Answer to Question #287298 in Economics of Enterprise for sriram

Question

there are 100 bakeries producing bread at a neighourhood with 10,000 households. each households demands curve is given by p = 5 - yD where yD referes to hundred loaves of bread , and p is in dollars per loaf. each backery faces the same short run and long-run cost function c(y)= y² + 4

find the new SR industry supply curve at the long-run equilibrium number of backeries.

1. y^SR = 2500p
2. y^SR=5000p
3. y^SR= 10000p

Answer 1

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