A firm in a perfectly competitive market has a short-run total cost curve of ST C(Q)...
A firm in a perfectly competitive market has a short-run total cost curve of ST C(Q) = 20 + 10Q + Q2. The market price is $10.
a) What is the profit-maximizing quantity?
b) What are the maximum profits?
c) Find the short-run supply curve if all fixed costs are sunk.
d) Find the short-run supply curve if all fixed costs are non-sunk.
e) Suppose there are 100 identical firms in this market. What is the market supply curve if all fixed costs are sunk?
f) Write down a market demand curve that is consistent with this equilibrium.
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A firm in a perfectly competitive market has a short-run total
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curve of TC= 3Q^3 - 12Q^2 +16Q + 100, where Q is measured in
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cardboard boxes are produced in a perfectly
competitive market. each identical firm has a short run total cost
curve of TC= 3Q^3 - 12Q^2 +16Q + 100, where Q is measured in
thousands of boxes per week. calculate the output for the price
below which a firm in the market will not produce any output in the
short run. ( i.e., the output for the shut down price)
a 2^1/2
b. 2
c. 1/2
d. 1/square root of 2
2)...
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