## Question

###### Assume Pork and chicken market in China is perfectly competitive and 1000 firms are producing the...

Assume Pork and chicken market in China is perfectly competitive and 1000 firms are producing the pork. Following equations shows the TC for the production for short run and long run.

Qd = 5000-4p

STC(q) = 100 + 10q +q2

TC(q) = 100q – 2q2 + 0.2 q3

13.6 What is the short run shut down price, Ps?

13.7 Given 13.6, what is the equation for the short run supply curve for a producer?

13.8 What is the short run market supply curve?

13.9 Find the short run EQ P* , Q* and q*

13.10 Derive the profit function, π, and calculate the profit

13.11 What will happen in the market and what can you predict the number of firms in the LR

Please show how you get your answers

## Answers

#### Similar Solved Questions

2 answers

##### A rectangle is bounded by the x-and y- axes and the graph of y = -1/2x + 4

A rectangle is bounded by the x-and y- axes and the graph of y = -1/2x + 4. a.) Find the area of the rectangle as a function of x. b.) Complete the following table x area 1 2 4 6 7 c.) What is the domain of this function?...

1 answers

##### How do you convert r=2 sin(θ+pi/3) from polar to rectangular form?

How do you convert r=2 sin(θ+pi/3) from polar to rectangular form?...

1 answers

##### A slide projector uses a thin lens with a focal length 132 mm to project a...

A slide projector uses a thin lens with a focal length 132 mm to project a clear image on a screen located 10.5 m from the lens. Calculate the distance the slide is from the lens and the magnification obtained. 513 mm, m = -20.5 134 mm, m = -78.4 154 mm, m =-54.9 513 mm, m = 20.5 585 mm, m = -17.9...

1 answers

##### Applied Statistics Use the following to answer questions a - e: Note: if u are using...

Applied Statistics Use the following to answer questions a - e: Note: if u are using a picture in ur answer, make sure its clear! Problem 1: A 2012 study investigated the impact of psychological stress on men's judgments of female body size. The men were randomly assigned to one of two groups; o...

1 answers

##### What are the three different ways that heat can be transferred from one object to another Explain each method

What are the three different ways that heat can be transferred from one object to another Explain each method...

1 answers

##### Player.meducation.com Homepage - DSC-304-04-05 Production Connect -Class: Noland ACC 308 Fall 2019 MHE Reader a A...

player.meducation.com Homepage - DSC-304-04-05 Production Connect -Class: Noland ACC 308 Fall 2019 MHE Reader a A 6 Euclid Corporation processes a patented chemical, P-I, and produces two outputs, P.11 and 12. In August, the costs to process PI are $144,000 for materials and $288.000 for conversion ...

1 answers

##### The current difficulties experienced when developing an adequate system of long-term care pale in comparison to...

The current difficulties experienced when developing an adequate system of long-term care pale in comparison to the challenges ahead as the “baby boomers” come of age. Many people question whether Medicare will be able to handle the baby boomers that are now starting to retire. What spe...

1 answers

##### 80 N 6. A force of 80 N is applied to the handle of the pliers...

80 N 6. A force of 80 N is applied to the handle of the pliers as shown. Determine the clamping force exerted on the smooth pipe B and the magnitude of the force at pin A. Answers must be supported with relevant free-body diagrams and equilibrium equations AO 50 mm 45 250 mm SON...

1 answers

##### 3.00-kg block starts from rest at the top of a 36.0° incline and slides 2.00 m...

3.00-kg block starts from rest at the top of a 36.0° incline and slides 2.00 m down the incline in 1.30 s. (a) Find the frictional force acting on the block....

1 answers

##### ^b Given input( 66, 28, 43, 29, 44, 69, 19) and a hash function h(x) =...

^b Given input( 66, 28, 43, 29, 44, 69, 19) and a hash function h(x) = x mod 10, show the resulting hash table 1) Using Separate Chaining 2) Using Linear Probing 3) Using Quadratic Probing 4) Starting with the following hash function: h2(x) 7- (x mod 7), applv Rehash ary course slides ing as descri...

1 answers

##### 2. Southeastern Bell's basic cellular phone plan cost $19 for the first 15 (or fewer) minutes...

2. Southeastern Bell's basic cellular phone plan cost $19 for the first 15 (or fewer) minutes each month and 55 cents for each additional minute. Bell North has a plan that charges $30 for the first 30 (or fewer) minutes each month and 39 cents for each additional minute. Under what conditions i...

1 answers

##### Deacon Company is a merchandising company that is preparing a budget for the three-month period ended...

Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilitie...

1 answers

##### Of the 98 participants in a drug trial who were given a new experimental treatment for...

Of the 98 participants in a drug trial who were given a new experimental treatment for arthritis, 56 showed improvement. Of the 92 participants who were given a placebo, 49 showed improvement. Construct a two way table for this data and then use a 0.05 significance level to test the claim that impro...

1 answers

##### 3 A tilting level was checked by the two-peg test method and the following staff readings...

3 A tilting level was checked by the two-peg test method and the following staff readings were obtained: Staff position Peg X Peg Y Peg Y Peg X Staff reading 0.975 1.235 1.480 1.300 Distance to staff (m) 40 40 Instrument position Mid-way between peg X and peg Y Over peg X Calculate the amount of ins...

1 answers

##### Sales (1000s of gallons) 18 Week 19 23 17 16 20 17 23 19 10 12...

Sales (1000s of gallons) 18 Week 19 23 17 16 20 17 23 19 10 12 a. Compute four-week and five-week moving averages for the time series. If required, round your answers to two decimal places. 4 Period Period Moving ge Average Moving Averag WeekSales 18 19 23 17 16 19.6x 20.25 V 1911 19.4| 20 19.2x 19....

1 answers

##### On January 1, 2020, Redmond Company purchased 3,000 of the 15,000 outstanding shares of common stock...

On January 1, 2020, Redmond Company purchased 3,000 of the 15,000 outstanding shares of common stock of Decca Computer (DC) Corporation for $80,000 cash as a long-term investment (the only long-term equity invest- ment held). The assets and liabilities of DC Corporation at the date of purchase appro...

1 answers

##### The creation and carrying of accounts receivable has both direct and indirect costs, but it can...

The creation and carrying of accounts receivable has both direct and indirect costs, but it can also have the enormous benefit of increasing sales. Let’s talk about how you would establish a brand new credit department in a company whose approval is required for all sales. What would you do fi...

1 answers

##### Bility < 2 of 8 Thinking About the Mean If five data points have a mean...

bility < 2 of 8 Thinking About the Mean If five data points have a mean value of 3, what must be true about any, or all of the points? Share with Class 10 20 30 bility Thinking About Mean and Median How are the calculations for mean and median similar? How are they different? 6'0" 58- 5&#...

1 answers

##### 250 45. Record your results below. Number of purple, smooth kernels Number of purple, wrinkled kernels...

250 45. Record your results below. Number of purple, smooth kernels Number of purple, wrinkled kernels Number of yellow, smooth kernels - Number of yellow, wrinkled kernels 46. What are the phenotypes of the Fz generation? a 92 se = 495 of the Fı generation 47. What are the genotypes of the F2 ...