User Account

All Pages

What will the equilibrium price

Assignment Help Macroeconomics
Reference no: EM131111138

Now assume there are 500 identical firms in this industry, that they have identical cost data as the firm above, and that the industry demand schedule is as follows:

Price

Quantity Demanded

$72

2500

52

3500

45

4000

28

5200

22

5900

15

6700

(a) What will the equilibrium price be?

(b) What will the equilibrium output for each firm be?

(c) What will profit or loss be per unit?

(d) What will profit or loss be per firm?

Reference no: EM131111138

Questions Cloud

Operating efficiency of the package-sorting departments : Air Express, an overnight mail service, is concerned about the operating efficiency of the package-sorting departments at its Toledo, Ohio, terminal.
How should the training be structured and delivered : Performance Appraisal Plan: You should describe how the job performance of an employee performing the Job Title would be evaluated. What aspects of the job performance should be included in the performance appraisal for the Job Title? How should e..
Textbooks in two markets : Assume you inherit 40 copies of the textbook for ECON 3125. You plan to sell these textbooks in two markets: directly to students on campus, and sell them online on ebay.
Construct an r-chart for the nursing care process : A hospital has used control charts continuously since 1978 to monitor the quality of its nursing care. A set of 363 scoring criteria, or standards, are applied at critical points in the patients' stay to determine whether the patients are rece..
What will the equilibrium price : (a) What will the equilibrium price be? (b) What will the equilibrium output for each firm be? (c) What will profit or loss be per unit?
What is the value of the lower-right entry : what is the value of the lower-right entry in the reflection matrix and what is the gradient of the eigenline that corresponds to eigenvalue h?
A p-chart for this manufacturing process : A company that manufactures plastic molded parts believes it is producing an unusually large number of defects. To investigate this suspicion, each shift drew seven random samples of 200 parts, visually inspected each part to determine whether it ..
Regression results estimating game attendance : Compute estimated attendance for a Sunday game, during week 3, with an average ticket price of $40, if the team's winning percentage is 100%.
The inverse demand function : Q1. There are two firms (firm 1 and 2) competing in quantity. Firm 1 and 2 set their quantities supplied, q1 and q2, respectively. The production costs are zero.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What will happen to the equilibrium interest rate

Illustrate the following situations using supply and demand curves for money. No graph needed only state what will happen to the supply and/ or demand curves for money and what will happen to the equilibrium interest rate.

  What are the less conventional monetary policy tools

If the policy interest rate is near zero, what less conventional monetary policy tools might a central bank use to stimulate the economy? How do these tools work? In what way is central banking in the euro-zone area different from or similar to th..

  Write a few lines relating the following concepts

If the real interest rate is less than the growth rate of output, explain why governments can run a deficit yet not have to worry about the size of their debt.

  Elucidate do labor unions have a role to play today

Elucidate do labor unions have a role to play today. How important is this role.

  What is the goal of creating a brand name

What is the role of advertising in each of the four market structures? As you answer these questions, illustrate your points with original examples.

  Microeconomic project - country is costa rica company nike

microeconomic project - country is costa rica company nike 8-10 pages macroeconomic forces and policy decisions

  Clinic profit-maximizing price

a. What is the clinic's profit-maximizing price? b. How would the profit-maximizing price change if overhead costs doubled?

  Economists also businesses almost always compare costs

Economists also businesses almost always compare costs and benefits in their decision making.

  Computation of parity price

If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.

  Hwo to decide what the best level of emission reduction

1. what two policies could you use to reduce the total amount of emissions 2. why do you think each would work 3. what would the benefits of each action be (besides emissions reduction) 4. what would the cost of each action be

  You are an economic adviser to a candidate for national

You are an economic adviser to a candidate for national office. She asks you for a summary of the economic consequences of a balanced-budget rule for the federal government and for your recommendation on whether she should support such a rule. How do..

  Major channels of monetary policy transmission

Discuss three major channels of monetary policy transmission. Explain why transmission could remain incomplete.

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