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consider a competitive branch made up of 30 firms of two types. tHE 15 FIRMS OF first type are identical with the cost function:C=0.5(Q) q
consider a competitive branch made up of 30 firms of two types. tHE 15 FIRMS OF first type are identical with the cost function:C=0.5(Q) q being the production of one of the frims of this type. Firms of the second type are identitcal with the cost function C=1.5(q2)^2 +(q2) + 1.5. q2 being the production of one of he firms we note p the price of the product Determine the overall suppy of the 15 type 1 firms. b)calculate the brea-even point for type 2 firms. c0 demetermine the overall supply of the 15 type 2 firms.d) determine the indystrys overall suplly for p=4 e)the overall demand for the product is writter q* = 127-2p calculate equilibriam price. f)is this a sable equilibriam or notx
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