All firms that produce taco meat have identical, long run, total cost functions given by: TC...

All firms that produce taco meat have identical, long run, total cost functions given by: TC = 225 + 6q + q². Calculate the optimal firm size.

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Rahul Sunny answered 2 years ago

1. In long-run monopolistic competition, a) all firms will produce an identical product b) entry or...

1. In long-run monopolistic competition, a) all firms will produce an identical product b) entry or exit will shift the demand curve until all firms earn zero profit c) firms might earn positive profits since strategic barriers prevent new firms from entering d) entry or exit will shift the supply curve until all firms earn zero profit e) firms may operate at a loss if the tax advantage are sufficiently large 2. What is the profit maximizing output level for...

Consider a perfectly competitive market where all firms have identical long-run marginal costs given by LRMC...

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Consider a firm with a short run Total Cost (TC) given by TC=2000 + 1000Q -...

Consider a firm with a short run Total Cost (TC) given by TC=2000 + 1000Q - 40Q2 + Q3 . What is the firms marginal cost? What is firm's shut down price?

Suppose a perfectly competitive firm's short-run total cost (TC) is given by TC = 200...

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All firms in a perfectly competitive industry have a long-run total cost function of T C(Q)...

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all firms in a competitive industry have the following long-run total cost curve: C(q) = q3...

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10. A perfectly competitive industry consists of many identical firms, each with a long-run average total...

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In a particular market there are several hundred firms, all of the firms produce an identical...

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In the short-run, in comparing the change in total variable cost (TVC) and total cost (TC)...

In the short-run, in comparing the change in total variable cost (TVC) and total cost (TC) associated with an additional unit of output, Answers: a) the change in TC is greater than the change in TVC. b) no generalization can be made because of change in TFC. c) both are equal to MC. d) the change in TVC is greater than the change in TC. The short-run marginal product of a variable input has an inverse relationship with the: Answers:...

Long Run Cost Derive a firm's total cost curve by using a firms isoquants and isocost...

Long Run Cost Derive a firm's total cost curve by using a firms isoquants and isocost lines(note:be sure to show what is on the axis,and the values for all points and curves-the correct labeling and spacing of the things is very mportant)for the case where the firm has a)constant return to scale b)decreasing return to scale c)increasing returns to scale d)For decreasing return to scale ,from the total cost curve,derive the correct long run marginal cost curve and long run...

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