Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In the city of Gelato the market for ice cream is perfectly competitive. Aggregate demand for ice cream is:
D(p) = 1200-25p
where p is the price for one cone of ice cream. All ice cream producers in the city have the same total cost function:
C(qi) =10qi
where qi represents the number of ice cream cones firm i produces. Assume that the market is in equilibrium.
a) Derive the firms' marginal and average cost.
b) Compute price and quantity in equilibrium.
Assume that there are 50 firms present in the market.
c) Calculate the number of ice cream cones that each firm produces. Will they produce the same quantity? Why (not)?
d) In general, is it possible that a firm in a perfectly competitive market produces at a price greater than its average cost?
The Money Creation Process is explained below: We can now study the money supply or the creation process. Suppose the government wishes to buy pencils worth Rs. 10 for the offi
Development: Economic development is the process through that a country's economy expands and improves in both qualitative and quantitative terms. Economic development requires co
duality was used in comparative static approach in assessing the direction of change on economic variables . Why do we need duality and under what condition may duality can''t be u
1- Explain how a policy mix (like the one used in 1990s) could help reduced to eliminate the budget deficit without having an adverse effect on the output. Illustrate your answer
Ask question #Minimum 500 words#
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
LANTHENOIDS
function with equation,variable,parameter
the definition of exceptional supply curve
A firm has a short-run production function defined by: Q = -. 02L 2 + 8L What is the short run demand curve for labour (L) in terms of the market wage rate (w), if
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd