Asume we have a profitmaximizing firm for which p17-q and , Econometrics

+44 141 628 6080
[email protected]

Asume we have a profitmaximizing firm for which p17-q and

Assume we have a profitmaximizing firm for which P=17-Q, and TC=5Q=Q^2/2, where P is theprice of output Q, and TC is the total cost of production.
1. Suppose the firm behaved likea perfect competitor in the short-run. How much output will it prodcue? How much profit will it earn? What price will it charge?
2. Suppose the firm behaved likea perfect competitor in the long-run. How much output will it prodcue? How much profit will it earn? What price will it charge?
3. Explain the theorecticalrationale for the difference in your answers for 1 and2.
4. Suppose the firm behaved likea pure monopolist in the short-run. How much output will it produce? How much profit will it earn? What price will it charge?
5. Given the solution to #4relative to the solutions in 1 and 2, what do you conclude aboutthe effects of monopoly relative to perfect competition? Is society likely to be helped or harmed by firms with monopoly power?Explain.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Asume we have a profitmaximizing firm for which p17-q and

Reference No:- TGS0583083

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Econometrics

Q : Critically evaluate how they could integrate a more

Critically evaluate how they could integrate a more Strategic approach to their Human Resources Management and how they would benefit from the proposed recommendations.

Q : A 2 kg block and a 3 kg block are pushed across a 2 m long

A 2 kg block and a 3 kg block are pushed across a 2 m long frictionless table, Compare the kinetic energies of the two blocks when they reach the end of the table

Q : What mass of calcium can be produced by this process if a

What mass of calcium can be produced by this process if a current of 6200 {\rm A} is applied for 35 {\rm h}? Assume that the electrolytic cell is 69 % efficient. also What is the minimum voltage needed to cause the electrolysis

Q : What is the percentage of this problem a country has a

What is the percentage of this problem a country has a population of 2,130,819, and another country's has a population of 11,862,740 what is the percentage when you compare the two countries

Q : Asume we have a profitmaximizing firm for which p17-q and

Q : When the switch was first closed to charge the capacitor

When the switch was first closed to charge the capacitor, what was the effective resistance of the capacitor when it was fully charged

Q : A cr3 aq solution is electrolyzed using a current of 750

A Cr^{3 + } aq solution is electrolyzed, using a current of 7.50 A}. What mass of Cr}( s) is plated out after 1.80 days? also What amperage is required to plate out 0.300 mol Cr from a Cr^{3 + } solution in a period of 7.20 h

Q : The inventor invariably cannot find someone to fund the

The inventor invariably cannot find someone to fund the development of his product but the public company is able to raise all the capital it requires. Why is this so? What are the main factors that would influence a Japanese car company in its choic

Q : Who were some of the major ruling figures in the phoenician

Who were some of the major ruling figures in the Phoenician, Aramean, and Lydian societies? Also when did the Aramean empire end?

1923260

Questions
Asked

3,689

Active Tutors

1456966

Questions
Answered

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

ask Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Asume we have a profitmaximizing firm for which p17-q and

Reference No:- TGS0583083

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : Critically evaluate how they could integrate a more

Q : A 2 kg block and a 3 kg block are pushed across a 2 m long

Q : What mass of calcium can be produced by this process if a

Q : What is the percentage of this problem a country has a

Q : Asume we have a profitmaximizing firm for which p17-q and

Q : When the switch was first closed to charge the capacitor

Q : A cr3 aq solution is electrolyzed using a current of 750

Q : The inventor invariably cannot find someone to fund the

Q : Who were some of the major ruling figures in the phoenician

What cases does female status tend to be highest

Examine gender inequality on a global scale

Cases of local communities using modern technology

How are schools important in the struggle for power

Why does victor coin the term hyper-violence

How does the pyramid change

How the major schools of thought within sociology

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Asume we have a profitmaximizing firm for which p17-q and

Reference No:- TGS0583083

Recent Questions Asked Econometrics

Q : Critically evaluate how they could integrate a more

Q : A 2 kg block and a 3 kg block are pushed across a 2 m long

Q : What mass of calcium can be produced by this process if a

Q : What is the percentage of this problem a country has a

Q : Asume we have a profitmaximizing firm for which p17-q and

Q : When the switch was first closed to charge the capacitor

Q : A cr3 aq solution is electrolyzed using a current of 750

Q : The inventor invariably cannot find someone to fund the

Q : Who were some of the major ruling figures in the phoenician

Asked Questions