Imagine that you are a price-taking firm with the following total cost schedule. Q 1 2 3 4 5 6 7 8 9 TC 12 20 24 28 34 42 52 64 78 Assume that if this firm produces zero they have a total cost of zero. (That is in italics because it's important..... Notice that this is a problem we have done before except for a little twist. Can you notice what it is?) Another way of saying that is that there is no fixed cost. Fill in the following supply schedule. (Enter only integers.) (If you don't know what I'm talking about, pleeeeeease go back and figure out what supply means before you try to answer!) P QS 4 ? 6 ? 8 ? 10 ? 12 ? 14 ?
Imagine that you are a price-taking firm with the following total cost schedule.
Q 1 2 3 4 5 6 7 8 9
TC 12 20 24 28 34 42 52 64 78
Assume that if this firm produces zero they have a total cost of zero. (That is in italics because it's important..... Notice that this is a problem we have done before except for a little twist. Can you notice what it is?) Another way of saying that is that there is no fixed cost. Fill in the following supply schedule. (Enter only integers.) (If you don't know what I'm talking about, pleeeeeease go back and figure out what supply means before you try to answer!)
P QS
4 ?
6 ?
8 ?
10 ?
12 ?
14 ?
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