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The Supply Function for Good X Is Given by Qxs

Question 130

Multiple Choice

The supply function for good X is given by Qxs = 1,000 + PX − 5PY − 2PW,where PX is the price of X,PY is the price of good Y,and PW is the price of input W.If PX = 100,PY = 150,and PW = 50,then the supply curve is:


A) Qxs = 550.
B) Qxs = 150 + Px.
C) Qxs = 550 + Px.
D) Qxs = 350 + Px.

Correct Answer:

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