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5. Now, you can ignore the long-run situation. Think again about the short run. This firm's shut down price is: A) $0 B) $126 C) $136 D) $141 E) $144 F) $146 G) $147 H) $148 I) $156 J) none of the above

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20 Jun 2018
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Related questions

6. We are now in a new short-run situation with 400 firms in the industry and the same cost curves described at the beginning of this set of questions. Now, imagine that the industry demand curve falls to P = 246 - 0250. When the industry settles down into a new short-run equilibrium, what will be the new equilibrium price? A) $ 0 B ) $126 C) $136 D) $141 E) $144 F) $146 G) $147H ) $1481 ) $156 J) none of the above

24. Again, the government places a $30 per unit tax on the buyers of widgets. At the new equilibrium, the price paid by buyers (including the tax paid) will be: A) $120 B) $123 C) $126 D) $129 E) $132 F) $135 G) $138 H) $141 1) $144 J) $147 K) $150 L) $153 M) $156 N) $159 O) $162 P) $165 Q) $168 R) $171 S) $174 T) $177 U) $180 V) $183 W) $240 X) $1500 Y) $3000 Z) none of the above

23. The government places a $30 per unit tax on the buyers of widgets. At the new equilibrium, the price received by sellers will be: A) $120 B) $123 C) $126 D) $129 E) $132 F) $135 G) $138 H) $141 1) $144 J) $147 K) $150 L) $153 M) $156 N) $159 0) $162 P) $165 Q) $168 R) $171 S) $174 T) $177 U) $180 V) $183 W) $240 X) $1500 Y) $3000 Z) none of the above

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