wiz-icon
MyQuestionIcon
MyQuestionIcon
37
You visited us 37 times! Enjoying our articles? Unlock Full Access!
Question

Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule.
Price (Rs ) SS1 (kg) SS2 (kg)
0 0 0
1 0 0
2 0 0
3 1 0
4 2 0.5
5 3 1
6 4 1.5
7 5 2
8 6 2.5

Open in App
Solution

Price (Rs) SS1 (kg) SS2 (kg) Market Supply = SS1 + SS2 (kg)
0 0 0 0 + 0 = 0
1 0 0 0 + 0 = 0
2 0 0 0 + 0 = 0
3 1 0 1 + 0 = 1
4 2 0.5 2 + 0.5 = 2.5
5 3 1 3 + 1 = 4
6 4 1.5 4 + 1.5 = 5.5
7 5 2 5 + 2 = 7
8 6 2.5 6 + 2.5 = 8.5

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Decimal Places
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon