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Suppose There Are 100 Firms Each with a Short Run

Question 34

Multiple Choice

Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10,so that marginal cost is MC = 2q +1.The market supply curve is


A) QS = -50 + 50P
B) QS = - Suppose there are 100 firms each with a short run total cost of STC = q<sup>2</sup> + q + 10,so that marginal cost is MC = 2q +1.The market supply curve is A) Q<sub>S</sub> = -50 + 50P B) Q<sub>S</sub> = - + P C) Q<sub>S</sub> = -100 + 100P D) Q<sub>S</sub> = -50 + 50P<sup>2</sup> + Suppose there are 100 firms each with a short run total cost of STC = q<sup>2</sup> + q + 10,so that marginal cost is MC = 2q +1.The market supply curve is A) Q<sub>S</sub> = -50 + 50P B) Q<sub>S</sub> = - + P C) Q<sub>S</sub> = -100 + 100P D) Q<sub>S</sub> = -50 + 50P<sup>2</sup> P
C) QS = -100 + 100P
D) QS = -50 + 50P2

Correct Answer:

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