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The Supply Function for Good X Is Given by Qxs

Question 125

Multiple Choice

The supply function for good X is given by Qxs = 200 + 4PX − 3PY − 5PW,where PX is the price of X,PY is the price of good Y,and PW is the price of input W.If PX = 500,PY = 250,and PW = 30,then the supply curve is:


A) Qxs = 1,300.
B) Qxs = −700 + 4Px.
C) Qxs = −550 + 4Px.
D) Qxs = 150 + 4Px.

Correct Answer:

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