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Suppose a perfectly competitive firm's total cost of production (TC) is:

TC(q) = q^3 -10q^2 + 30q + 5,

and the firm's marginal cost of production (MC) is:

MC(q)= 3q^2 -20q +30.

The firm's short-run supply curve is given by

O P = q^2 - 10q + 30 + 5/q.

O P = 3q^2 - 20q + 30 for prices above $2.5.

O P =q^2 - 10q +30 for prices above $5.

O P = 3q^2 - 20q + 30 for prices above $5.

O P = q^2 - 10q + 30 for prices above $10.

Respuesta :

Karabo99

Answer:

P = 3q^2 - 20q + 30 for prices above $5.

Explanation:

Supply curve is rising Marginal cost  

A price taker is a totally competitive firm that must accept the equilibrium price at which it sells items. Option (c) is the correct answer.


What is the marginal cost of production?

[tex]P = 3q^2 - 20q + 30 \\\\\text{for prices above 5}\\\\\text{Supply curve is rising Marginal cost}[/tex]

For more information about competitive firms, refer below

https://brainly.com/question/13826097

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