Business, 27.03.2020 01:22 pinkapple2396

Suppose that there are 120 perfectly competitive bakeries in a Pennsylvania that bake cakes, each with the following cost function: C(q) = 108 + 3q2 a. Derive the short-run market supply curve. b. Suppose the market demand is, QD = 900−10p. Find the equilibrium market quantity and price. c. How much output will each firm produce? How much profit is each firm making? d. What do you believe will happen to the number of firms in this market in the longrun? What price do you expect cakes to be sold for in the long-run?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 01:00

Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands

Answers: 1

Answer

Business, 22.06.2019 16:00

In microeconomics, the point at which supply and demand meet is called the blank price

Answers: 3

Answer

Business, 22.06.2019 20:40

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share

Answers: 3

Answer

Business, 22.06.2019 21:30

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.

Answers: 1

Answer

You know the right answer?

Suppose that there are 120 perfectly competitive bakeries in a Pennsylvania that bake cakes, each wi...

Questions