Multiple Choice
In the short run for a particular market, there are 300 firms. Each firm has a marginal cost of $30 when it produces 200 units of output. $30 is above every firm's average variable cost. One point on the market supply curve is
A) quantity = 300; price = $30.
B) quantity = 600,000; price = $90,000.
C) quantity = 100,000; price = $30.
D) quantity = 60,000; price = $30.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: In a long-run equilibrium where firms have
Q89: The competitive firm's long-run supply curve is
Q237: Explain the difference between the short run
Q298: A firm in a competitive market currently
Q300: Which of the following industries is least
Q302: A profit-maximizing firm in a competitive market
Q303: Scenario 14-1. A competitive firm sells its
Q304: A sunk cost is one that<br>A)changes as
Q305: Figure 14-13<br>Suppose a firm in a competitive
Q306: Table 14-12<br>Bill's Birdhouses <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 14-12