Question 1

Domestic market supply function is Q_S = 50 + 5P, domestic demand function is Q_D = 100 − 5P, and the world price is 2. Is this country importing or exporting the commodity and how much?

Accepted Answer

The answer of Domestic market supply function is Q_S =...

Question 2

Domestic market supply function is Q_S = 40 + 6P, domestic demand function is Q_D = 200 − 4P, and the world price is 10. Is this country importing or exporting the commodity and how much? How much is consumed and produced domestically?

Accepted Answer

The answer of Domestic market supply function is Q_S =...

Question 3

A firm has the following total revenue and total costs functions.
 $$T R = 0.5 Q - 0.5 Q ^ { 2 } , \quad T C = 0.5 Q ^ { 2 } - Q$$ Compute the optimal quantity the firm should produce and sell.

Accepted Answer

The answer of A firm has the following total revenue...

Question 4

A firm has the following total revenue and total costs functions.
TR=9Q-Q², TC=Q²-Q
Compute the optimal quantity the firm should produce and sell.

Accepted Answer

The answer of A firm has the following total revenue...

Quiz 9: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition

Domestic market supply function is Q_S = 50 + 5P, domestic demand function is Q_D = 100 − 5P, and the world price is 2. Is this country importing or exporting the commodity and how much?

Domestic market supply function is Q_S = 40 + 6P, domestic demand function is Q_D = 200 − 4P, and the world price is 10. Is this country importing or exporting the commodity and how much? How much is consumed and produced domestically?

A firm has the following total revenue and total costs functions. $T R = 0.5 Q - 0.5 Q ^ { 2 } , \quad T C = 0.5 Q ^ { 2 } - Q$ Compute the optimal quantity the firm should produce and sell.

A firm has the following total revenue and total costs functions. TR=9Q-Q², TC=Q²-Q Compute the optimal quantity the firm should produce and sell.

Quiz 9: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition

Domestic market supply function is QS = 50 + 5P, domestic demand function is QD = 100 − 5P, and the world price is 2. Is this country importing or exporting the commodity and how much?

Domestic market supply function is QS = 40 + 6P, domestic demand function is QD = 200 − 4P, and the world price is 10. Is this country importing or exporting the commodity and how much? How much is consumed and produced domestically?

A firm has the following total revenue and total costs functions. TR=0.5Q−0.5Q2,TC=0.5Q2−QT R = 0.5 Q - 0.5 Q ^ { 2 } , \quad T C = 0.5 Q ^ { 2 } - QTR=0.5Q−0.5Q2,TC=0.5Q2−Q Compute the optimal quantity the firm should produce and sell.

A firm has the following total revenue and total costs functions. TR=9Q-Q², TC=Q²-Q Compute the optimal quantity the firm should produce and sell.

Domestic market supply function is Q_S = 50 + 5P, domestic demand function is Q_D = 100 − 5P, and the world price is 2. Is this country importing or exporting the commodity and how much?

Domestic market supply function is Q_S = 40 + 6P, domestic demand function is Q_D = 200 − 4P, and the world price is 10. Is this country importing or exporting the commodity and how much? How much is consumed and produced domestically?

A firm has the following total revenue and total costs functions. $T R = 0.5 Q - 0.5 Q ^ { 2 } , \quad T C = 0.5 Q ^ { 2 } - Q$ Compute the optimal quantity the firm should produce and sell.