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Derivation of supply function.

There are 10 identical firms that have the common cost function c(y) = y2 + 4. The industry demand function is given by X (P) = 2000/P

(a) Derive the industry's supply function.

(b) Derive the company's equilibrium price and output. What is the output of each firm?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917891

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