Home » attached is the graphs associated with this question any help would be appreciated. Long Run in a Perfectly Competitive Market The graphs below

# attached is the graphs associated with this question any help would be appreciated. Long Run in a Perfectly Competitive Market The graphs below

attached is the graphs associated with this question any help would be appreciated.Long Run in a Perfectly Competitive Market

The graphs below depict the perfectly competitive market for apples on the left and Farmer John’s perception of the market for apples as an individual farmer on the right. Assume Farmer John’s costs are represented by SRATC-1.  In the long run, will Farmer John choose a high, medium, or low level of capital for his farm? Indicate the SRATC curve associated with John’s decision. Explain what is going on in the short run for John’s apple farm (drawing a typical MC curve might be helpful).

Is the equilibrium price depicted here a long-run equilibrium? How do you know? If not, what will happen to move the market towards the long-run? Show the change the moves the market towards the long run equilibrium and label the long run equilibrium price, market quantity, and John’s long run quantity produced.

So I understand that the market is the price maker and that this graph must be in the short run because the demand and supply intersection do not seem to be equal with the lowest point on the lratc curve. but I am not sure about the other points like how to show the changes that move the market to the long run? or what about farmer john choosing a high med or low capital for his farm?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.