Solution-Derive the firm individuals supply function

Derive the firm individuals supply function

Reference no: EM132476120

Consider a firm with the following cost function C(Q) = 2*Q^2 + 100

a) Derive the firm's individuals supply function p=4Q which is p = mc(y)

b) What is the producers surplus if the per-unit of the output good is p=40? Since Producers Surplus = p*y(p) - mc(y)dy = 40*10 - 4*10 = 360

c) What is the firm's profit if the per-unit price of the output good is p=40? 400 - 200 - 100 = $300 profit

Reference no: EM132476120

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Derive the firm individuals supply function

Reference no: EM132476120

Reference no: EM132476120

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