What is the rms pro t and producer surplus

Reference no: EM133613885

Problem: For a rm with total cost function C(qi) = 20 1 20 q3 i 1 2 q2 i 2qi; Find the rm's supply curve/function. If the rm faces a price of $7, how many units will the rm produce? What is the rm's pro t and producer surplus? (Find the market supply curve/function if there are 20 identical rms in the market.

Reference no: EM133613885

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