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Imagine a firm in a perfectly competitive market has the short run cost function SRTC = 450 + 511 + 0.5112, where q is the
Imagine a firm in a perfectly competitive market has the short run cost function SRTC = 450 + 511 + 0.5112, where q is the number of units they produce. What is the equation that describes the supply curve for the firm, not incorporating the shut down price? 0 q=P-5 o q=O.5P-5 O q=O.1P-5 O q=5+P o q=5+o.5P O q=5+0.1P
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