Reference: Ref 11-10 (Figure: Two-Firm Industry) Refer to the figures. At a market price of $25, the total quantity supplied in the industry is:
A) 32 units.
B) 45 units.
C) 15 units.
D) 25 units.

Question

Reference: Ref 11-10 (Figure: Two-Firm Industry) Refer to the figures. At a market price of $25, the total quantity supplied in the industry is:
A) 32 units. 
B) 45 units. 
C) 15 units. 
D) 25 units.

Quizplus · Accepted Answer

At a market price of $25, Firm A will supply 15 units and Firm B will supply 30 units, making the total quantity supplied in the industry 45 units.

Reference: Ref 11-10 (Figure: Two-Firm Industry) Refer to the Figures