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The Figure Below Shows the Supply Curves for Gasoline for Two

Question 97

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The figure below shows the supply curves for gasoline for two oil companies (MaxOil and MagnusPetro) . It would be useful to find the equations of the two supply curves to answer the questions below.
The figure below shows the supply curves for gasoline for two oil companies (MaxOil and MagnusPetro) . It would be useful to find the equations of the two supply curves to answer the questions below.    -Refer to the figure above.MaxOil can produce gasoline ________. A)  at a lower marginal cost than MagnusPetro up to the 1 millionth liter B)  at a higher marginal cost than MagnusPetro beyond the 1 millionth liter C)  at the same marginal cost as MagnusPetro up to the 1 millionth liter D)  at the same marginal cost as MagnusPetro beyond the 1 millionth liter
-Refer to the figure above.MaxOil can produce gasoline ________.


A) at a lower marginal cost than MagnusPetro up to the 1 millionth liter
B) at a higher marginal cost than MagnusPetro beyond the 1 millionth liter
C) at the same marginal cost as MagnusPetro up to the 1 millionth liter
D) at the same marginal cost as MagnusPetro beyond the 1 millionth liter

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