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The Market for Sweet Potatoes Consists of 1,000 Identical Firms

Question 37

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The market for sweet potatoes consists of 1,000 identical firms.Each firm has a short-run total cost curve of STC = 100 + 100 q + 100q2,and a short-run marginal cost curve of SMC=100+200q where q is output.Suppose that sunk costs are 75 and non-sunk costs are 25.What is the equation of an individual firm's short-run supply curve?


A) The market for sweet potatoes consists of 1,000 identical firms.Each firm has a short-run total cost curve of STC = 100 + 100 q + 100q<sup>2</sup>,and a short-run marginal cost curve of SMC=100+200q where q is output.Suppose that sunk costs are 75 and non-sunk costs are 25.What is the equation of an individual firm's short-run supply curve? A) for P≥100, and q=0 otherwise. B) for P≥200, and q=0 otherwise. C) D) for P ≥200, and q=0 otherwise. for P≥100, and q=0 otherwise.
B) The market for sweet potatoes consists of 1,000 identical firms.Each firm has a short-run total cost curve of STC = 100 + 100 q + 100q<sup>2</sup>,and a short-run marginal cost curve of SMC=100+200q where q is output.Suppose that sunk costs are 75 and non-sunk costs are 25.What is the equation of an individual firm's short-run supply curve? A) for P≥100, and q=0 otherwise. B) for P≥200, and q=0 otherwise. C) D) for P ≥200, and q=0 otherwise. for P≥200, and q=0 otherwise.
C) The market for sweet potatoes consists of 1,000 identical firms.Each firm has a short-run total cost curve of STC = 100 + 100 q + 100q<sup>2</sup>,and a short-run marginal cost curve of SMC=100+200q where q is output.Suppose that sunk costs are 75 and non-sunk costs are 25.What is the equation of an individual firm's short-run supply curve? A) for P≥100, and q=0 otherwise. B) for P≥200, and q=0 otherwise. C) D) for P ≥200, and q=0 otherwise.
D) The market for sweet potatoes consists of 1,000 identical firms.Each firm has a short-run total cost curve of STC = 100 + 100 q + 100q<sup>2</sup>,and a short-run marginal cost curve of SMC=100+200q where q is output.Suppose that sunk costs are 75 and non-sunk costs are 25.What is the equation of an individual firm's short-run supply curve? A) for P≥100, and q=0 otherwise. B) for P≥200, and q=0 otherwise. C) D) for P ≥200, and q=0 otherwise. for P ≥200, and q=0 otherwise.

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