Firm and industry supply schedules, Managerial Economics

Firm and industry supply schedules

The plan or table of possible quantities that will be offered for sale at different prices by individual firms for a commodity is called supply schedule.

                          Price Per Unit                                                  Quantity offered for

                             (KShs)                                                                     Sales per month (in '000)

      20                                                                   10

                                      25                                                                    20

                                      30                                                                    30

                                      35                                                                    40

                                      40                                                                    50

                                      45                                                                    60

                                      50                                                                    70

Table :       The Firm Supply Schedule

Theoretically the supply schedules of all firms within the industry can be combined to form the market or industry supply schedule, representing the total supply for that commodity at various prices.

                         Price per unit                                                               Quantity offered for

                            (KShs)                                                                      Sales per month (in '000)

                                    20                                                                            80

                                    25                                                                            120

                                    30                                                                            160

                                    35                                                                            200

                                    40                                                                            240

                                    45                                                                            285

                                    50                                                                            320

Table :  The Industry supply schedule

These prices are called the supply prices.

Posted Date: 11/27/2012 5:42:25 AM | Location : United States







Related Discussions:- Firm and industry supply schedules, Assignment Help, Ask Question on Firm and industry supply schedules, Get Answer, Expert's Help, Firm and industry supply schedules Discussions

Write discussion on Firm and industry supply schedules
Your posts are moderated
Related Questions
Usually, elasticity of a demand curve throughout its length isn't the same (Fig. below). It varies between 0 and ∞, or in other words, 0 ≤ e p ≥ ∞ In some cases, though, the


In the national income analysis, investment refers to the value of than part of the aggregate output for any given time period which takes the form of construction of new structure

A company is selling a  particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.


FACTORS RESPONSIBLE FOR WAGE DIFFERENTIALS WITHIN THE SAME OCCUPATION i.     Differences in the environment:   For example a doctor sent to North Eastern Province must be pai

Question 1: a. Discuss the alternative theories of money demand. b. Highlight the impact of financial liberalization on the money demand in a small island developing econo

Total Cost (TC) This is the sum of fixed costs and variable costs i.e. TC = FC + VC.

when the data is descrete and incremental changes is measurable, what is it?

Lender of Last Resort The central bank also acts as the lender of last resort. Historically, this function developed out of the special position of the central banks. The centr