SI_562_Assignment_4_AnswerKey

SI_562_Assignment_4_AnswerKey - Ch.10 Q7 a. S D Q P P Q = +...

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Unformatted text preview: Ch.10 Q7 a. S D Q P P Q = + =- = 4 20 20 212 52 , 8 $ = = = S D Q Q P b. At P=$6, 44 ) 6 ( 4 20 ; 92 ) 6 ( 20 212 = + = =- = S D Q Q c. At P=$9, 56 ) 9 ( 4 20 ; 32 ) 9 ( 20 212 = + = =- = S D Q Q d. S D Q P P Q = + =- = 6 20 20 212 3 . 64 , 385 . 7 $ = = = S D Q Q P e. S D Q P P Q = + =- = 6 20 19 250 2 . 75 , 2 . 9 $ = = = S D Q Q P Ch.10 Q11 a. S Q TC VC FC TC 5 . 4000 + = + = b. 5 . = = S dQ dTC MC c. 4000 3 4000 3 4000 3 4000 12000 2 D D D D D D D Q Q TR Q Q TR Q P P Q P Q TR- = - =- =- = = d. 2000 3 D Q dQ dTR MR- = = e. Q Q Q TP Q Q Q TP TC TR TP 5 . 4000 4000 3 ) 5 . 4000 ( 4000 3 2 2--- = +- - =- = 4000 4000 5 . 2 2-- = Q Q TP 2000 5 . 2 2000 5 . 2 Q Q dQ dTP = =- = 4000 4000 5000 5000 * 5 . 2 2250 4000 5000 3 75 . 1 5000 2-- = =- = = = TP P Q f. 5000 5 . 2 2000 5 . 2000 3 =- =- =- = Q Q Q MC MR g. Short Run Pure competition/ Monopoly Ch.10 Q12 a. Market Price: 250=P 150 40 3 3 40 400 250 250 \ 3 40 400 250 20 400 6000 2 2 2 3 2 +- = +- = = = = +- =...
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SI_562_Assignment_4_AnswerKey - Ch.10 Q7 a. S D Q P P Q = +...

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