Posts by timmy
Total # Posts: 109
thank you economyst. I have been doing it correctly :) except for industry supply curve as 50q-500. Is that correct?
am i doing this correctly? total output = 1000. output of each firm 20. number of firms 50. ?finding equilibrium price and profits from firms?
perfectly competitive industry. Each firm having identical cost structures. long-run average cost is minimized at an output of 20 units. Minimum average cost is $10 per unit. total market demand is Q=1500-50P. What is the long-run equilibrium price? Total industry output? ...
yes, subscript i. don't know how to type that here. i don't have my equations with me so i'm still not quite sure how to get the equilibrium and profits? (did i do the other correctly?) There is a lot more for this problem too. I will probably be asking more ...
perfectly competitive. So horizontal supply schedule?
This is what I have, qi=20, AC(average cost)=10, and (total market demand) Q=1500-50p. What is the industry's long-run supply schedule?
the big idea of energy
I'm also doing the Iron/Sulpher thing. I've gotta make a poster and I need to explain the reaction using the Big Idea of Energy but I don't know what it is can any one help???
what happens the first time that buck answers the call of the wild? http://www.sparknotes.com/lit/call/ =)
Help me unscramble "laviote"