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Еcon 203 HW2 Fall 2020-21 [Режим ограниченной функциональности]- Word
Конструктор
Макет
Ссылки
Рассылки
Рецензирование
Вид
Справка
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Question 4
An industry currently has 100 firms, each of which has fixed costs of $16 and average variable
costs as follows:
Quantity
Average Variable Cost
Average Total Cost
Marginal Cost
1.
IS
2.
3
3.
3.
4.
4.
4.
5.
9.
a. Compute a firm's marginal cost and average total cost for each quantity from 1 to 6.
b. The equilibrium price is currently $10. How much does each firm produce? What is the total
quantity supplied in the market?
c. In the long run, firms can enter and exit the market, and all entrants have the same costs as
above. As this market makes the transition to its long-run equilibrium, will the price rise or fall?
Will the quantity demanded rise or fall? Will the quantity supplied by each firm rise or fall?
Explain your answers.
9.
9.
английский (США)
B.
ДЛя поиска
Jaber
F10
F11
F12
F8
NumLk
F5
94
70
6
6
V
8.
0
9
Transcribed Image Text:* 00 69 目回 Bx Еcon 203 HW2 Fall 2020-21 [Режим ограниченной функциональности]- Word Конструктор Макет Ссылки Рассылки Рецензирование Вид Справка Что вы хотите сделать? Проверка не выполняется для текста на следующем языке: турецкий. Скачать средства проверки Скачать РОВЕРКИ ПРАВОПИСАНИЯ правописания и будущие обновления? Question 4 An industry currently has 100 firms, each of which has fixed costs of $16 and average variable costs as follows: Quantity Average Variable Cost Average Total Cost Marginal Cost 1. IS 2. 3 3. 3. 4. 4. 4. 5. 9. a. Compute a firm's marginal cost and average total cost for each quantity from 1 to 6. b. The equilibrium price is currently $10. How much does each firm produce? What is the total quantity supplied in the market? c. In the long run, firms can enter and exit the market, and all entrants have the same costs as above. As this market makes the transition to its long-run equilibrium, will the price rise or fall? Will the quantity demanded rise or fall? Will the quantity supplied by each firm rise or fall? Explain your answers. 9. 9. английский (США) B. ДЛя поиска Jaber F10 F11 F12 F8 NumLk F5 94 70 6 6 V 8. 0 9
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