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Suppose there are two technologies for producing steel.... Suppose there are two technologies for producing steel. Under technology A, a firm's short-run total cost 2

Suppose there are two technologies for producing steel....

Suppose there are two technologies for producing steel. Under technology A, a firm's short-run total cost 2 curve is STC (q) = - q2 +100q +10 (for which SMC (q) = q +100 ), and using technology B it is STCB (q) = 2q2 +6 (SMC; (q) = 4q). Assuming there are 100 firms using technology A and 400 using B, determine the short-run market supply curve

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