Question: The long run supply curve for a given competitive firm

The long-run supply curve for a given competitive firm can be written as QF = -250 + 8P or P = $31.25 + $0.125QF. Explain why the amount supplied by 50 such competitors is determined by multiplying the first expression by 50 rather than by multiplying the second expression by a similar amount.


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  • CreatedFebruary 13, 2015
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