Milky Moo and Mega Cow are the only sellers of milk. Milky Moo's supply function is at prices above $0.50 and zero at prices below $0.50. Mega Cow's supply function is at prices above $0.33 and zero at prices below $0.33. At a price of $0.33
A) The market supply curve is kinked at $0.33
B) The market supply curve is kinked at $0.50
C) The market supply curve is downward sloping
D) The market supply curve is an upward sloping straight line

Question

Milky Moo and Mega Cow are the only sellers of milk. Milky Moo's supply function is  at prices above $0.50 and zero at prices below $0.50. Mega Cow's supply function is  at prices above $0.33 and zero at prices below $0.33. At a price of $0.33
A) The market supply curve is kinked at $0.33 
B) The market supply curve is kinked at $0.50 
C) The market supply curve is downward sloping 
D) The market supply curve is an upward sloping straight line

Quizplus · Accepted Answer

The Answer of Milky Moo and Mega Cow are the only sellers of milk. Milky Moo's supply function is  at prices above $0.50 and zero at prices below $0.50. Mega Cow's supply function is  at prices above $0.33 and zero at prices below $0.33. At a price of $0.33
A) The market supply curve is kinked at $0.33 
B) The market supply curve is kinked at $0.50 
C) The market supply curve is downward sloping 
D) The market supply curve is an upward sloping straight line

Milky Moo and Mega Cow Are the Only Sellers of Milk