Intermediate Microeconomics · 免费预览

短期行业供给

行业供给曲线是各企业边际成本曲线在停业点以上部分水平相加的结果,而市场均衡则确定了此后各企业视为既定的价格;这一加总过程补全了竞争模型的短期分析。

1. Summing the firms

Summing the firms

2. Industry equilibrium

Industry equilibrium

3. Asymmetric firms and the margin

Asymmetric firms and the margin

4. The short run defined

The short run defined

5. The aggregation rule

How is short-run industry supply constructed from the firms?

6. The worked equilibrium

Demand Q equals 100 minus 10p, supply Q equals 40p. What is the equilibrium?

7. Flatness of the sum

Why is industry supply flatter than any firm's supply curve?

8. The margin firm

What characterizes the marginal firm in an industry of heterogeneous costs?

9. Industry supply slope

With 80 firms each supplying q equals p over 2, compute industry supply Q at p of 3, and write the number.

10. Demand at the equilibrium price

Compute demand Q equals 100 minus 10p at p of 2, and write the number.

11. Demand slightly higher

With demand Q equals 100 minus 10p, what is quantity demanded at p of 2.5?

12. One firm's share

At the equilibrium price of 2, what does each of the 80 identical firms supply?

13. Entry presses the price

Suppose 20 more firms enter, 100 total, each still supplying q equals p over 2. Where does the equilibrium move?

14. Industry supply lower

What is industry supply at p of 1.5 with the original 80 firms?

15. The representative firm's quantity

With each firm supplying q equals p over 2, compute the firm's output at p of 2, and write the number.

16. Industry supply at a low price

With 80 firms each supplying p over 2, compute industry supply Q at p of 1.5, and write the number.

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