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Use the Following General Linear Supply Function: Where

Question 57

Multiple Choice

Use the following general linear supply function: Use the following general linear supply function:   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) 120 units D) 80 units where Use the following general linear supply function:   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) 120 units D) 80 units is the quantity supplied of the good,P is the price of the good, Use the following general linear supply function:   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) 120 units D) 80 units is the price of an input,and F is the number of firms producing the good.Now suppose Use the following general linear supply function:   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) 120 units D) 80 units = $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) 120 units
D) 80 units

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