Top Posters
Since Sunday
T
2
g
1
New Topic  
fatsoulmh fatsoulmh
wrote...
Posts: 146
Rep: 0 0
2 years ago
The Short Run Industry Supply Curve

The table shows the output per day and total cost for a single firm in a perfectly competitive industry.

Output per dayTotal Cost
0$134​
1$248​
2$337​
3$456​
4$586​
5$745​
Assume there are 600 identical firms in this industry. What is the quantity supplied by the market when price = $119? When price is $159?

▸ 1200, 2400

▸ 2400, 1200

▸ 1800, 3000

▸ 3000, 1800
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 85 times
1 Reply
Replies
Answer verified by a subject expert
schoolkidchuckschoolkidchuck
wrote...
Posts: 140
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 490 words.
1

Related Topics

fatsoulmh Author
wrote...

2 years ago
Helped a lot
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1731 People Browsing
Related Images
  
 353
  
 361
  
 1029
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 388