wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Consider a market with two firms. The following table shows the supply schedules of the two firms: the SS1 column gives the supply schedule of firm 1 and the SS2 column gives the supply schedule of firm 2. Compute the market supply schedule.
Price Rs.SS1 unitsSS2 units
000
100
200
311
422
533
644

Open in App
Solution

Market Supply Schedule
Price Rs. SS1 units SS2 units Market Supply (=SS1+SS2) Units
0 0 0 0
1 0 0 0
2 0 0 0
3 1 1 2
4 2 2 4
5 3 3 6
6 4 4 8

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Retirement of a Partner - II
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon