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प्रश्न
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 |
|
1 |
0 |
|
2 |
2 |
|
3 |
4 |
|
4 |
6 |
|
5 |
8 |
|
6 |
10 |
|
7 |
12 |
|
8 |
14 |
उत्तर
As all the three firms are identical, so they have same individual supply curve and therefore the market supply will be the summation of supplies of all three firms.
|
Price (Rs.) |
SS1 (units) |
SS2 (units) |
SS3 (units) |
Market Supply = SS1 + SS2 + SS2 |
|
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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संबंधित प्रश्न
Explain through a diagram the effect of a rightward shift of both the demand and supply curves on equilibrium price and quantity.
In what respect do the supply and demand curves in the labour market differ from those in the goods market?
How does an increase in the number of firms in a market affect the market supply curve?
Consider a market with two firms. The following table shows supply schedules of two firms: SS1 denotes the supply schedule of firm 1 and SS2 denotes the supply schedule of firm 2. Calculate the market supply schedule.
|
Price (Rs ) |
SS1 (units) |
SS2 (units) |
|
0 |
0 |
0 |
|
1 |
0 |
0 |
|
2 |
0 |
0 |
|
3 |
1 |
1 |
|
4 |
2 |
2 |
|
5 |
3 |
3 |
|
6 |
4 |
4 |
Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule.
|
Price (Rs ) |
SS1 (kg) |
SS2 (kg) |
|
0 |
0 |
0 |
|
1 |
0 |
0 |
|
2 |
0 |
0 |
|
3 |
1 |
0 |
|
4 |
2 |
0.5 |
|
5 |
3 |
1 |
|
6 |
4 |
1.5 |
|
7 |
5 |
2 |
|
8 |
6 |
2.5 |
