Multiple Choice
Suppose that short- run SMC = 10 + 2Q for an individual firm in a competitive market. If there are 100 identical firms in this market, then the short- run supply curve can be written as:
A) P = 10 + 200Q.
B) P = 1000 + 2Q.
C) P = 1000 - 200Q.
D) P = 10 + 0.02Q.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: In the short run a firm in
Q3: There are 100 identical demanders of product
Q4: In the short- run, a competitive firm
Q5: A competitive firm's short run supply curve
Q6: In short run competitive equilibrium:<br>A)p = q.<br>B)p
Q7: In a constant cost industry:<br>A)price may be
Q8: Suppose that TC = 2Q<sup>3 </sup>- 18Q<sup>2
Q9: Which of the following is not an
Q10: The aggregate demand curve is the:<br>A)horizontal sum
Q11: There are 100 identical demanders of product