Find firms production when it is long term equilibrium


Problem

LAC is given as ?? + 100/?? . LMC is given as 2Q.

(i) Find individual firm's production when it is long term equilibrium.

(ii) When market demand is ?? = 5000 - 100??, find market equilibrium quantity and number of firms.

The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.

Solution Preview :

Prepared by a verified Expert
Macroeconomics: Find firms production when it is long term equilibrium
Reference No:- TGS03043556

Now Priced at $15 (50% Discount)

Recommended (94%)

Rated (4.6/5)