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Author Question: The Short Run Industry Supply CurveThe table shows the output per day and total cost for a single ... (Read 33 times)

curls713

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on: Nov 23, 2022
The Short Run Industry Supply Curve

The table shows the output per day and total cost for a single firm in a perfectly competitive industry.

Output per dayTotal Cost
0$134​
1$248​
2$337​
3$456​
4$586​
5$745​
Assume there are 600 identical firms in this industry. What is the quantity supplied by the market when price = $119? When price is $159?
◦ 1200, 2400
◦ 2400, 1200
◦ 1800, 3000
◦ 3000, 1800
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by curls713 on Nov 23, 2022

sadoniam

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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curls713

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

jojobee318

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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