{"id":210795,"date":"2018-09-14T12:52:08","date_gmt":"2018-09-14T12:52:08","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/14\/eco-550-week-6-dq-1-market-structures\/"},"modified":"2018-10-24T08:43:46","modified_gmt":"2018-10-24T08:43:46","slug":"eco-550-week-6-dq-1-market-structures","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/eco-550-week-6-dq-1-market-structures\/","title":{"rendered":"ECO 550 Week 6 DQ 1 Market Structures"},"content":{"rendered":"<p>ECO\u00a0550\u00a0Week\u00a06\u00a0Discussion\u00a01\t\u00a0\t&#8220;Market\u00a0Structures&#8221;\u00a0Please\u00a0respond\u00a0to\u00a0the\u00a0following:\t\u00a0\t\u00b7 \ufffd\u00a0\u00a0\u00a0*\u00a0From\u00a0the\u00a0scenario,\u00a0assuming\u00a0Katrina&#8217;s\u00a0Candies\u00a0is\u00a0operating\u00a0in\u00a0the\u00a0monopolistically\u00a0competitive\u00a0market\u00a0structure\u00a0and\u00a0faces\u00a0the\u00a0following\u00a0weekly\u00a0\tdemand\u00a0and\u00a0short-run\u00a0cost\u00a0functions:\t\u00a0\tVC\u00a0=\u00a020Q+0.006665\u00a0Q2\u00a0with\u00a0MC=20\u00a0+\u00a00.01333Q\u00a0and\u00a0FC\u00a0=\u00a0$5,000\t\u00a0\tP\u00a0=\u00a050-0.01Q\u00a0and\u00a0MR\u00a0=\u00a050-0.02Q\t\u00a0\t*Where\u00a0price\u00a0is\u00a0in\u00a0$\u00a0and\u00a0Q\u00a0is\u00a0in\u00a0kilograms.\u00a0All\u00a0answers\u00a0should\u00a0be\u00a0rounded\u00a0to\u00a0the\u00a0nearest\u00a0whole\u00a0number.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ECO\u00a0550\u00a0Week\u00a06\u00a0Discussion\u00a01 \u00a0 &#8220;Market\u00a0Structures&#8221;\u00a0Please\u00a0respond\u00a0to\u00a0the\u00a0following: \u00a0 \u00b7 \ufffd\u00a0\u00a0\u00a0*\u00a0From\u00a0the\u00a0scenario,\u00a0assuming\u00a0Katrina&#8217;s\u00a0Candies\u00a0is\u00a0operating\u00a0in\u00a0the\u00a0monopolistically\u00a0competitive\u00a0market\u00a0structure\u00a0and\u00a0faces\u00a0the\u00a0following\u00a0weekly\u00a0 demand\u00a0and\u00a0short-run\u00a0cost\u00a0functions: \u00a0 VC\u00a0=\u00a020Q+0.006665\u00a0Q2\u00a0with\u00a0MC=20\u00a0+\u00a00.01333Q\u00a0and\u00a0FC\u00a0=\u00a0$5,000 \u00a0 P\u00a0=\u00a050-0.01Q\u00a0and\u00a0MR\u00a0=\u00a050-0.02Q \u00a0 *Where\u00a0price\u00a0is\u00a0in\u00a0$\u00a0and\u00a0Q\u00a0is\u00a0in\u00a0kilograms.\u00a0All\u00a0answers\u00a0should\u00a0be\u00a0rounded\u00a0to\u00a0the\u00a0nearest\u00a0whole\u00a0number.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210795","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210795"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210795\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}