Use the orange points (square symbol) to plot the initial short-run industry supply curve when there are 20 firms in the market.
(Hint: You can disregard the portion of the supply curve that corresponds to prices where there is no output since this is the industry supply curve.) Next, use the purple points (diamond symbol) to plot the short-run industry supply curve when there are 30 firms. Finally, use the green points (triangle symbol) to plot the short-run industry supply curve when there are 40 firms.
1 answer:
You might be interested in
Answer:
(a) Yes
(b) 102.8 ft
Explanation:
(a)First let convert mile per hour to feet per second
30 mph = 30 * 5280 / 3600 = 44 ft/s
The time it takes for this driver to decelerate comfortably to 0 speed is
t = v / a = 44 / 10 = 4.4 (s)
given that it also takes 1.5 seconds for the driver reaction, the total time she would need is 5.9 seconds. Therefore, if the yellow light was on for 4 seconds, that's not enough time and the dilemma zone would exist.
(b) At this rate the distance covered by the driver is
Since the intersection is only 60 feet wide, the dilemma zone must be
162.8 - 60 = 102.8 ft