Solved

Suppose There Are 100 Firms Each with a Short Run

Question 12

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 supply curve for each firm is


A) P = 2q + 1
B) P = q2 + q + 10
C) P = q + 1 + 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 supply curve for each firm is A) P = 2q + 1 B) P = q<sup>2</sup> + q + 10 C) P = q + 1 + D) P = q + 1
D) P = q + 1

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Under perfect competition,if an industry is characterized

Q3: One example of Ricardian rent is:<br>A)rent paid

Q7: Suppose there are 100 firms each with

Q11: Suppose there are 100 firms each with

Q14: Suppose a chemical company is in a

Q19: In the very short run<br>A)new firms may

Q22: The excess burden of a tax is<br>A)the

Q26: If a 1 percent increase in price

Q32: A demand curve will shift out for

Q35: For an increasing cost industry,the long-run supply