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wel
2 years ago
11

Consider a monopolistically competitive market with N firms. Each firm's business opportunities are described by the following e

quations: Demand: Q=160N−P Marginal Revenue: MR=160N−4Q Total Cost: TC=150+Q2 Marginal Cost: MC=4Q How many units does each firm produce?
Business
1 answer:
Stella [2.4K]2 years ago
8 0

Answer:

Each firm will produce 20 ÷ N units

Explanation:

Given that

Q = 160N − P

MR = 160N − 4Q

TC = 150 + Q2

MC = 4Q

The computation of the number of units that each firm produce is as follows:-

MR = MC

where

MR = 160N − 4Q

And MC = 4Q

Now we equate

So, the equation is

160 ÷ N - 4Q = 4Q

160 ÷ N = 8Q

Q = 160 ÷ 8N

Q = 20 ÷ N

So, each firm will produce 20 ÷ N units.

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disposable income (billions of dollars per year) total consumption (billions of dollars per year) $ 0 $ 50 200 210(table 9.1) wh
katovenus [111]

C = 50 + 0.8Y is the consumption function that is consistent with the provided data. The MPC is determined by subtracting the change in consumption from the change in disposable income, which equals 160/200, or 0.8.

Marginal propensity calculation.

$200 billion less $0 billion equals $200 billion in changes to disposable income.

Consumption change equals $210 minus $50, or $160 billion.

MPC = Change in Consumption/Change in Disposable Income, which equals $160 billion/$200 billion and is equal to 0.8.

There is a 0.8 marginal tendency to consume.

Step 2

This is how consumption function is defined.

C = a + bY

Where,

a = Consumption at zero income level

b = MPC

In given case,

$50 billion would be consumed at a level of income zero.

MPC is 0.8

So,

C = 50 + 0.8Y is the consumption function that matches the provided data.

To learn more about consumption function

brainly.com/question/14975005

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4 0
10 months ago
what you would do if, in an interview for a merit position, you were asked your political party affiliation. What would you do i
Igoryamba

Answer:

1. Political affiliation is a right for any human being then you should show the command of the position you are applying to instead of agreement to political views.

2. That is information that is detailed in your Curriculum Vitae.

3. You could state that you are not any under obligation to disclaim your political party affiliation.

4. As the objective is to select the candidate that fits the challenges of the position but nobody is ever a perfect match for a job as interest such as salary, schedule, are open to negotiation

Explanation:

7 0
2 years ago
To prevent loss of work on the computer, it is essential to:
Aneli [31]

Answer:

B. save your document frequently

Explanation:

Saving your documents time to time will prevent loss of work on computer which could be possible due to different reasons like electricity off, some wiring issue  or even hardware/software of computer could be hanged.

So saving frequently can save your work also it is best practice to save in different name so that older history is maintained.

New solution to these problems are using cloud based documents those auto save your work and also maintain history.

4 0
3 years ago
Read 2 more answers
On August 31, Planar Corp. exchanged 100,000 shares of its $40 par value common stock for all of the net assets of Sistrock Co.
vlada-n [284]

Answer:

$7,200,000

Explanation:

Calculation to determine At what amount should Planar record the acquisition of Sistrock's net assets

Using this formula

Acquisition of Sistrock's net assets =(Shares of common stock issued ×Common stock fair value per share

Let plug in the formula

Acquisition of Sistrock's net assets=100,000*$72

Acquisition of Sistrock's net assets=$7,200,000

Therefore the amount that Planar should record the acquisition of Sistrock's net assets is $7,200,000

3 0
2 years ago
Kab works hand-in-hand with the usda people's garden initiative, which:
LenaWriter [7]
<span>It's an initiative by the United States Department of Agriculture to create School gardens, community gardens, urban farms, and small-scale agriculture projects in rural and urban areas, to benefit the community itself and help achieve sustainable development.</span>
7 0
3 years ago
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