Ask a New Question

Asked by Shafii

A perfect competitive industry has 100 identical firms each of which has the following short run cost function
TC=10+1/300q²-0.2+4q
Find the representative firms short run supply function.
What is the industry supply function
2 years ago

Answers

There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer


We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Related Questions

what is a competitive relationship name explain examples perfectly competitive industry. Each firm having identical cost structures. long-run average cost is... In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is... Past perfect or present perfect. A reporter has interviewed him several times. Past perfect or present perfect. Raj has told the reporter about his new ideas. Present perfect or past perfect. The two have worked together to write a book. Present perfect, past perfect or future perfect. This month, we have learned about the great sphi... Whenever I see a competitive game of Ultimate Frisbee, I AM INSPIRED TO JOIN A TEAM. Which t... In a perfect competitive market setting,which of the following would be a true statement? a)market... In a perfect competitive market, the level of short run and long run economic profits are determined...
Submit Your Answer

Question

A perfect competitive industry has 100 identical firms each of which has the following short run cost function
TC=10+1/300q²-0.2+4q
Find the representative firms short run supply function.
What is the industry supply function

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use