual harassment avoidance training

who asks you to come back with a strategy for dealing with the resistance to training. Develop your response and present it in your discussion forum.

  System of internal controls

Advise the President of what the company is doing wrong (they are definitely doing some things poorly). Please be sure to include the internal control principle that is being violated along with a recommendation for improvement.

  Service request create a benefits election system

The different project for this course is in the form of a Service Request from Huffman Trucking. It is essential for the student to access Service Request Create a Benefits Election System.

  Profile on meditech electronic medical record

In 500 words write a Business and Industry profile on Meditech Electronic Medical Record Prepare this assignment according to the APA Style.Plagiarism MUST be less than 10%.

  Comprehensive overview of the nibrs program

Suppose your supervisor has asked you to make an article for the next issue of the Criminal Justice Technology Quarterly on the National Incident Based Reporting System.

  Complex business with a portfolio of activities

Can you help me write a journal. There are the request: How diversified are you? Think of yourself as a complex business with a portfolio of activities... Are you leading a planned strategy, or just a follower?

  Create analysis to include fixed costs and step-fixed costs

Carry out the cost analysis to include fixed costs, step-fixed costs and variable costs. Write down the challenges in managing budget?

  Create a customer communication plan

In a 2-page paper, you are to create a customer communication plan that addresses the following:

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