# microeconomics

Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What quantity of output will a typical firm produce?

a.10
b.20
c.30
d.40

Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What is each firm’s profit?

a.\$0
b.\$200
c.\$400
d.\$800

1. 👍
2. 👎
3. 👁
1. 10

1. 👍
2. 👎
2. 1. 40
2. 400

1. 👍
2. 👎
3. 20

1. 👍
2. 👎

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