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Author Question: A dominant firm's residual demand curve is A) the horizontal difference between the market demand ... (Read 160 times)

jwb375

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on: Jul 1, 2018
A dominant firm's residual demand curve is
 
  A) the horizontal difference between the market demand curve and the supply curve of the fringe firms.
  B) the vertical difference between the market demand curve and the supply curve of the fringe firms.
  C) the demand curve left for the fringe firms after the dominant firm has determined an output level.
  D) None of the above.

Question 2

Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at 0.20 per pound when 500 pounds are grown. The demand for potatoes is Q = 10,000/p. If the long-run supply curve is horizontal, then how many pounds of potatoes will be consumed in total?
 
  A) 0
  B) 500
  C) 10,000
  D) 50,000
Microeconomics ¦ Perloff ¦ 8th Edition
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ndhahbi

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Reply #1 on: Jul 1, 2018
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.
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jwb375

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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