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Perfect Competition-The market supply and demand curves for tortillas are given as follows?
Supply Curve: P = .000002Q
Demand Curve: P = 11 - .00002Q
The short run marginal cost curve for a typical tortilla factory is: MC = .1+.0009Q
Determine the equilibrium price for tortillas.
Determine the profit maximizing short run equilibrium level of output for a tortilla factory.
Set the Supply function equal to the Demand function and solve for Q. After you get Q, plug that back in to get P.
For profit max, you need to set MR = MC.
Dead Rising "Perfect" Walkthrough Part 49: Supplies Gathering