Explore BrainMass
Share

Explore BrainMass

    Long-run supply curve

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Suppose that a competitive firm long-run supply curve is given by the expression QF= -500 + 10P. Does this mean that the firm will supply -500 units of output at a zero price? If so, what does output of -500 units mean?

    © BrainMass Inc. brainmass.com October 9, 2019, 7:03 pm ad1c9bdddf
    https://brainmass.com/economics/principles-of-mathematical-economics/long-run-supply-curve-106142

    Solution Preview

    An output of -500 menas that 500 units will be taken away from the market. ...

    Solution Summary

    A long-run supply curve is briefly discussed.

    $2.19