The long-run supply curve for a product is horizontal with ATC = 200. Market demand is defined as P = 1,000 - 4 Q. The market is competitive and is in long-run equilibrium with 50 firms in the industry. If demand increases to P = 1,240 - 4 Q, how many firms will be in the industry at the new long-run equilibrium?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The long-run supply curve for a product is horizontal with ATC = 200. Market demand is defined as P = 1,000 - 4 Q. The market is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Select examples of public goods provided to everyone by the government A) protecting the country B) computer laptops C) mail delivery D) public schools
Answers (1)
Jack and Jill have just had their first child. If they expect that college will cost $150,000 per year in 18 years, how much should the couple begin depositing annually at the end of each of the next 18 years to accumulate enough funds to pay 1 year
Answers (1)
4 - You are purchasing a 20-year, semi-annual bond with a current market price of $973.64. If the yield to maturity is 8.68 percent and the face value is $1,000, what must the coupon payment be on the bond?
Answers (1)
What is the value of HM stock which currently has a dividend of $2 and is growing at 7 percent? The investor's required rate of return is 11 percent.$46.25$50.50$52.7553.50
Answers (1)
A canadian agent has an existing client who goes on vacation to Seattle, Washington. The agent wishes to contact the customer in seattle about an investment that he wishes to recommend. The agent:
Answers (1)
New Questions in Business
Waldo is buying Marianne's house. The closing date (day belongs to seller) of the sale transaction is September 1 (day 244 of the year). Current Year real estate taxes are $1,100 (will be billed to buyer next year).
Answers (1)
The best way for an employer to find out if a potential employee can do a job is by
Answers (1)
Tiffany is an architect for the building of a large office complex downtown. Frequently a group of steel workers whistle at her as she climbs a ladder or interacts with staff. The men's actions create a hostile work environment. a) true b) false
Answers (1)
Monica heard that as a general rule, she should spend no more than one week's pay on rent. If Monica's salary is $42,068 per year, what is the maximum amount per month that she should spend on rent?
Answers (1)
Which of the following statements regarding a firm's optimal capital structure are true? Check all that apply. The optimal capital structure maximizes the firm's stock price. The optimal capital structure minimizes the firm's WACC.
Answers (1)