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Use the Following General Linear Supply Function to Answer the Next

Question 15

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, F = 60, and the demand function is The equilibrium price and quantity are, respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. 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, F = 60, and the demand function is The equilibrium price and quantity are, respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. 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, F = 60, and the demand function is The equilibrium price and quantity are, respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. E) none of the above.
= $20, F = 60, and the demand function is
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, F = 60, and the demand function is The equilibrium price and quantity are, respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. E) none of the above.
The equilibrium price and quantity are, respectively,


A) P = $10 and Q = 640.
B) P = $8 and Q = 326.
C) P = $10 and Q = 540.
D) P = $8 and Q = 640.
E) none of the above.

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