What is the short-run supply curve-market supply curve

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Consider the perfectly competitive market for burritos. In the short run, a burrito company has a cost curve of STC(Q)=Q^2+4Q+9, the $9 fixed cost is non-sunk.

(a) What is the short-run supply curve for an individual burrito company?

(b) Suppose there are 40 burrito companies in the short-run. What is the market supply curve?

(c) Suppose the market demand curve is Q^D=420−5P. What is the short-run equilibrium price?

Reference no: EM131090989

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