Question

Consider a market with two firms. In the following table, columns labelled as SS₁ and SS₂ give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule.

Price	SS1(kg)	SS2(kg)
0	0	0
1	0	0
2	0	0
3	1	0
4	2	0.5
5	3	1
6	4	1.5
7	5	2
8	6	2.5

Answer 1

Price	SS1(kg)	SS2(kg)	Market Supply = SS1 + SS2
0	0	0	0 + 0 = 0
1	0	0	0 + 0 = 0
2	0	0	0 + 0 = 0
3	1	0	1 + 0 = 0
4	2	0.5	2 + 0.5 = 2.5
5	3	1	3 + 1 = 4
6	4	1.5	4 + 1.5 = 5.5
7	5	2	5 + 2 =7
8	6	2.5	6 + 2.5 = 8.5