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Modern cost curves theory
given short run total cost curve :10q^2+4q=100 and short run marginal cost MC=20q+4 and market demand Q=100-p what''s the equation of the short run supply curve?
assumptions
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
when does market equilibrium occur?
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