4 10 points eBook Print References Answer the following question based on the graph below, which...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
4 10 points eBook Print References Answer the following question based on the graph below, which is for Bli the industry. Price, costs 72 60 48 36 24 12 0 20 No D Yes e. Is the current situation long-run equilibrium? MR AC MC 150 300 450 600 750 900 10501 200350 500 Quantity per period a. What is the profit-maximizing output? Output:[ b. What price will the firm charge? Price: $ c. How much excess capacity exists at the output in (a)? Excess capacity: [ d. Is Blue Smooth making economic profits? 4 10 points eBook Print References Answer the following question based on the graph below, which is for Bli the industry. Price, costs 72 60 48 36 24 12 0 20 No D Yes e. Is the current situation long-run equilibrium? MR AC MC 150 300 450 600 750 900 10501 200350 500 Quantity per period a. What is the profit-maximizing output? Output:[ b. What price will the firm charge? Price: $ c. How much excess capacity exists at the output in (a)? Excess capacity: [ d. Is Blue Smooth making economic profits?
Expert Answer:
Answer rating: 100% (QA)
This industry have 50 small firms which means this is monopolistic industry Because in Oligopoly the... View the full answer
Related Book For
An Introduction to Statistical Methods and Data Analysis
ISBN: 978-1305269477
7th edition
Authors: R. Lyman Ott, Micheal T. Longnecker
Posted Date:
Students also viewed these economics questions
-
You are a new member of the audit committee and board of directors of Easy Mix Cement Inc. Easy Mix was a private company using ASPE until last year, when it became a publicly traded company using...
-
In 2005, manufacturing workers in the United States earned an average wage of $23.65 per hour. That same year, manufacturing workers in Mexico earned an average wage of $2.63 per hour. How can U.S....
-
A large proportion of small businesses in the United States fail during the first few years of operation. On average, 1.6 businesses file for bankruptcy per day in a particular large city. a. Using...
-
Retro Games (RG) based in Nevada, manufactures gaming equipment. On January 1, 2019, RG began to aggressively expand its remote sales force, which included hiring Tom in Ohio to sell in that state....
-
A student tries to find the product 1/2 1/3: 1/2 1/3 = (1/2 3/3) (1/3 2/2) = 3/6 2/6 = 6/36 = 1/6 What would you tell the student?
-
Monatomic linear lattice consider a longitudinal wave us = u cos (wt ? sKa) which propagates in a monatomic linear lattice of atoms of mass M, spacing a, and nearest-neighbor interaction C. (a) Show...
-
Observations at a shallow sandy beach show that even though the waves several hundred yards out from the shore are not parallel to the beach, the waves often "break" on the beach nearly parallel to...
-
Smith, having contracted to sell to Beyer thirty tons of described fertilizer, shipped to Beyer by carrier thirty tons of fertilizer, which he stated conformed to the contract. Nothing was stated in...
-
You are an expatriate (with a spouse and a 6-year-old daughter) sent on assignment for one year to Hong Kong. What should you do to prepare for departure? Why? What training should you or your family...
-
John Little who is single is a new client of yours that has come to you with several tax issues with which he needs your help. He is an engineer that has his own practice for which he files a...
-
Question 15 Which of the following is least likely included in the assumptions of an informationally efficient securities market? A large number of profit-maximizing participants analyze and value...
-
Determine the acceleration of the body of mass m = 4 , 0 0 0 g ( grams ) . The forces acting on this body are: F 1 = 1 0 N and F 2 = 2 N . ( neglect friction ) . Show your work. Express your result...
-
The demand for erasers (Q) is given as follows: Q = 240 - 4Pe + 2I + Pb + A where Pe is the price of erasers. I is the income level. Pb is the price of another good. A is the advertising level....
-
why don't economists believe in the unanimity rule, or even a supermajority, as the best way to make choices?
-
If a firm has 35% chance to be under recession getting -5% return, 40% chance to be at a normal state and get 9% and 25% chance to be growing getting 17% return, what is the expected return for this...
-
Alex has had $ 8 2 4 . 5 0 deducted in Employment Insurance premiums to date. What would be the withholding for Employment Insurance on his next biweekly pay of $ 3 , 4 0 0 . 0 0 ? Also show the...
-
Suppose shirts are one of 3 colors (red, blue and green) and pants are either black or brown. An outfit consists of a shirt and pants. What is the minimum number of people that need to be in a room...
-
Determine the volume of the parallelepiped of Fig. 3.25 when (a) P = 4i 3j + 2k, Q = 2i 5j + k, and S = 7i + j k, (b) P = 5i j + 6k, Q = 2i + 3j + k, and S = 3i 2j + 4k. P
-
Refer to Exercise 11.65. a. Estimate the mean fuel usage for a 1000- mile flight. Provide a 95% confidence interval for your estimate. b. Predict the fuel usage for a particular 1000- mile flight....
-
A large healthcare corporation is interested in the number of employees who devote a substantial amount of time to providing care for elderly relatives. The corporation wants to develop a policy with...
-
After sewage is processed through sewage treatment plants, what remains is a dried product called sludge. Sludge contains many minerals that are beneficial to the growth of many farm crops, such as...
-
Derive the expression for the shape-efficiency factor \(\phi_{B}^{e}\) for stiffness-limited design for a circular tube with outer radius \(5 t\) and wall thickness \(t\), loaded in bending (Fig....
-
Derive the expression for the shape-efficiency factor \(\phi_{B}^{e}\) for stiffness-limited design for a channel section of thickness \(t\), overall flange width \(5 t\) and overall depth \(10 t\),...
-
Derive the expression for the shape-efficiency factor \(\phi_{B}^{e}\) for stiffness-limited design for a square box section of wall thickness \(t\), and height and width \(h_{1}=10 t\) bent about...
Study smarter with the SolutionInn App