Suppose that there are two types of firms in a perfectly competitive market. Firms of type A have costs given by CA(q) = 30q2 + 10q. Firms of type B have costs given by CB(q) = 50q2 + 10. ( dCA dq = 60q + 10 and dCB dq = 100q). There are 60 firms of type A and 100 firms of type B. Derive the individual firm supply functions for each type of firm

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose that there are two types of firms in a perfectly competitive market. Firms

of type A have costs given by CA(q) = 30q2 + 10q. Firms of type B have costs given by CB(q) = 50q2 + 10.

( dCA

dq = 60q + 10 and dCB

dq = 100q). There are 60 firms of type A and 100 firms of type B.

Derive the individual firm supply functions for each type of firm 

 

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