subject
Business, 16.03.2020 19:12 trinidydavis

Consider a perfectly competitive market in which each firm's short-run total cost function is C 81 +9q+q2, where q is the number of units of output produced. The associated marginal cost curve is MC = 9 + 2q. In the short run each firm is willing to supply a positive amount of output at any price above S 9 (Enter your response as a real number rounded to two decimal places.) If the market price is $27, each fim will produce 9 units in the short-run. (Enter your response as a real number rounded to one decimal place.) Each firm earns a profit of S 0. (Enter your response as a real number rounded to two decimal places, and use a negative sign if the firm has a loss rather than a profit) In the long run, firms will neither enter nor exit the industry Suppose the short-run cost function given above [C 81+9q+q is the one that all firms would use in the long-run, because the corresponding SAC curve is tangent to the LAC curve at the minimum point on the LAC curve. In the long run, each firm will produceunits. (Enter your response as a real number rounded to one decimal place.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:00
Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?
Answers: 1
question
Business, 22.06.2019 12:00
Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.
Answers: 2
question
Business, 22.06.2019 18:00
If you would like to ask a question you will have to spend some points
Answers: 1
question
Business, 22.06.2019 22:00
Acontinental polar air mass foms where
Answers: 1
You know the right answer?
Consider a perfectly competitive market in which each firm's short-run total cost function is C 81 +...
Questions
question
Mathematics, 13.04.2021 03:50
question
Mathematics, 13.04.2021 03:50
Questions on the website: 13722367