Info I found from answers I got for other questions:
MC=q/500; AC=q/1000+9000/q; Firm size that minimizes average cost-->q=3000; Long Run Price-->P=AC=$6; Equilibrium quantity of pickles consumed=30,000; number of canaries in the industry=10; short-run supply-->q=500P
A) What is the quantity of pickles consumed in the short run?
Homework Answers
The number of canneries which will lead to the optimum average cost is d(AC)/dq=1/1000-9000/q^2
Equating it to 0, we get q^2=9, so q=3
That means the numbers are given in thousands. (As, 3000=3x1000)
Since the number of canaries is 10, in the short run, everything will be consumed. Thus, the quantity will be 10x1000=10,000
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Info I found from answers I got for other questions: MC=q/500; AC=q/1000+9000/q; Firm size that minimizes...
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CAN YOU PLEASE EXPLAIN HWO YOU GOT EVERYTHING FOR THE GRAPH AND DISREGUARD WHATS WRITTEN IN PENCI...
CAN YOU PLEASE EXPLAIN HWO YOU GOT EVERYTHING FOR THE GRAPH AND
DISREGUARD WHATS WRITTEN IN PENCIL THANK YOU
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this is all the info given. theres no other info given. Perfect Competition and the Supply...
this is all the info given. theres no other info given.
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I ONLY NEED HELP WITH "C". I PUT THE OTHER STUFF UP HERE IN CASE THE BACKGROUND INFO WAS NEEDED ...
I ONLY NEED HELP WITH "C". I PUT THE OTHER STUFF UP HERE IN CASE
THE BACKGROUND INFO WAS NEEDED
I know that the answer is here. What I need help with isn't so
much getting the answer as it is understanding how they got the
answer.
1. Where did they find the TC' from? Also, where did the
(qs^2)/8 come from? Where did that first TC equation come from in
general? I'm looking for its origins in the question,...
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CAN YOU PLEASE EXPLAIN HWO YOU GOT EVERYTHING FOR THE GRAPH AND
DISREGUARD WHATS WRITTEN IN PENCIL THANK YOU
24. A perfectly competitive industry is composed of 200 identical firms. Each firm has the following cost schedules: q TC VC FC ATC AVC MC 10 20 IS 6.6 z0 10 20 30 50 80 120 170 4 28.3 a) Complete the preceding Table. b) Assuming that the market price is p 30, what is the quantity produced by each firm...
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this is all the info given. theres no other info given.
Perfect Competition and the Supply Curve - Work It Out: Question 5 of 5 Suppose that the price at which Kate can sell catered meals is $13 per meal. In the short-run, how many meals should Kate produce? Kate should shut down in the short-run and shut down in the long run. Perfect Competition and the Supply Curve - Work It Out: Question 5 of 5 Suppose that the...
I ONLY NEED HELP WITH "C". I PUT THE OTHER STUFF UP HERE IN CASE
THE BACKGROUND INFO WAS NEEDED
I know that the answer is here. What I need help with isn't so
much getting the answer as it is understanding how they got the
answer.
1. Where did they find the TC' from? Also, where did the
(qs^2)/8 come from? Where did that first TC equation come from in
general? I'm looking for its origins in the question,...
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