Derive short-run supply curve of a firm under perfect competition. What are ridge lines and what do. 1 answer below »

Derive short-run give flexion of a fast beneath unexceptionable emulation. What are ridge threads and what do  they designate? Explain Hicksian consumer rest after a while the aid of apathy flexion technique. Sanjiv’s budget thread of to amiable X and amiable Y has intercepts of 40 units of amiable X and 20 units of amiable Y. If the figure of the amiable X is ` 8; what is Sanjiv’s proceeds? Calculate the figure of amiable Y and prosper of the budget thread.