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
soldier1979 [14.2K]
3 years ago
6

Suppose an industry has 100 firms, each with a supply curve P = 50 + 10Q . Furthermore, suppose the market demand curve is given

by P = 200 - 0.9Q . a. What is the industry supply curve? b. What is the equilibrium price and quantity for this market? c. How many units of output will be produced by a firm operating in this market with a marginal cost function, MC = 130Q
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
8 0

Answer: See explanation

Explanation:

The industry supply curve will be the supply curve given multiplied by the total number of firms. This will be:

P = 50 + 0.1Q

Check: since Q = 100

P = 50 + 10/100Q

P = 50 + 0.1Q

To get the Equilibrium price and quantity, we've to equate the market demand curve and supply. This will be:

Market demand = P = 200 - 0.9Q

Market Supply = P = 50 + 0.1Q

Therefore,

200 - 0.9Q = 50 + 0.1Q

200 - 50 = 0.1Q + 0.9Q

150 = Q

Equilibrium quantity = 150 units

Since P = 50 + 0.1Q

P = 50 + 0.1(150)

P = 50 + 15

P = 65

Equilibrium price is 65.

The units of output that will be produced by a firm operating in this market with a marginal cost function, MC = 130Q will be 2.

You might be interested in
What happens if you get pulled over without insurance?.
ehidna [41]

Answer:

It depends on which state you are in. In Michigan if you operate a motor vehicle on state roadways and you don't have car insurance, you could face the following: Driver's license and registration suspension. Up to one year in jail. Fines and fees up to $500.

Explanation:

4 0
1 year ago
Roberts Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $
taurus [48]

Answer:

The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

Explanation:

Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance

Allowance for Uncollectible Accounts = $1,000 + $1,100

Allowance for Uncollectible Accounts = $2,100

So, The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

3 0
3 years ago
Brenda, a job applicant at Trade Winds Corp., discovers that the job she is applying for requires her to be a union member befor
Inessa [10]

Based on the information given, it can be deduced that Trade Winds Corp. has a closed shop arrangement.

A closed shop arrangement simply means a place of work where all the employees gave to belong to an agreed trade union.

Under this condition, an employer will only employ the people that are to be part of the trade union. Therefore, it can be seen that Trade Winds Corp. has a closed shop arrangement.

Learn more about trade union on:

brainly.com/question/366179

6 0
2 years ago
You will need to unplug your tools:
cupoosta [38]

You will need to unplug your tools “when changing accessories such as blades, bits, and cutters”.

Hand tools are devices that are controlled physically. Hand devices incorporate anything from axes to torques. The hazards postured by hand apparatuses result from abuse and ill-advised support. Unplug or disconnect tools when not utilizing them, before overhauling and cleaning them, and while changing accessories, for example, sharp edges, bits, and cutters.

8 0
3 years ago
Read 2 more answers
Fred is a new employee who has been assigned to your team. This is the first time Fred has worked in your country. Aware that he
kotykmax [81]

Answer:

4.Teach Fred about how decisions are made and communicated, as well as how conflict is handled.

Explanation:

Cultural differences are an important topic when it comes to adjusting to a new workplace. However, no matter how much the new employee knows about a specific culture, it is up to the manager or team leader to help him adjust.

The most effective way to help him is by teaching him <em>how decisions are made and conflict is handled</em>, in a straightforward manner. Since Fred is working in a team and not individually, it is essential for him to learn the basics of conflict management, as conflict handling varies immensely from country to country.

The same is applicable for decision making. He could not know the decision making practice in his new environment upfront. Some environments may encourage a more liberal way of making decisions, while some propose a strict protocol when it comes to making even the most trivial decisions.

Of course, checking him periodically and making sure he knows you're there for him are practices that can do only good. However, they are not critical for the issue.

4 0
3 years ago
Other questions:
  • Tom oversees the logistics department for a holiday resort in Virginia. He has created a plan to bring in customers directly fro
    5·2 answers
  • Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if
    13·1 answer
  • The condition of a country's ____ depends on its people's ability to exchange money for goods and services.
    14·2 answers
  • Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with
    11·1 answer
  • Cumulative preferred stock means the stock is entitled to its regular dividend plus an additional share of the total amount of d
    11·1 answer
  • Economists who asset that the AS curve is vertical believe that changes in Real GDP originate only on the _____________of the ec
    9·1 answer
  • Why might a business conduct a life cycle assessment?
    6·1 answer
  • Why do companies have to study their environtment first before venturing into new businesses ?
    7·2 answers
  • Why is it so difficult to integrate all your ebusiness software into something that makes sense. Give examples and possible opti
    13·1 answer
  • g which type of stocks will likely have the most price movement? stocks with very consistent earnings stocks with frequent chang
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!