107 809
Assignments Done
100%
Successfully Done
In November 2024
In November 2024
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming
Answer to Question #90727 in Microeconomics for Isa
Question #90727
Consider a perfectly competitive market in the short run, assume that the demand curve is given as shown below. P=100-4Q, also you are told that the total cost is given as TC=50+4Q+2Q^2 and the marginal cost MC=4+4Q. How many firms are in the industry in the short run?
Expert's answer
Firm supply=MC=4+4Q
Equilibrium Price=52, Quantity=12
P=4+4q
52=4+4q, q=12
Each competitive firm produces 12 units hence there is one firm
Learn more about our help with Assignments: Microeconomics
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
#340153 on Dec 2023
#340153 on Dec 2023
Comments
Dear visitor, please use panel for submitting new questions
How is there only one firm but it's a perfectly competitive market???
Leave a comment