A perfectly competitive market is described by the Aggregate demand curve Q = 60 – 2P and the aggregate supply curve Q = -10 + 5P. A typical firm (and all firms are identical to each other) in the market has a cost function = 16 + 2Q + Q2
(a) Calculate the equilibrium price and quantity
(b) Show that the price you derive in part (a) is commensurate with the long run equilibrium of this market. Explain
(c) In the long run, how many firms will be in the market?

Answers

Answer 1

Answer:

Explanation:

a )

At equilibrium price , total demand = total supply

60 – 2P =  -10 + 5P

7P = 70

P = 10 .

quantity produced Q = 60 - 2P = 60 - 2 x 10 = 40 .

b )

cost function C = 16 + 2Q + Q²

marginal cost MC = dC / dQ = 2 + 2Q

In the long run , no profit , or

marginal cost =  Average cost = Price

2 + 2 Q = 16 + 2Q + Q² / Q

2 Q + 2 Q² = 16 + 2Q + Q²

Q² = 16

Q = 4

Marginal cost = price

Price = 2 + 2 Q

= 2 + 2 x 4

= 10

Same as that in part ( a )

c ) No of firms

Production by one firm = 4

Total production = 40

no of firm = 40 /4 = 10 .


Related Questions

In one study, more than _____ of men said their most meaningful experiences with friends came from shared activities.

Answers

Answer:

75%

Explanation:

In one study, more than 75% of men said their most meaningful experiences with friends came from shared activities.

Define the principles that govern the conversation process, and mention five examples if you are not apply these principles.

Answers

Answer:

The principles are: process, politenss, cooperation, dialogue and turn taking.

Explanation:

The principle of the process refers to the development of a theme that will be the basis of the conversation. It is related to the openness of those involved and the development of that fear among all the interlocutors. An example of this can be seen when all individuals are positive in talking about adopting animals.

The politeness principle refers to the interlocutors' ability to culturally agree or disagree with the information heard and said during the conversation, being modest, patient and sympathetic throughout the conversation. An example of this can be seen. Everyone involved in the conversation agrees that it is better to adopt street animals than to buy them in pet stores.

The principle of cooperation is the quality of the information spoken. This principle reveals that, during a conversation, only the information relevant to the topic should be cited, that it has a limited duration, that adds important information in the conversation and that this information is of quality. An example of this can be seen when, during the conversation, someone reveals their experience in adopting an animal.

Principle of dialogue is related to the ability of each participant in the conversation to speak and let others speak, not to make negative and unnecessary judgments, to maintain respect for contrary opinions, not to make the conversation a monologue and not to exercise manipulative arguments. An example of this can be seen when everyone in a group has a chance to speak their opinion about pet stores.

Turn taking principle is related to the control of making interruptions to the speaker and waiting for your turn to speak, that is, not taking control of the conversation and respecting each other's speaking time. An example of this can be seen when Peter wants to tell about his adoption experience as well, but he is waiting for Lucy to finish talking about her experience.

A claim is scientific and accurate if it is
O based on someone's opinion.
O based on data from a controlled experiment and confirmed by multiple trials.
O based on a presentation by a professional or an amateur in the field.
based on a story that makes sense.
Plz help

Answers

Answer:

The answer is B :based on data from a controlled experiment and confirmed by multiple trials.

Explanation:

i just took the assignment

What religious group gained control of the New Jersey colony?

Answers

So, in March 1673 Berkeley sold his part of the colony to the Quakers. After the sale to the Quakers the colony was divided into two East and West Jersey. That political division lasted between 1674 and 1702. New Jersey was home to many religious denominations with the Dutch Reformed Church being one of the largest.

Canada gained independence in 1867 when it became

Answers

Answer:

a self-governing entity within the British Empire.

Explanation:

When taken to extremes, individualistic values might lead to undesirable consequences, such as:_________.A) an incomplete awareness of all parts of ourselves,which prevents self-actualization.
B) excessive feelings of intrinsic worth and unrealistic expectations of success.
C) excessive dependence on others' approval to maintain self-esteem.
D) needlessly encouraging unrestrained greed and the exploitation of others.
E) needlessly limiting creativity,innovation,and personal initiative.

Answers

The answer to this question is C

Which gender is more likely to talk to other members of that gender about current events?
a. males.
b. females.
c. both are equally likely to talk about current events.
d. nobody talks about current events.

Answers

Answer:

c

Explanation:

C
Hope this helppps!!

True or False: Berkeley believed that there is a distinction between the world as it is in itself and the world as it appears.

Answers

True hopefully this help

Berkeley believed that there is a distinction between the world as it is in itself and the world as it appears. This statement is true.

Who was Berkeley?

George Berkeley, also known as Bishop Berkeley (Bishop of Cloyne of the Anglican Church of Ireland), was an Anglo-Irish philosopher whose main contribution was the development of a theory he dubbed "immaterialism" (after recognized by the term "subjective idealism" by others).

This theory says that common items like tables and chairs are actually thoughts perceived by the mind and, as a result, cannot exist without being perceived, denying the reality of material substance. Berkeley is particularly well-known for his critique of abstraction, which serves as a fundamental tenet of his immaterialism defense.

Learn more about Berkeley here:

https://brainly.com/question/28033558

#SPJ2

20. Which of these groups followed a code of chivalry?
A. Knights
C. lords
B. vassals
D. monks

Answers

Answer:

knights

Explanation:

Answer:

A.Knights

Explanation:

A knight is a person granted an honorary title of knighthood by a head of state (including the pope) or representative for service to the monarch, the church or the country, especially in a military capacity.

Women on community supervision have typically entered the system because of a crime they committed alongside a male partner (boyfriend, husband, or brother), or they acted alone out of _______ need.

Answers

Answer:

Financial

Explanation:

Answer:

Sexual or Love

Explanation:

The Coastal Terrace contains which physical feature?

hills
pine forests
artificial lakes
salt marshes

Answers

Answer:

salt marshes

Explanation:

The coastal terrace is a geographical description of an area, which is characterized by its formation from the water source, with a somewhat balanced surface, often encountered at a level relative to the current sea level based on the period of formation. It comprises of salt marshes at the upper part of the terrace which can be found between land and salt water in both temperate and high latitude.

Hence, the Coastal Terrace contains SALT MARSHES in terms of physical feature

Answer:

salt marshes

Explanation:

The coastal terrace is a geographical description of an area, which is characterized by its formation from the water source, with a somewhat balanced surface, often encountered at a level relative to the current sea level based on the period of formation. It comprises of salt marshes at the upper part of the terrace which can be found between land and salt water in both temperate and high latitude.

Hence, the Coastal Terrace contains SALT MARSHES in terms of physical feature

In the Netherlands, adults who are terminally ill may chose euthanasia, but infants, children and adolescents cannot be euthanized.a. Trueb. False

Answers

I think it’s false I’m not sure

In the Netherlands, adults who are terminally ill may choose euthanasia, but infants, children, and adolescents cannot be euthanized. The above statement is false.

What is the meaning of euthanasia?

The deliberate ending of life to relieve pain and suffering is known as euthanasia. The euthanasia laws of various nations vary.

The Greek roots of the word "euthanasia" are "Eu" for "good" and "Thanatos" for "death," which when combined indicate "happy death." Euthanasia is the practice of hastening a patient's death to end their suffering.

Active euthanasia refers to the deliberate killing of a patient, such as by administering a deadly amount of medication. The deliberate withholding of artificial life support, such as a ventilator or feeding tube, is known as passive euthanasia.

The animal faints as the fluid is injected, and minutes later, its pulmonary system and heart stop working. The animal is not sentient, hence, it has no senses. A suitable method of euthanasia must act on the CNS depressant at first, resulting in relatively quick unconsciousness and pain insensitivity. So, a chemical anesthetic overdose is a preferred method of euthanasia.

Learn more about Euthanasia here:

https://brainly.com/question/3378948

#SPJ5

Social science research is designed to prove a hypothesis, true or false?

Answers

This statement is true

The Constitution lists the powers of and limits on the federal government, but the Bill of Rights lists the guaranteed freedoms of the people. List four rights, each from a different amendment, and explain each. Are the rights you have chosen absolute

Answers

The correct answer to this open question is the following.

The Constitution lists the powers of and limits on the federal government, but the Bill of Rights lists the guaranteed freedoms of the people. List four rights, each from a different amendment, and explain each

The 1st. Amendment. It refers to the freedom of religion and freedom of speech.

The 2nd. Amendment. It refers to the right for Americans to bear guns for their personal and family protection.

The 4th. Amendment refers to the right of people to protect their property against unreasonable searches from the government.

The 6th. Amendment. The right of people to have a quick trial by an impartial jury.

These rights are very important because they guarantee basic liberties to the United States citizens. No matter what, they are in the US Constitution from the very beginning and none of the branches have the power to override them.

The proven ability to demonstrate the acquisition of sufficient knowledge, skills, and values in a designated area in order to practice effective social work is called _____.

Answers

The available options are

a) accreditation

b) competency

c) resiliency

d) integrity

Answer:

b) competency

Explanation:

Integrity is a term that describe a position of sticking to a stringent moral and ethical value, hence, this is not the right answer

Resiliency is a term that describe cognitive capacity to regain rapidly from any form of despair, ailment or tragedy. Hence, this is not the right answer

Accreditation is a term that describes process of awarding approval for a particular operation, hence, this is not the right answer as well.

Competency this is a term that describes the characteristic of being able to carry out a particular task or job. Hence, this is the right answer to the question.

Therefore, in relation to Social Work, COMPETENCY is the proven ability to demonstrate the acquisition of sufficient knowledge, skills, and values in a designated area in order to practice effective social work.

i dumb, please help :)

Answers

Answer:

D

Explanation:

A report written by the general leading the war, because the general tends to know most details of the war and why the war is happening.

What is the first step of a top-down risk assessment (TDRA)?

Answers

Answer:

Determining the scope of controls to include in testing

Explanation:

Top-down risk assessment: The term "top-down risk assessment" is also denoted as TDRA, and is determined as a process through which the higher-levels are being considered firstly in order to filter it from consideration of the lower-levels assessment as much as possible.

It mainly involves two different steps including:

1. "Determining the extent, nature, and timing of testing procedures in order to perform".

2. "Determining the different scope of controls in order to include in testing".

Recall that in the 1930s, when anti-Asian prejudice was commonplace in the United States, Richard LaPiere had no trouble finding pleasant accommodations for himself and his Chinese traveling companions. Surprised, LaPiere later sent letters to the establishments they visited, asking whether Chinese visitors would be welcome. More than 90 percent of those who responded replied that they definitely would not accommodate Chinese. This study is noteworthy because it suggested that __________.Group of answer choices

Answers

Answer:

the link between attitudes and behaviors is often tenuous.

Explanation:

According to the principle of consistency, the relationship between behavior and attitude is that of consistency. It means that people generally expect an individual's actions to consistent with the attitudes they hold. Although this theory may be sound a rational one, it's obvious that people don't always practice it, often behaving in seemingly very illogical ways which is evident from the study by LaPiere in 1934.

Who is an entreprenuer?

Answers

Answer:

An intrepreneur is an individual who creates a new business, bearing most of the risks and enjoing most of the rewards. ... Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities.

Answer:

An entrepreneur is a person who organizes or creates a business(es), while taking financial risks to do so.

Explanation:

Tamika is a sixth-grade student who mocks the teacher when her back is turned. Tamika is seeking:______.a) the attention of peers.b) the teacher's attention.c) the attention of an administrative official.d) the attention of parents.

Answers

Answer:

A. The Attention Of Peers

ntrospection and self-perception theory make _____ predictions about the extent to which people can know themselves

Answers

Answer:

Watch out bro Creati deleted every answer on my account be careful

Explanation:

Nike has decided to increase the price for Air Jordans from $75 to $150. what kind of change has occurred in regards to the supply curve

Answers

Answer: Movement along Supply curve to new Quantity supplied

Explanation:

The Law of Supply holds that when the price of a good or service increases then all else being equal, the quantity supplied will increase as well.

For the Supply curve therefore, should the price of a good increase, there will be a movement (not a shift) along the supply curve to the new quantity that tallies with the quantity that the suppliers (Nike) would like to supply at that price.

A movement along the supply curve occurs when there is a change in price while a shift in the supply curve occurs when there is a change in quantity supplied even though the price remains constant.

People with high IQs also have psychic abilities. People with high SAT scores- which are comparable to high IQ scores- also probably have psychic abilities.

Answers

I've found this question online. We are supposed to state if this argument is deductive or inductive.

Answer:

This is an inductive argument.

Explanation:

We can safely say this argument is not a deductive one. The fact that SAT scores are comparable to IQ scores does not necessarily imply that they are equivalent. Therefore, the obligatory relationship between a high IQ and psychic abilities does not mean the same relationship occurs between high SAT scores and psychic abilities. For that reason, we can say this is an inductive argument. An inductive argument works from smaller premises to a larger one, which prevents us from having absolute certainty about the larger premise.

Which of the following increases the rate of fatty acid metabolism and decreases the rate of carbohydrate metabolism during aerobic exercise?
A) Fish oil
B) Caffeine
C) Alcohol
D) Magnesium

Answers

Answer:

Option A

Explanation:

In simple words, Fish oil improves the oxidation of fatty acids and reduces the oxidation of carbohydrate throughout exercise. Omega-3 is an important component of the diet and a variety of health effects have been linked with nutrients such as fish oil. However, eating much more fish oil will potentially take a strain on your wellbeing and contribute to adverse effects like elevated blood pressure and a higher probability of vomiting.

A substance that is capable of increasing the rate of fatty acid metabolism yet reducing the rate of carbohydrate metabolism is A. Fish oil

Fish oil:

Increases the rate at which fatty acids are oxidized Decrease the rate at which carbohydrates are oxidized Have a variety of health benefits

Fish oils are therefore recommended by medical professionals and dieticians for helping in the process of burning fat. It is not however recommended to eat it in excess.

In conclusion, fish oils help in the metabolization of fatty acids.

Find out more at https://brainly.com/question/6356482.

answer any one that u think u know

(9) Planning machinery in Ghana is:
(a) Centralised
(b) Decentralised/Centralised
(c) Departmentalised
(d) Compartmentalised

(11) Performance budgeting is based on:
(a) items of expenditure
(b) items of investment
(c) objectives of expenditure
(d) plan of implementation

(12) The concept of Politics-Administration dichotomy was given by:
(a) Frank Henry Goodnow
(b) James W. Fes1er
(c) W Paul Appleby
(d) Ordway Tead

(13) The form of Leadership in the bureaucracy of Ghana is:
(a) Aristocratic
(b) Democratic
(c) Dictatorial
(d) Paternalistic

(15) Formal relationship in an organization is based On:
(a) Friendship
(b) Peer groups
(c) Authority on subordinates
(d) Rules and Regulations

(16) The Ideal Model of bureaucracy is based on authority of:
(a) Tradition
(b) Charisma
(c) Legal rational
(d) Money

(17) Pressure groups in public administration work for:
(a) Public interest
(b) Self interest
(c) Foreign interest
(d) Sectoral interest

(18) Public Administration may be defined as:
(A) Management of industry
(B) Administration of Public
(C) Management of Property
(D) Administrative Capacity
(E) None of these

(19) The concept of "bounded rationality" was given by:
(A) Wax Weber
(B) F. W. Riggs
(C) Herbert Simon
(D) Abraham Maslow
(E) None of these

(20) Bureaucracy is based on:
(A) Traditional Authority
(B) Personal Authority
(C) Charismatic Authority
(D) Corporate Authority
(E) None of these

Answers

13) B. democratic
15) D. Rules and regulations
16) C. legal rational
17) A. public interest
19) C. Herbert Simon

The 2014 ACA Code of Ethics: contains few standards specifically related to counseling children. advises counselors to develop specialty competences before attempting to counsel children. advises counselors to consider that adolescents are more concerned about privacy than adult clients. requires counselors to notify parents or guardians when teens disclose they have used marijuana. advises counselors to report to police any instances of sexting among adolescents.

Answers

Answer:

contains few standards specifically related to counseling children.

Explanation:

The 2014 ACA Code of Ethics contains few standards specifically related to counseling children.

This includes not sharing some information with the parents where necessary.

Advising counselors to consider that adolescents are more concerned about privacy than adult clients, requiring counselors to notify parents or guardians when teens disclose they have used marijuana, advising counselors to report to police any instances of sexting among adolescents are all false

There are different types of code of conducts. The 2014 ACA Code of Ethics contains few standards specifically related to counseling children

ACA code of ethics are known to be ethical obligations of all ACA members and it gives guidance so as to inform the ethical practice of professional counselors.

The Code shows all ethical considerations needed for professional counselors and counselors-in-training. Ethics codes helps give professional standards for counselors with the purpose of protecting the dignity and well-being of clients. .

Learn more about ACA code of ethics from

https://brainly.com/question/15518285

The human population is currently following a J-shaped curve. This means that the population is growing

Answers

Answer:

yes

Explanation:

What are the 5 phases of life-span development according to psychology?

Answers

infancy, childhood, adolescence, and adulthood.

Answer:

The term lifespan development refers to age-related changes that occur from birth, throughout a persons' life, into and during old age. The 5 stages of lifespan development are: Infancy, Childhood, Adolescence, Early Adulthood, Middle Age, Older Age.

Explanation: Hope this Helped. I put 6 of the stages on accident. ;-;

Chantelle is interested in studying the effects of energy drinks on college student alertness. If she wants to test whether the consumption of energy drinks increases student alertness, the best research method is __________.

Answers

This question is incomplete because the options are missing; here is the complete question:

Chantelle is interested in studying the effects of energy drinks on college student alertness. If she wants to test whether the consumption of energy drinks increases student alertness, the best research method is __________.

A) Survey research

B) Naturalistic observation

C) Correlational research

D) Experimental research

The correct answer to this question is D) Experimental research

Explanation:

Experiment research allows researchers such as Chantelle to test the effect of a substance, medicine, etc. because in this research design half of the participants will receive the "special treatment", in this case, the drink; while half will not receive it or will receive a placebo (substance with no effect). In this way, if the substance or treatment has an effect on participants the research will know this by comparing those with the treatment (experimental group) and those without it (control group). This is ideal for Chantelle because in this way she will clearly know if the drink increases or decreases students' alertness.

Answer:

d

Explanation:

According to terror management theory, people are most likely to focus on protecting their health when:

Answers

Answer:

Thoughts of death are in direct conscious awareness.

Explanation:

According to Terror Management theory, Death anxiety influences people to embrace viewpoints that safeguard one‘s self-esteem, dignity,  sustainability, and also to genuinely think that they have a critical part to play inside a community .

People ought to shield themselves against their profound terror of leading a meaningless life doomed to be washed out by death. One way to overcome this concern is to ensure that they really are member of a significant community.

Other Questions
Urgent ! Use a table to compress the function y=f(x) vertically by 1/2 . Identify the graph of the function and its transformation . A-B-C- or D ? In LMN, \overline{LN} LN is extended through point N to point O, \text{m}\angle MNO = (5x-13)^{\circ}mMNO=(5x13) , \text{m}\angle NLM = (x-4)^{\circ}mNLM=(x4) , and \text{m}\angle LMN = (2x+19)^{\circ}mLMN=(2x+19) . Find \text{m}\angle NLM.mNLM A clock battery wears out after moving 10,900 C of charge through the clock at a rate of 0.450 mA. (a) How long (in s) did the clock run Janae has 280 dimes in her piggy bank she has 10 times as many pennies how many pennies does Janae have Steve had 48 chocolates but decided to give 8 chocolates to each of his coworkers. How many chocolates does Steve have left? Write your answer as an expression. John Stuart Mill, a pioneer of Utilitarian ethics, sought to find an objective morality through an ontological basis of morality.A. TrueB. False Sue deposited $1,500 into two different accounts.- She deposited $600 into an account that pays 7.5% simple interest.- She deposited $900 into an account that pays 6% compounded annually.If Sue does not deposit additional money into the accounts and she doesn't withdraw any money from the accounts, which is closest to the total balance she will have in the two accounts at the end of 5 years 1. Ms. Wagner loves to eat tomatoes. She wants to plant a garden and is trying to figure out how to grow plantswith more tomatoes. She plants three identical pots of tomato plants and gives them different amounts offertilizer. She keeps everything else the same (the amount of water, the amount of soil, amount of sun the plantsget). For one month, she records how many tomatoes each plant produces.Independent and dependent variables 1. What is an adverb?A. a word that connects words, phrases andclausesC. a word that modifies nouns and pronounsD. a word that is a person, place, thing or ideaB. a word that modifies verbs and some otherparts of speechWhat is the answer? Ingrid traveled to Jacksonville, texas, to watch baskets being made. she saw six shelves with 19 baskets on each shelf. how many baskets were on the shelves in all? .Write an application to your head teacher informing him/her aboutyour study tour. Include all your plans in it. Also ask for the helpyou would like to have from the school. You can invite him/her tojoin your study tour, too. What are the roots of the equation? 0=x4x3+4x26x12 Select all correct answers. 6 2 1 1 2 6 i6 i6 6 6 Contrast the picture of Justinian found in each excerpt from Procopius. How do you explain these two different views? Evaluate 6t -20-32u when t=6 and u=1/4 True or false. A thematic map uses contour lines which of the following is not a method of caculating percentage of body fat Consider the statement,Irrational numbers are closed under subtractionIs the statement true or false? If false, justify with a counterexamplefalse; The numbers 2 and 7 are irrational, but V2 - cannot be simplified to an irrational number.truefalse; The number 2 is irrational, but 2 - 2 = 0 and is not irrationalfalse; The numbers 10 and 6 are irrational, but/10V6 14 2 and 2 is not irrational Pennsylvania appears in blue on this map. This means thatElectoral Vote Counts by State, 2000,11NH4V337434558546101133MA 127RI 423CT 822 1221NJ 151113 DE 38MD 101114DC 2687 913925Republican winDemocratic win5832 if Emily cheese in a speaking and writing in English or taken into consideration you will in fact realise that mine seem Nothing by notice or invention or emphasise or contrast which one Two causes, effects and solutions of Deforestation.