Question: A long - run average cost curve has a clear minimum point at a quantity of 3 0 , 0 0 0 heaters. The current

A long-run average cost curve has a clear minimum point at a quantity of 30,000
heaters. The current demand in the market for heaters is 540,000
heaters.
Calculate the number of firms in the heating industry if demand increases and becomes twice as large. Write the exact answer. Do not round.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

answer all of the questions and for the frq does not have to be long just short and straight to the point the reference is Ap macroeconomics unit 5 there are no other pictures or graph to help is...

Q:

You are going to prepare a brief summary of this article. The summry wll not exceed 2 pages. (article shown below as screenshots) 1. Introduction The concept of crisis management has gained immense...

Q:

Use the graph below. (answers chosen might not be correct.) The short run is defined as a period of time where Select one: a, some of a firm's inputs are fixed b. the firm always breaks even (earns...

Q:

A long - run average cost curve has a clear minimum point at a quantity of 3 0 , 0 0 0 heaters. The current demand in the market for heaters is 5 4 0 , 0 0 0 heaters. Calculate the number of firms in...

Q:

Suppose that introductory economics textbooks are produced in a constant cost perfectly competitive industry. All firms face the same long run average cost curve which has its minimum point at q =...

Q:

If income increases by 10%, but the demand for bus tickets decreases by 15%, then the income elasticity of demand is Select one: -1.5 and bus tickets are inferior 1.5 and bus tickets are normal 0.7...

Q:

QUESTION 16 1 POINT Variable inputs are those items that Select the correct answer below: cannot be broken until they expire change annually according to pre-establish terms are contractually bound...

Q:

multipal choice question explain in short details 25. Assertion (A) : For fiscal discipline, expenditure cap is quite desirable. Reason (R) : A widening fiscal deficit adversely impacts finances of...

Q:

I will appreciate the explanation please thankyou 25. Assertion (A) : For fiscal discipline, expenditure cap is quite desirable. Reason (R) : A widening fiscal deficit adversely impacts finances of...

Q:

explainin details please thank you 25. Assertion (A) : For fiscal discipline, expenditure cap is quite desirable. Reason (R) : A widening fiscal deficit adversely impacts finances of the Central...

Q:

According to a study done by the Gallup organization, the proportion of Americans who are satised with the way things are going in their lives is 0.82. (a) Suppose a random sample of 100 Americans is...

Q:

At sda.berkeley.edu/GSS, cross-tabulate HAPMAR with YEAR, so you can see how conditional distributions on marital happiness in the GSS have changed since 1973. Using conditional distributions and...

Q:

mary just purchased a bond which pays $ 6 0 a year in interest. what is this $ 6 0 called

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...