SophiaPretty

(5)

$14/per page/Negotiable

About SophiaPretty

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 304 Weeks Ago, 2 Days Ago
Questions Answered: 15833
Tutorials Posted: 15827

Education

  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

Experience

  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Economics Posted 05 Sep 2017 My Price 7.00

Market Structure

Markets and Market Structure

 

Given the following graphs and information answer the following questions (a) – (c)

(1) Q*=10,000  (2) Pmarket = $25 (3) q* = 2000  (4) ATC at q* = 20

-make sure to show work and method for all of the questions.

 

                           
   

P
 		  

MC

 
 
 

P
 		  

Market
 		    

Firm
 
     

S
 
         
 
 
 
 
 

 

 

 

 

Graphically: 

           
   
 

Pmarket
 
     
 
 

 

 

 

 

 

 

 

 

 

 

 

(a) How many firms are supplying the market?

(b)  What are the revenues, profits, and costs for the entire market and an individual firm?  Make sure to show your work and method.

(c) What type of market is the above illustrating? Please explain.

 

(d) Show how a monopoly profit maximizes.  Please explain how the results differ from that of a firm in perfect competition.

(e) From an efficiency standpoint explain why a Monopolist market is less efficient than a perfectly competitive market.

(f) Show and explain what the shutdown rule for production is.  Use the PC market to do so.

 

 

Attachments:

Answers

SophiaPretty
(5)
Status NEW Posted 05 Sep 2017 11:09 AM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly-----------

Not Rated(0)
Relevent Questions