Top Posters
Since Sunday
New Topic  
MrsAngelD MrsAngelD
wrote...
Posts: 322
Rep: 7 0
7 years ago
Suppose in the automobile industry with free entry and exit, the marginal cost is constant at $5,000, two identical manufacturers are currently producing 1,000 cars each and earning zero economic profit. If the equilibrium price is $20,000, then what is the fixed cost for each manufacturer?
A) $20,000,000
B) $15,000,000
C) $5,000,000
D) $10,000,000
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 76 times
1 Reply
Replies
Answer verified by a subject expert
RumkoRumko
wrote...
Posts: 279
Rep: 7 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

MrsAngelD Author
wrote...

7 years ago
This helped my grade so much Perfect
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  283 People Browsing
Related Images
  
 148
  
 1756
  
 751
Your Opinion
What's your favorite funny biology word?
Votes: 455