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Use the Following General Linear Supply Function: Where

Question 8

Multiple Choice

Use the following general linear supply function: Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.If = $20,F = 60,and the demand function is the equilibrium price and quantity are,respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. E) none of the above. where Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.If = $20,F = 60,and the demand function is the equilibrium price and quantity are,respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. E) none of the above. is the quantity supplied of the good,P is the price of the good, Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.If = $20,F = 60,and the demand function is the equilibrium price and quantity are,respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. E) none of the above. is the price of an input,and F is the number of firms producing the good.If Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.If = $20,F = 60,and the demand function is the equilibrium price and quantity are,respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. E) none of the above. = $20,F = 60,and the demand function is Use the following general linear supply function: where is the quantity supplied of the good,P is the price of the good, is the price of an input,and F is the number of firms producing the good.If = $20,F = 60,and the demand function is the equilibrium price and quantity are,respectively, A) P = $10 and Q = 640. B) P = $8 and Q = 326. C) P = $10 and Q = 540. D) P = $8 and Q = 640. E) none of the above. the equilibrium price and quantity are,respectively,


A) P = $10 and Q = 640.
B) P = $8 and Q = 326.
C) P = $10 and Q = 540.
D) P = $8 and Q = 640.
E) none of the above.

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