1
answer
0
watching
124
views
11 Sep 2018
2. You are told that in the short run there are 200 firms, including this one, in the industry, all with the same cost curves described above. Suppose that the demand curve facing the industry is given by the equation P= 38-.0040 where P is the price per unit and Q is the number of units demanded per day. The equilibrium price in the short run is: (A) $10 (B) $16 (C) $18 (D) $20 (E) $22 (F) $24 (G) $26 (H) $30 (1) $32 (J) $34
2. You are told that in the short run there are 200 firms, including this one, in the industry, all with the same cost curves described above. Suppose that the demand curve facing the industry is given by the equation P= 38-.0040 where P is the price per unit and Q is the number of units demanded per day. The equilibrium price in the short run is: (A) $10 (B) $16 (C) $18 (D) $20 (E) $22 (F) $24 (G) $26 (H) $30 (1) $32 (J) $34
Elin HesselLv2
12 Sep 2018
