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What is the short-run supply curve

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Reference no: EM133080336

Suppose that identical firms in a competitive market have following cost function:C(q) = 100 + 4q2

What is the short-run supply curve for each firm (q as a function of p)?

Suppose the market demand is QD = 1280 - 30p and the market supply curve is QS = 10p. Find the short-run equilibrium market quantity and price.

How much will each firm produce? What are each firm's profits? How many firms are there in the market?

Reference no: EM133080336

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