[Solution] A firm in a perfectly competitive industry has this cost function: TC = 2700 + 3q2 If market demand is QD = 1500 - 5P, what is an individual
Question: A firm in a perfectly competitive industry has this cost function: TC = 2700 + 3q2
- If market demand is QD = 1500 – 5P, what is an individual firm’s optimal price, output, and profit? What is the industry’s total price and output? How many firms are there in the industry?
- Now, if demand increases to QD = 2400 – 5P, what is the short-run optimal price, output and profit? What is the industry’s total price and output? How many firms are there in the industry?
- What happens in the long-run ?
Deliverable: Word Document 
(See Steps) Solve the following differential equations t (d^2 x)/(d
![[All Steps] Suppose that u_1 and u_2](/images/solutions/MC-solution-library-40605.jpg "[All Steps] Suppose that u_1 and u_2 are linearly independent")
[All Steps] Suppose that u_1 and u_2 are linearly independent
![[Solved] Use Laplace transform and the convolution](/images/solutions/MC-solution-library-40606.jpg "[Solved] Use Laplace transform and the convolution theorem to")
[Solved] Use Laplace transform and the convolution theorem to
(Steps Shown) Solve the following differential equations t (d^2 x)/(d
(See Solution) Suppose that u_1 and u_2 are linearly independent solutions
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