This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Excess CapacityThe graph shows the demand curve (D), marginal revenue curve (MR), marginal cost ... (Read 70 times)

booty5

  • Full Member
  • ***
  • Posts: 146
on: Nov 23, 2022
Excess Capacity

The graph shows the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC) for a monopolistically competitive firm in the long run.



Assume that P1=$16, P2=$26, P3=$35, Q1=2500, and Q2=7500. If this industry becomes perfectly competitive, price will ________ (increase/decrease) by ________ and quantity will ________ (increase/decrease) by ________.
◦ increase, $10, increase, 5000
◦ decrease, $10, decrease, 7500
◦ increase, $9, decrease, 7500
◦ decrease, $9, increase, 5000
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by booty5 on Nov 23, 2022

Yermi196

  • Full Member
  • ***
  • Posts: 135
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


booty5

  • Member
  • Posts: 146
Reply 2 on: Nov 23, 2022
Wow, this really help

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o
Progression Graph: Fitness Plan Progression Graph: Fitness Plan
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that A phylogenetic tree showing the evolutionary relationships among hominoids. The evidence shows that
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: First Stage of Labor and Delivery Video

For a complete list of videos, visit our video library