There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.
Price (Rs.) 0 1 2 3 4 5 6 7 8
$S S_{1}$
units 0 0 2 4 6 8 10 12 14

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Solution

Price (Rs.) $S S_{1}$
units $S S_{2}$
units $S S_{3}$
units Market Supply
( $= S S_{1} + S S_{2} + S S_{3}$ )
Units
0 0 0 0 0
1 0 0 0 0
2 2 2 2 6
3 4 4 4 12
4 6 6 6 18
5 8 8 8 24
6 10 10 10 30
7 12 12 12 36
8 14 14 14 42

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Similar questions

Q. Consider a market with two firms. The following table shows the supply schedules of the two firms: the

S S_{1}

column gives the supply schedule of firm 1 and the

S S_{2}

column gives the supply schedule of firm 2. Compute the market supply schedule.

Price Rs.	$S S_{1}$ units	$S S_{2}$ units
0	0	0
1	0	0
2	0	0
3	1	1
4	2	2
5	3	3
6	4	4

Q. Consider a market with two firms. In the following table , columns labeled

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Price Rs.	$S S_{1}$ kg	$S S_{2}$ kg
0	0	0
1	0	0
2	0	0
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5	3	1
6	4	1.5
7	5	2
8	6	2.5

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.

$\begin{matrix} Price(Rs.) & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 S S_{1} (Units) & 0 & 0 & 2 & 4 & 6 & 8 & 10 & 12 & 14 \end{matrix}$

Q. There are three identical firms in a market. The following table shows the supply schedule of firm 1. Calculate the market supply schedule.

Price (Rs )	SS₁ (units)
0	0
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3	4
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6	10
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8	14

Consider a market with two firms. The following table shows the supply schedules of the two firms. $S S_{1}$ column gives the supply schedule of firm 1 and $S S_{2}$ column gives the supply schedule of firm 2. Compute the market supply schedule.

$\begin{matrix} Price(Rs.) & S S_{1} (Units) & S S_{2} (Units) 0 & 0 & 0 1 & 0 & 0 2 & 0 & 0 3 & 1 & 1 4 & 2 & 2 5 & 3 & 3 6 & 4 & 4 \end{matrix}$

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Price (Rs.)	$S S_{1}$ units	$S S_{2}$ units	$S S_{3}$ units	Market Supply ( $= S S_{1} + S S_{2} + S S_{3}$ ) Units
0	0	0	0	0
1	0	0	0	0
2	2	2	2	6
3	4	4	4	12
4	6	6	6	18
5	8	8	8	24
6	10	10	10	30
7	12	12	12	36
8	14	14	14	42

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.Price (Rs.)012345678SS1 units002468101214

Price (Rs.) SS1 units SS2 units SS3 units Market Supply (=SS1+SS2+SS3) Units0 0 0 0 01 0 0 0 02 2 2 2 63 4 4 4 124 6 6 6 185 8 8 8 246 10 10 10 307 12 12 12 368 14 14 14 42

There are three identical firms in a market. The following table shows the supply schedule of firm 1. Compute the market supply schedule.
Price (Rs.) 0 1 2 3 4 5 6 7 8
$S S_{1}$
units 0 0 2 4 6 8 10 12 14

Price (Rs.) $S S_{1}$
units $S S_{2}$
units $S S_{3}$
units Market Supply
( $= S S_{1} + S S_{2} + S S_{3}$ )
Units
0 0 0 0 0
1 0 0 0 0
2 2 2 2 6
3 4 4 4 12
4 6 6 6 18
5 8 8 8 24
6 10 10 10 30
7 12 12 12 36
8 14 14 14 42