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Home Q & A Board Other Fields Homework Help Business Economics
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djsmyers djsmyers
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6 years ago
Suppose that there are 80 firms in a market, each with the following cost function:
      C(q) = 100 + 4q2
a.   Derive the short-run market supply curve.
b.   Suppose the market demand is
      QD = 1280 - 30p
   Find the equilibrium market quantity and price.
c.   How much output will each firm produce? How much profit is each firm making?
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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6 years ago
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* Majoring in business & math

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djsmyers Author
wrote...

6 years ago
Thanks for your help!!
Holly72492
wrote...

Yesterday
Helped a lot
Danivalda
wrote...

2 hours ago
Good timing, thanks!
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