Homework answers / question archive / A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P

A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P

Economics

Share With

A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month.

What is the vertical intercept of the demand curve?

A. 100,000

B. 0.50

C. 500,000

D. 0.20

Option 1

Low Cost Option

Download this past answer in few clicks

2.88 USD

PURCHASE SOLUTION

Already member? Sign In

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 3 times

Completion Status 100%

View Answer

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)

Related Questions

The behaviour of imperfectly competitive firms is similar to that of firms in other types of market structures firms in perfectly competitive markets or monopolies in that imperfectly competitive firms and A
Managerial Economics ARE 100A University of California Davis Spring Quarter 2008 Homework 2 Due Friday April 11 2008 1Draw the indifference curves for the following individualsrsquo preferences for two goods hamburgers and beer
What is the response in a firmrsquos labour demand to a fall in the price of capital How might such a change in the price of capital impact low and high skilled workers Illustrate your answer with diagrams and or a model 500 WORD COUNT NO PLAGIARISM
GoalTo work as a Corporate Economist using your understanding of the laws of supply and demand and elasticity to successfully predict the impact of economic changes upon your company39s production Roleyou are an economist employed by a major corporation to predict the impact of economic changes upon your company and suggest how the company should adjust its production in response to those changes
Some vending machines on college campuses sell identical items such as a bag of potato chips for two different prices
Why is it important for a business owner to know about macroeconomics
Chapter 15 Fiscal Policy 1 Which of the following does not reflect the state of the tax system in the United States today A The tax laws have become increasingly simplified as private citizens have demanded these changes
Moodle community Moodle Docs English United States en us Outsourcing is considered to be Select one O a
Answer true or false The saving rate gross domestic saving as a of GDP in Singapore a small open economy was 48 in 2017 while the investment rate domestic investment as a of GDP was 25
Suppose perfect competition prevails in the market for hotel rooms

menu