Derive the supply curve for individual firm

Assignment Help Business Economics

Reference no: EM131092358

Assume that a firm faces the following cost function-

TC(q)= 100+10q^2

A) Derive the supply curve for this individual firm.

B) If market price is equal to p=50 what quantity would be supplied?

C) There are only 10 firms in the market. Derive market supply curve.

D) Assume demand is given by: P=100-Q. What would be the equilibrium price and quantity with only 10 firms in the market in the short term?

E) With free entry and exit and identical firms what would be the long term supply curve for this industry?

Reference no: EM131092358

Questions Cloud

Derive the supply curve for this individual firm : Derive the supply curve for this individual firm. If market price is equal to p=40 what quantity would be supplied? What would be quantity supplied if p=20? With free entry and exit and identical firms what would be the long term supply curve for thi..

Econ disecon scale schools : The author of the news article titled "Econ Disecon Scale Schools" in the News folder notes that for years school districts have been consolidated to form fewer, bigger districts because people thought bigger districts would enable the production of ..

Pure competition-monopoly-monopolistic or oligopoly : Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and ill..

Additional workers and observe that output rises : You are hired to run a company that produces computers. Your first month on the job you hire 10 additional workers and observe that output rises by 100 computers. If you were to hire another 10 additional workers in your second month on the job would..

Derive the supply curve for individual firm : Derive the supply curve for this individual firm. If market price is equal to p=50 what quantity would be supplied? There are only 10 firms in the market. Derive market supply curve. Assume demand is given by: P=100-Q. What would be the equilibrium p..

Example of expansionary-contractionary fiscal policy : Aspects of fiscal policy Suppose the economy had been producing at natural real GDP but is now experiencing a recession. Which of the following are discretionary fiscal policies that could bring the economy closer to natural real GDP? In the precedi..

Makes the wings of the new boeing : Mitsubishi Heavy Industries makes the wings of the new Boeing 787 Dreamliner in Japan. Toyota assembles cars for the U.S. market in Kentucky. If any parts for the cars come from Japan, the parts are Japanese imports. When the wings are sent to the Un..

In two player game in which player has only two strategies : In a two player game in which each player has only two strategies,

If players in two player game play nash equilibrium : If players in a two player game play a Nash equilibrium

User Account

All Pages