Question: Please answer correct calculation asap plz Don't answer by pen paper plz Price and cost ($) LAC $10 80 Q (units) The diagram above shows

Please answer correct calculation asap plz

Don't answer by pen paper plz

Price and cost ($) LAC $10 80 Q (units) The diagram above shows a typical firm in long-run equilibrium in a perfectly competitive market. If there are 500 firms in this market, what is total industry output? Select one: O a. 5,080 units O b. 4,000 units O c. 800 units O d. 40,000 units Check

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 Economics Questions!

Please answer correct calculation asap plz a and b Don't answer by pen paper plz 10. Suppose the marginal product of the last worker employed by a firm in 40 units of output per day and the daily...

Please answer correct calculation asap plz both are questions Don't answer by pen paper plz You are the manager of a firm that sells its product in a competitive market at a price of $60. Your firm's...

Please answer correct calculation explain asap plz Don't answer by pen paper plz The monopolist is currently producing Q= 2000, Price charged = $500, MR of the last unit produced is $300, Marginal...

Please answer correct calculation plz asap plz both are Don't answer by pen paper plz Suppose the cost function for a PC firm is given by TC : 100 + (32 Other firms in the industry sell output at...

Question: A real estate sales agent may be employed by: a) any member of the public. b) their broker. c) Bo... (5 bookmarks) A real estate sales agent may be employed by: a) any member of the public....

Please answer correct explain plz asap both are questions please Don't answer by pen paper plz. If price falls by 3 percent and price elasticity of demand is 2.0, then quantity demanded will rise by...

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Hello. I'm looking for an accounting major to check my homework please. The excel sheet are my answers in (blue). I've uploaded the homework questions in Word doc and answers are on the excel doc....

What are the risks of managing a business like Heritage Auction Galleries?

Why is treasury stock subtracted from shareholders equity on the balance sheet?

BE10.1 (LO 1) Fernandez Corporation purchased a truck at the beginning of 2025 for $50,000. The truck is estimated to have a residual value of $2,000 and a useful life of 160,000 miles. It was driven...

pick any one of the three case excerpts we're reading this week - Plessy v. Ferguson, Brown v. Board of Education, or Craig v. Boren. These cases deal with racial discrimination and gender...

Do not get married, wait until I come, etc.

Do not come to the conclusion too quickly

Engage everyone in the dialogue