Its cost function is given by: C = (1/4)y 2 +1 a). Give an equation for and graph the firm's short-run supply curve. b). Give an equation for and graph the industry's long-run supply curve. c). If the ...

Aggregate supply and demand are represented separately by their own curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.

So, in the long term, the supply curve ... So if demand for bitcoin skyrockets, so will the price, and so will hash rate as new miners are incentivized to enter the market. In the short term ...