Answer to Question #270916 in Microeconomics for Keertana

Question #270916

Derive supply function in a graf




1
Expert's answer
2021-11-25T19:59:59-0500

To calculate linear supply functions, we can follow a simple four-step process:

(1) Write down the basic linear function

(2) Find two ordered pairs of price and quantity

(3) Calculate the slope of the supply function

(4) Calculate its y-intercept.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS