# Suppose that a perfectly competitive rm’s total cost of producing output q is T001) = 10+ 10qqr2 +0.25q3 and market price p* = 10.a Find the…

Can someone explain the solution? I understand until minAVC = 9, but where does the Q(p) come from? Can you include the work while answering please. Thank you!

Suppose that a perfectly competitive ﬁrm’s total cost of producing output q is T001) = 10+ 10q—qr2 +0.25q3and market price p* = 10. 2.a Find the short-run supply curve of a ﬁrm in this industry. Solution Since the ﬁrm operates in the short run if and only if p 2 min AVG, ﬁrst we need to ﬁgureout this threshold. At the min AVG, AVC’ = M C . MC=—6w=10—2q+0.75q28r;and V0 TO 1 1 2 2 3AVG: q =+O=W=10_q+0_25q2 Set them equal10—2q+0.75q2 = 10—q+0.25q2 => q=2 Plug back to AVC to ﬁnd min AVG min AVG = AVO(2) = 10 — 2+ 0.25 x 22 = 9 The short-run supply curve is then p = M C’ and q > 0 if p 2 9 and q = 0 if p < 9. That is _ am”) p29com—{g M9

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.