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Economics

Q1. Sally's firm produces granola bars with a fixed cost of 10 (this cost is already sunk). Her variable cost function is VC = q2 + 2q. Assuming the market for granola bars is competitive, derive Sally's supply function? What is Sally's surplus if the market price is 6? What is her profit? Does she want to stay in this market? Explain.

Q2. What is a one invention that had good impact on the international economy and why. What were the impacts of this invention? Were impact good or bad?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9721300

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