Business, 20.09.2020 18:01 Tweektweak

Assume a supply equation: where: p = own price pi = price of an input = $ Q = quantity supplied (thousands of units) N = number of firms = T = index of technology = w = wage rate = $ The quantity supplied as a function of the price can be written: Q = 0.1 p If the price of the good is $, what would be the quantity supplied? 2.3 thousand units.

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Assume a supply equation: where: p = own price pi = price of an input = $ Q = quantity supplied (tho...

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