ECO200Y1 Lecture Notes - Lecture 2: Sunk Costs
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T t 2 t - ( oooo q. Q = 600000 tooooi 20000 = 30 . films in supply function - Market supply function = 30 x each firm"s supply short run . find shut down pine (cid:15482) average men sunk cost. Ansc = mmstmfewst map = z t fon. = at = miel = a + fun . Q = 30 ( torp - law) = 15ooop - {oooo. 120 - f- p = lip - 30 . I sooooo = 6 is no entry of new filmy ( nooooo = 3 borrow - 30 . A = 40 (500017 - l oooo) = toooop - 4 oooo o in. = gently long run equilibrium produce at a - At ccg) = it it i =3. mutely) > 18 - o . b- a. Min atl . q= 12 . ( each time makes) Nta # =5 films ( by anse = mad ,
