If in a question function of demand curve is given and cost function is given than how to find supply curve and industrial supply curve?
for example som given
In a perfectly competitive industry, market demand curve is given by QD = 100 - 5P . There are 100
identical firms in the industry each having the cost function C = 100 + .8q + 2q 2 . Derive the firm’s
supply curve, industry supply curve and hence the equilibrium price and quantity that prevail in the
industry in the short run.
Last edited by a moderator: Nov 17, 2013
