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Suppose There Are 100 Firms Each with a Short Run QS=12+12P\mathrm { Q } _ { \mathrm { S } } = - \frac { 1 } { 2 } + \frac { 1 } { 2 } \mathrm { P }

Question 34

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 market supply curve is


A) QS = -50 + 50P
B) QS=12+12P\mathrm { Q } _ { \mathrm { S } } = - \frac { 1 } { 2 } + \frac { 1 } { 2 } \mathrm { P }
C) QS = -100 + 100P
D) QS = -50 + 50q2

Correct Answer:

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