1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
almond37 [142]
3 years ago
13

The long-run supply curve for a product is horizontal with ATC = 200. Market demand is defined as P = 1,000 − 4 Q. The market is

competitive and is in long-run equilibrium with 50 firms in the industry. If demand increases to P = 1,240 − 4 Q, how many firms will be in the industry at the new long-run equilibrium?
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

65 firms will be in the industry at the new long run equilibrium

Explanation:

in the long run the P=ATC

quantity before the change is

200 = 1000-4Q

4Q = 800

Q= 200

each firm output = Q/number of firms = 200 / 50

q = 4

new quantity is

200 = 1240-4Q

4Q = 1040

Q = 260

number of firms=new Q/q

=260/4 = 65

the number of firms is 65 in the long run.

You might be interested in
which of the following describes an important difference between general partnership and limited partnerships
dexar [7]
The main difference between a general partnership and a limited partnership is that "<span>A general partnership has unlimited liability for all partners while a limited partnership has limited liability." In addition, the liability of the personal assets in a general partnership is its obligation.</span>
8 0
3 years ago
Read 2 more answers
12. What is OSHA's purpose?
asambeis [7]

Answer:

ansure safe and healthful working conditions for workers by setting and enforcing standards and by providing training, outreach, education and assistance.

Explanation:

4 0
3 years ago
Is 40 a prime number​
Nat2105 [25]

Answer: No, 40 is a composite number. :)

Explanation:

8 0
3 years ago
Later, the teaching assistant in Bob's chemistry course gives him some advice. "Based on past experience," the teaching assistan
77julia77 [94]

Answer:

1 hour working on problems, 3 hours reading

Explanation:

the question is not complete:

Bob is a hard-working college freshman. One Tuesday, he decides to work nonstop until he has answered 200 practice problems for his chemistry course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem.

Time                   Total Problems Answered       Marginal gain

8:00 AM                         0    

9:00 AM                        80                                        80

10:00 AM                     140                                        60

11:00 AM                      180                                        40

Noon                          200                                        20

Since Bob's is able to answer more than 70 questions per hours only during one hour (from 8 to 9 AM), he can benefit more from reading the next 3 hours. Reading would be equivalent to answering 210 questions, while Bob was only able to answer 120 more questions in the following 3 hours.

6 0
2 years ago
Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $82,000 of services on
frosja888 [35]

please find the attached for the answer

Download docx
5 0
2 years ago
Other questions:
  • Ezra runs a gyro stall at the local farmers' market. he would like to expand and open his own shop downtown. he has made the cha
    9·1 answer
  • Cullumber Wok Co. is expected to pay a dividend of $1.80 one year from today on its common shares. That dividend is expected to
    5·1 answer
  • In general, individuals and nations should specialize in producing goods _________ other individuals or nations.
    12·1 answer
  • Marcus has recently been asked to conduct a Feasibility Analysis for automating a process in his organization. In this regard, h
    7·1 answer
  • For July, White Corporation has budgeted production of 6,000 units. Each unit requires 0.10 direct labor-hours at a cost of $8.5
    11·1 answer
  • As discussed in the lecture video, Crocs’ plastic molding and sandal design capabilities have provided the firm with only a temp
    7·1 answer
  • What has happened with the GDP of Indonesia over the past 2 to 3 years?
    5·1 answer
  • A market economy is not based on _____.
    13·2 answers
  • Class time. Process Costing C50 points) Our company manufactures Chemical X. Assume the company uses weighted average. Separate
    10·1 answer
  • Azzura is comparing different cars and believes that the sedan has a better mix of benefits in relation to price than the sports
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!