Determine the short run supply curve

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Reference no: EM133531542

Question: At a price of $21 will the firm produce in the short run? If so, what is the profit or loss?

Same questions as #1 except use a price of $34?

Same questions as #1, except use a price of $45?

From the information in the table, can you determine the short run supply curve? If so, what would it be? What would happen at the $45 price level in the long run, to profits, price, number of firms in the industry, assuming constant costs

Reference no: EM133531542

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