Question
Suppose a chemical company is in a perfectly competitive industry and has a short run total cost curve of TC = 1/3q 3 + 5q
Suppose a chemical company is in a perfectly competitive industry and has a short run total cost curve of TC = 1/3q3 + 5q2 + 10q + 10 and a short run marginal cost of SMC = q2 + 10q + 10. At the price of 49, how many will be produced?
Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1. If market demand is given by QD = 1050 - 50P, how much will the individual firm produce?
Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1. The supply curve for each firm is
Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1. If market demand is given by QD = 1050 - 50P, what is the equilibrium price?
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