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Use the Following General Linear Supply Function to Answer the Next

Question 14

Multiple Choice

Use the following general linear supply function to answer the next 6 questions:
Use the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above
whereUse the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above is the quantity supplied of the good, PI is the price of the good, is the price of an input, and F is the number of firms producing the good.
-If
Use the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above
= $20 and F = 60 what is the equation of the supply function?


A) Use the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above = 400 + 6 P
B) Use the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above = 40 + 8 P
C) Use the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above = 480 + 6 Use the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above
D) Use the following general linear supply function to answer the next 6 questions:     where  is the quantity supplied of the good, P<sub>I</sub> is the price of the good, is the price of an input, and F is the number of firms producing the good. -If   = $20 and F = 60 what is the equation of the supply function? A)    = 400 + 6 P B)    = 40 + 8 P C)    = 480 + 6   D)    = 480 + 6 P E)  none of the above = 480 + 6 P
E) none of the above

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