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

Author Question: An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is average ... (Read 50 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is average total cost equal to when Q = 10?
 
  What will be an ideal response?

Question 2

Given the information in the table above, if the world equilibrium price of widgets were 40 cloths, then
 
  A) both countries could benefit from trade with each other.
  B) neither country could benefit from trade with each other.
  C) each country will want to export the good in which it enjoys comparative advantage.
  D) neither country will want to export the good in which it enjoys comparative advantage.
  E) both countries will want to specialize in cloth.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

C/Q = 100 + (4 )(10 )/10 = 14

Answer to Question 2

A


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jun 30, 2018
Gracias!

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu (a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
Average optimal blood pressure for age Average optimal blood pressure for age
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Firm handshake Firm handshake
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Pneumonia Animation

For a complete list of videos, visit our video library