Multiple Choice
where is the quantity supplied of the good, P is the price of the good, is the price of an input, and F is the number of firms producing the good.
-Now suppose = $40 and F = 50, what is the largest amount of the good that firms will supply when the price of the good is $20?
A) 340 units
B) 220 units
C) 80 units
D) 120 units
Correct Answer:
Verified
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