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 66 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

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

This diagram shows a cross-section of a solar-type star. This diagram shows a cross-section of a solar-type star.
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
The graph of y = sqrt(x) is vertically stretched by a factor The graph of y = sqrt(x) is vertically stretched by a factor
Graph approximated by two parabolas for the Simpson's rule Graph approximated by two parabolas for the Simpson's rule
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library