The market demand for a type of good has been estimated as: P = 40 -0.25Q, where P is price ($) and Q is rate of sales per month. The long run market supply is expressed as: P=10.0 +0.050. There is a firm operating in this market that is characterized by following long run marginal cost: MC-20.0+ 5.0q What would be the return to firm specific advantage for this firm? 66.24 44.15 82.5 33.72 14.75 54,25 62.17
The market demand for a type of good has been estimated as: P = 40 -0.25Q, where P is price ($) and Q is rate of sales per month. The long run market supply is expressed as: P=10.0 +0.050. There is a firm operating in this market that is characterized by following long run marginal cost: MC-20.0+ 5.0q What would be the return to firm specific advantage for this firm? 66.24 44.15 82.5 33.72 14.75 54,25 62.17
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The market demand for a type of good has been estimated as: P= 40 - 0.25Q, where Pis price ($)
and Q is rate of sales per month. The long run market supply is expressed as: P 10.0 + 0.05Q.
%3D
There is a firm operating in this market that is characterized by following long run marginal cost:
MC = - 20.0 + 5.0q
What would be the return to firm specific advantage for this firm?
66.24
44.15
82.5
33.72
O 14.75
O 54.25
O 62.17
Next](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa9f1deb9-8154-4352-8bcd-6e341ad1a924%2F49469bab-ceba-4ef5-853f-8cfba98e58e6%2Fzyu4rxr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The market demand for a type of good has been estimated as: P= 40 - 0.25Q, where Pis price ($)
and Q is rate of sales per month. The long run market supply is expressed as: P 10.0 + 0.05Q.
%3D
There is a firm operating in this market that is characterized by following long run marginal cost:
MC = - 20.0 + 5.0q
What would be the return to firm specific advantage for this firm?
66.24
44.15
82.5
33.72
O 14.75
O 54.25
O 62.17
Next
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