In the short run for a particular market,there are 500 firms.Each firm has a marginal cost of $30 when it produces 200 units of output.One point on the market supply curve is
A) quantity = 200, price = $30.
B) quantity = 500, price = $30.
C) quantity = 100,000, price = $30.
D) quantity = 100,000, price = $15,000.
Correct Answer:
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Q91: Figure 14-10
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Q93: Figure 14-9
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In the figure below, panel (a)
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Q316: Figure 14-9
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