Question
Construct a short-run supply function for a firm whose short-run cost function is
C= = 0.04q^3 – 0.8q^2 +10q+5
3. The long run cost function for each firm is
C = q^3 – 4q^2 + 8q.
Find the industry’s long run supply curve. If the market demand curve is is D = 200 – 10p, find equilibrium price, total output, firm output and number of firms.
C= = 0.04q^3 – 0.8q^2 +10q+5
3. The long run cost function for each firm is
C = q^3 – 4q^2 + 8q.
Find the industry’s long run supply curve. If the market demand curve is is D = 200 – 10p, find equilibrium price, total output, firm output and number of firms.
Answers
anesoabduselam.gmail.com
Tc=Q^4-12Q+100Q+36 find average total cost