Solved

Suppose There Are 100 Firms Each with a Short Run

Question 39

Multiple Choice

Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10,so that marginal cost is MC = 2q +1.If market demand is given by QD = 1050 - 50P,how much will be produced in the market?


A) 300
B) 400
C) 500
D) 600

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q34: Suppose there are 100 firms each

Q35: For an increasing cost industry,the long-run supply

Q36: Suppose that the price elasticity of demand

Q37: If quantity supplied is either greater or

Q38: Who benefit(s)from protectionism?<br>A)Consumers<br>B)Domestic producers<br>C)No one<br>D)Both consumers and

Q40: Firms in long-run equilibrium in a perfectly

Q41: If the market for hula-hoops is characterized

Q42: Quotas that limit the quantity of imports

Q43: When a quota/trade barrier is instituted,the loss

Q44: Suppose domestic beef producers face demand of