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Suppose that Firm A's total cost function were to change to TCA(qq) = 109a + 50,...
17.) Suppose that Firm A’s total cost function were to change to TCa(qa)= 10qa+ 50, (so, a fixed cost of 50 has been added). Which of the following statements would then be TRUE? a.This will decrease Firm A’s equilibrium level of output. b.This will increase Firm B’s equilibrium level of output. c.This will not affect either firm’s equilibrium level of output. d.This will increase the price at which output is sold in this market. 18.) Suppose that Firm A’s total...
17.) Suppose that Firm A’s total cost function were to change to TCa(qa)= 10qa+ 50, (so, a fixed cost of 50 has been added). Which of the following statements would then be TRUE? a.This will decrease Firm A’s equilibrium level of output. b.This will increase Firm B’s equilibrium level of output. c.This will not affect either firm’s equilibrium level of output. d.This will increase the price at which output is sold in this market. 18.) Suppose that Firm A’s total...
Firm A and Firm B compete in the sale of a product with market inverse demand given by P(0) = 160-Q, where Q is market output, and Q = qA + qB (8a-Firm A's output, qB-Firm B's output). Firm A's Total Cost function is given by TCA(qA) 10qA and Firm B's is given by Find the value of Q when Firms A and B Cournot compete to maximize profits (i.e when they simultaneously determine profit maximizing output). At what price...
Firm A and Firm B compete in the sale of a product with market inverse demand given by P(Q) = 260-Q, where Q is market output, and Q = 9A + 9B (9A = Firm A's output, 9B = Firm B's output). Firm A's Total Cost function is given by TCA9A) = 209A and Firm B's is given by TCB(9B) = 209B. 15. (20 points) Find the value of Q when Firms A and B Cournot compete to maximize profits...
Suppose that each firm in a competitive industry has the following costs: Total Cost: TC= 50+1/2 q^2 Marginal Cost: MC= q where qq is an individual firm's quantity produced. The market demand curve for this product is Demand QD=160−4PQD=160−4P where PP is the price and QQ is the total quantity of the good. Each firm's fixed cost is $_____ What is each firm's variable cost? q 50+1/2 q 1/2q 1/2q^2 Which of the following represents the equation for each firm's...
☹️??? 1. (15 pts) Suppose firm A is one of many perfectly competitive firm and it total cost function is given as TC = 0.1q2+20q+1000 AVC = 0,19 +20 I looo 0,2q +20 0.19 +20 (a) Find firm A's total fixed cost. Find its average variable cost function. (b) Find the shut down point. Find firm A's supply function. shut Find firm A's supply function. shut down MO AVC AVO (c) If there are 100 firms whose cost functions are...
There are 2 factory which is firm A and Firm B. Firm A's pollution abatement cost is 2x3 and Firm B's pollution abatement cost is 2x2. The per unit benefit to a unit of pollution abatement is a constant $600. We decide that issue permit to produce pollution and allow them to trade it. However, politician determines that if they are unable to trade, firm A will be forced to reduce pollution by 100 units, and firm B reduce pollution...
If Firm A opertes in a perfectly competitive industry, with market price = $1,200/unit. If Firm A's total cost function is given by TC(g)-20 80q 200, find Firm A's profit maximizing level of output. Using the information from the above question: is the market in which Firm A is selling its output currently in long run equilibrium?
Suppose the total cost function for a firm is given by C (Q) = 100 + Q2. If the firm sells its output in a perfectly competitive market at a price of $10, what level output should the firm produce to maximize profits or minimize losses? What will be the level of profits or losses if the firm makes the optimal decision?
Suppose a firm faces a total cost function of: T C(Q) = 55 − 2Q + 10Q 2 (a) How would you express the average fixed cost for any level of output? What is the average fixed cost for 5 units of output? (b) How would you express the variable costs? What are variable costs when output is 6? (c) What is the marginal cost for the 12th unit of output? (d) At what level of output do marginal costs...