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Author Question: An imperfectly competitive firm has the following total cost curve: C = 100 + 4Q. What is average ... (Read 11 times)

bcretired

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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.


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mk6555

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Reply #1 on: Jun 30, 2018
Answer to Question 1

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

Answer to Question 2

A


bcretired

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jackie

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Reply 3 on: Yesterday
Wow, this really help

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