A company manufactures three product. The productis sold in three communities, X, Y and Z. The supply function schedules of the three communities as well as that of the entire market supply for okyerefo soap are shown below Unit Price Community X Community Y Community Z Market Supply 100 250 520 725 640 850 700 1000 Usethe information in the table to estimate i. i. the supply equations of each of the three communities. ii. market supply function. ii. market supply when the price decreases to 50.
A company manufactures three product. The productis sold in three communities, X, Y and Z. The supply function schedules of the three communities as well as that of the entire market supply for okyerefo soap are shown below Unit Price Community X Community Y Community Z Market Supply 100 250 520 725 640 850 700 1000 Usethe information in the table to estimate i. i. the supply equations of each of the three communities. ii. market supply function. ii. market supply when the price decreases to 50.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A company manufactures three product. The productis sold in three communities, X, Y and Z. The supply function schedules of the three communities as well as that of the entire market supply for okyerefo soap are shown below Unit
Usethe information in the table to estimate i.
i. the supply equations of each of the three communities.
ii.
ii. market supply when the price decreases to 50.
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