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 18 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
Wow, this really help

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Heart Chambers

For a complete list of videos, visit our video library