The graph below summarizes the demand and costs for a firm that operates in a monopolistically competitive market. Instructions:
1 answer:
The summary of the demand and costs for a firm that operates in a monopolistically competitive market.
- 1) 7 units at MC=MR
- 2) $ 130 D value at 7 unit
- 3)
ATC values are at q=7
Generally, the equation In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its reaction to supply and demand changes as seen by the supply curve, which depicts the amount of a good
In conclusion, the summary of the demand and costs for a firm that operates in a monopolistically competitive market.
1) 7 units at MC=MR
2) $ 130 D value at 7 unit
3)
ATC values are at q=7
Complete question
The graph of the question is attached below
Read more about the competitive market.
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The coefficients for the binomial expansion of (a + b)³ are 1, 3, 3, 1.
We have,
The binomial expansion (a + b)³,
So,
Now,
We know that,
Formula for binomial expansion,
i.e.
(u + v)ⁿ = ⁿC₀ · uⁿ · v⁰ + ⁿC₁ · uⁿ⁻¹ · v¹ + ⁿC₂ · uⁿ⁻² · v² + ⁿC₃ · uⁿ⁻³ · v³
Now,
According to the question,
Here,
u = a,
v = b,
And, n =3
Now,
Putting values,
i.e.
(a + b)³ = ³C₀ · a³ · b⁰ + ³C₁ · a³⁻¹ · b¹ + ³C₂ · a³⁻² · b² + ³C₃ · a³⁻³ · b³
We get,
(a + b)³ = ³C₀ · a³ · b⁰ + ³C₁ · a² · b¹ + ³C₂ · a¹ · b² + ³C₃ · a⁰ · b³
Now,
Using combination formula,
On solving we get,
(a + b)³ = a³ + 3 a² b + 3 a b² + b³
So,
Now,
The coefficients of :
a³ = 1,
3a²b = 3,
3ab² = 3,
b³ = 1,
So,
The coefficients of the given binomial expansion are 1, 3, 3, 1.
Hence we can say that the coefficients for the binomial expansion of (a + b)³ are 1, 3, 3, 1.
Learn more about binomial expansion here
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