User Account

All Pages

Supply equation and the market supply equation.

Assignment Help Mathematics
Reference no: EM13805165

1. In a competitive market, there are 8 firms, each with total cost given by: TC = Q^2+100

a. Derive the firm's long-run supply equation and the market supply equation.

b. Market demand is given by Q = 120 - P. Determine the equilibrium price and total output in the market. What is each firm's output and economic profit?

c. In the long-run, is the number of firms likely to increase or to decrease?

Reference no: EM13805165

Questions Cloud

Testing the reliability of test issues : How would you test the reliability of your test? How would you assess the validity?
Is international relations a science or an art : To what extent can we speak of a coherent theory of Liberalism in International Relations. DoesKeohane and Nye's notion of complex interdependenceprovide us with a sound explanation of contermporary International Relations
Cryptography problem : Alice, Bob, and Carol want to use secret key cryptography to authenticate each other. Compare the security of having a single shared secret that they all share, with the security of having each of them use their own secret
Write a report on mobile application in hospitality industry : Write a report on Mobile applications in the hospitality industry.
Supply equation and the market supply equation. : Derive the firm's long-run supply equation and the market supply equation.
Calculate theoretical cycle efficiency : Calculate the indicted power, the brake power, the brake thermal efficiency and Calculate theoretical cycle efficiency.
Complementary and alternative medicine : Complementary and Alternative Medicine
Future success of the company : Because you are working together as a team, it is seen by the ownership that if one is successful, you are all successful. Likewise, if one fails, you all fail. The future success of the company is dependent on your mutual success.
Describe and analyze the conditions and elements of treaty : describe and analyze the conditions and elements of the treaty. describe and analyze the conditions and elements of the treaty in relation to the current security of the United States

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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