What would be the long run price and quantity for this firm
Given equation:
TC=1/8q^3-1.5Q^2+11.5Q
P=37-0.01q(demand)
p=1+0.01q(supply)
Questions
1. What would be the long run price and quantity for this firm in a competitive market?
2. In the long run how many firms are in the industry?
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Determine how you will collect the data elements needed for this measure (i.e. how will you collect the data elements needed to calculate the measure). Describe what those data elements are, and how they will be collected.
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What would be the long run price and quantity for this firm in a competitive market? 2. In the long run how many firms are in the industry?
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Security Applications manufactures home- and business-related physical security systems designed to protect property while the owners are away or asleep. It is owned byArnold, and the day-to-day management is left to Bob, who has been an employee of
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