Find the competitive equilibrium
A competative industry is comprised of 15 identical firms, each with a short-run total cost function of c(q)=722+q(squared)/200. Market demand is 7000-250p=Q(p). Find the competitive equilibrium is?
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Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve. What will be the monopolistic competitor's average fixed cost at the output it chooses?
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With a short-run total cost function of c(q)=722+q(squared)/200. Market demand is 7000-250p=Q(p). Find the competitive equilibrium is?
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The firm has proposed charging a price of $100 for each unit of output. If the price is charged, what will be the total profits and the rate of return earned on the firm's asset base?
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