Recall the supply function for x cd players q s gp x

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Recall the supply function for X = CD players: Q S = g(P X , P fop , P oc , S&T, N) Where: Q S = maximum quantity that producers are willing and able to sell P X = X’s price P fop = the price of factors of production P oc = the opportunity costs S&T = science and technology N = number of firms in the market Short Run Market Supply How does our scratch supply curve compare to the one we bought off the shelf?
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microL19-F2010-page1 SO: The Market & The Firm In Short Run Equilibrium Given: Market Demand Firms’ Technologies (including some fixed inputs) Factor Prices The Number of Firms Need: Each firm is profit maximizing Market Demand = Short Run Market Supply Solve For: Q* q* P* profit*
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microL19-F2010-page1 SO: The Market & The Firm In Short Run Equilibrium
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