Consider the market for fiberts. The market supply is os = 100p and the market demand is OP = 1500 - 50P The firm is a constant-cost industry,in which each firm has a total cost funiction of TC= 100 +0.250 and a marginal cost function of MC = 0,5g. where q represents the output of theindividual firm. The expected equilibirum number of firms in this industry is:O 102050200O Not enough information is provided to answer.

Here, we calculate the given as follow;

Consider the market for fiberts. The market supply is os - 100p and the market demand is OP = 1500 - 50P The firm is a constant-cost industry in which each firm has a total cost function of TC=100 +0.25g and a marginal cost function of MC =0.5g. where q represents the output of the individual firm. The expected equilbirum number of ferms in this industry is O 10 O 20 O 50 O 200

Consider the market for fiberts. The market supply is os - 100p and the market demand is OP = 1500 - 50P The firm is a constant-cost industry in which each firm has a total cost function of TC=100 +0.25g and a marginal cost function of MC =0.5g. where q represents the output of the individual firm. The expected equilbirum number of ferms in this industry is O 10 O 20 O 50 O 200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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