subject
Business, 16.03.2020 19:12 trinidydavis

Consider a perfectly competitive market in which each firm's short-run total cost function is C 81 +9q+q2, where q is the number of units of output produced. The associated marginal cost curve is MC = 9 + 2q. In the short run each firm is willing to supply a positive amount of output at any price above S 9 (Enter your response as a real number rounded to two decimal places.) If the market price is $27, each fim will produce 9 units in the short-run. (Enter your response as a real number rounded to one decimal place.) Each firm earns a profit of S 0. (Enter your response as a real number rounded to two decimal places, and use a negative sign if the firm has a loss rather than a profit) In the long run, firms will neither enter nor exit the industry Suppose the short-run cost function given above [C 81+9q+q is the one that all firms would use in the long-run, because the corresponding SAC curve is tangent to the LAC curve at the minimum point on the LAC curve. In the long run, each firm will produceunits. (Enter your response as a real number rounded to one decimal place.)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 00:40, mmsomefood85
Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:
Answers: 3
image
Business, 22.06.2019 12:30, sloane50
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
Answers: 1
image
Business, 22.06.2019 19:00, mairadua14
12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.
Answers: 1
image
Business, 22.06.2019 22:40, songulakabulut1992
Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply
Answers: 1
You know the right answer?
Consider a perfectly competitive market in which each firm's short-run total cost function is C 81 +...

Questions in other subjects: