A competitive market has 30 identical firms each with a, Business Economics

+44 141 628 6080
[email protected]

A competitive market has 30 identical firms each with a

A competitive market has 30 identical firms each with a short-run cost of SC(q) = 3/2q2 + 15q + 150. The market demand for the good is P =105 – 1/5QD. Find the equation for the market supply curve P = S(QS) and use that to find the equilibrium price. Show that this price is a LR equilibrium price. Also find the total consumer surplus in the market. You won’t need an integral for this, just geometry.

Request for Solution File

Ask an Expert for Answer!!

Business Economics: A competitive market has 30 identical firms each with a

Reference No:- TGS01472625

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : Explain how supply or demand be affected when the following

explain how supply or demand be affected when the following things occur oranges- after a tornado automobiles ndash

Q : A real estate investment of 200k will result in monthly

a real estate investment of 200k will result in monthly rental earnings of 1k for 8 years and will then be sold with

Q : The walton daily news is investigating the purchase of a

the walton daily news is investigating the purchase of a new auxiliary press that has a projected life of 18 years it

Q : Let us discuss americas imperialist episode in 1898 when

let us discuss americas imperialist episode in 1898 when almost point-blank it took four colonies was this an

Q : A competitive market has 30 identical firms each with a

a competitive market has 30 identical firms each with a short-run cost of scq 32q2 15q 150 the market demand for the

Q : Suppose that the external damage is md 300 5q mc 100 2q

suppose that the external damage is md 300 5q mc 100 2q mb d ndash 2q where d is unknown a if d 1000 what would

Q : Fagilo 2000 found that legislators are more likely to

fagilo 2000 found that legislators are more likely to mirror their constituentrsquos preferences during election years

Q : Carborro has 3 equal sized groups of people type a

carborro has 3 equal sized groups of people type a consistently prefers more police protection to less type b prefers

Q : Suppose that the canadian personal income tax system became

suppose that the canadian personal income tax system became a flat tax system in which all tax payers paid a certain

1939996

Questions
Asked

3,689

Active Tutors

1429717

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What cases does female status tend to be highest

Question: In which of the following cases does female status tend to be highest? Group of answer choice

Discussion about idea of the tramp stamp

Jane is doing a study about tattoos. She is interested in studying the idea of the "tramp stamp" (a tattoo in the small of a woman's back).

Why does victor coin the term hyper-violence

Why does victor coin the term hyper-violence instead of just using violence? And second, how is hyper-violence display in the Oakland community?

Which is a criticism of marxist/conflict theories

Question: Which of the following is a criticism of Marxist/conflict theories? Group of answer choices

Identify problems and concerns that contributed

Identify problems and concerns that contributed to the many race-related protests and unrest during the 2020 year.

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?