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 is the difference between federal and private loans.
MArishka [77]

Answer:

federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions.

Explanation:

3 0
2 years ago
A marketing manager instructs his team to make 80 telephone calls to attempt to sell an insurance policy. The random variable in
Serggg [28]

Answer:

A) discrete random variable.

Explanation:

Discrete random variables can assume only a finite number of values, and their combined total probabilities must equal 1.

On the other hand, continuous random variables can take any value with an interval or collection of intervals, which means that the possible values are infinite.

A complex random variable is a combination of two real random variables that have rel and imaginary parts.

8 0
2 years ago
Liz planned on opening a handmade quilt business in her hometown. However, after completing a/an _______, she decided to start w
Hatshy [7]
Either B or D. A and C do not make sense. I think it is B, but i do not know
5 0
3 years ago
Read 2 more answers
. Qiang, an Asian employee, working at Rapid Fire Inc., is terminated on the grounds that he is homosexual. He wants to file a d
erica [24]

Answer:

he was discriminated solely based on his sexual orientation.

Explanation:

The Title VII of the Civil Rights Act of 1964 stated that all employers in united states are prohibited to discriminate their employees based on race, religion, gender, national origin, and sexual orientation.

You do not need to be married for your sexual orientation to be acknowledged by the The Title VII of the Civil Rights Act of 1964  . You just need to proof that any of the factors above are the reason why you're discriminated against.

In Qiang case, he could tried to find witness by talking to other employees or find a recorded email/messages that indicates his boss mistreatment toward him. If there are enough employees who came out as witnesses, he could build a strong enough case to gain support in the court.

5 0
3 years ago
Noncash assets are expected to produce cash over time but the amount of cash they eventually produce could be higher or lower th
Gre4nikov [31]

Answer:

Correct answer is TRUE

Explanation:

Non-cash assets are expected to produce cash over time but the amount of cash they eventually produce could be higher or lower than the values at which the assets are carried on the books. Some factors that affects the value of non-cash assets are the general economic forces such as inflation or deflation, amortization or impairement itself of the assets. It maybe realized at favorable side (gain) or unfavorable (loss) side.

3 0
3 years ago
Other questions:
  • In the presence of​ shortages, why would a​ firm, such as a restaurant with people waiting for a table or a theater with people
    11·1 answer
  • What is a panel discussion
    12·1 answer
  • Which goods would be included in the calculation of GDP
    13·1 answer
  • Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $480,000, va
    9·1 answer
  • Which is a quality of an effective reward incentive?
    12·2 answers
  • LinkedIn is an example of a(n).<br> app?
    8·1 answer
  • Which job in the Finance career pathway is best for someone with knowledge of risk factors for insurance claims?
    15·2 answers
  • Rowan Co. purchases 200 common shares (40%) of JBI Corp. as a long-term investment for $600,000 cash on July 1. JBI Corp. paid $
    9·1 answer
  • Who is responsible for governing a condominium?
    5·1 answer
  • he mold can be reused to make additional whales, and so additional whales cost $5,000 each. based on these numbers, the average
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!