Answer to Question #131168 in Finance for Satyam

Question #131168
Question 3. Determine the equation for average total cost for the firm
a. 2qs + 2 + 50/qs
b. 2qs + 5 + 50/qs
c. 3qs + 5 + 50/qs
d. None of the above
Question 4. Determine the market quantity Q from the market demand curve, given that we know the above calculated market price.
a. 23
b. 504
c. 34
d. 89
Question 5. In the long-run given this technological advance, how many firms will there be in the industry?
a. 34
b. 84
c. 32
d. 56
Question 6. Now suppose that the number of students increases such that the market demand curve for study desks shifts out and is given by, PD = 1525 – 2QD . What will be the new long-run equilibrium price in this industry?
a. 25
b. 34
c. 23
d. 45
1
Expert's answer
2020-08-30T06:03:48-0400
Dear Satyam , your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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