Business, 21.11.2019 03:31 fruitsnaxFTW5535

You are the manager of a firm that produces a product according to the cost function c(qi) = 160 + 58qi – 6qi2 + qi3.

determine the short-run supply function if: (note: q^2 is equivalent to q2)a. you operate a perfectly competitive business. a. p = 35 - 15q + 3q^2 if p is greater than or equal to $52; otherwise the firm produces zero units.
b. p = 40 - 8q + 2q^2 if p is greater than or equal to $55; otherwise the firm produces zero units.
c. there is no supply curve in this case.
d. p = 58 - 12q + 3q^2 if p is greater than or equal to $49; otherwise the firm produces zero units. b.you operate a monopoly. a. p = 35 - 15q + 3q^2 if p is greater than or equal to $52; otherwise it produces zero units.
b. there is no supply curve in this case.
c. p = 58 - 12q + 3q^2 if p is greater than or equal to $49; otherwise, the firm produces zero units.
d. p = 40 - 8q + 2q^2 if p is greater than or equal to $55; otherwise, the firm produces zero units. c. you operate a monopolistically competitive business. a. p = 35 - 15q + 3q^2 if p is greater than or equal to $52; otherwise, the firm produces zero units.
b. there is no supply curve in this case.
c. p = 40 - 8q + 2q^2 if p is greater than or equal to $55; otherwise, the firm produces zero units.
d. p = 58 - 12q + 3q^2 if p is greater than or equal to $49; otherwise, the firm produces zero units.

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