Globecirc

# Globecirc - I guess that the circumference of the earth is...

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Unformatted text preview: I guess that the circumference of the earth is about: 5 , m i l e s 1 , m i l e s 1 5 , m i l e s 2 5 , m i l e s 3 , m i l e s 3 5 , m i l e s 4 5 , m i l e s 5 5 , m i l e s 6 5 , m i l e s 7 5 , m i l e s 2% 2% 4% 24% 4% 14% 13% 11% 15% 12% 1. 5,000 miles 2. 10,000 miles 3. 15,000 miles 4. 25, 000 miles 5. 30,000 miles 6. 35,000 miles 7. 45,000 miles 8. 55,000 miles 9. 65,000 miles 10. 75,000 miles The circumference of the earth is about: 5 , m i l e s 1 , m i l e s 1 5 , m i l e s 2 5 , m i l e s 3 , m i l e s 3 5 , m i l e s 4 5 , m i l e s 5 5 , m i l e s 6 5 , m i l e s 7 5 , m i l e s 1% 0% 3% 59% 2% 4% 3% 3% 16% 9% 1. 5,000 miles 2. 10,000 miles 3. 15,000 miles 4. 25, 000 miles 5. 30,000 miles 6. 35,000 miles 7. 45,000 miles 8. 55,000 miles 9. 65,000 miles 10. 75,000 miles What is it really? • 24,901 miles Firms in an industry have \$500 fixed costs, variable costs of \$20 per unit, and capacity of 50 units. In the long run there is free entry and exit. What is the long run equilibrium price?...
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Globecirc - I guess that the circumference of the earth is...

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