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Use the Following General Linear Supply Function: Where

Question 29

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.Suppose = $40 and F = 50,what is the lowest price that will induce firms to supply 400 units of output? A) $15 B) $20 C) $25 D) $30 E) $35 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.Suppose = $40 and F = 50,what is the lowest price that will induce firms to supply 400 units of output? A) $15 B) $20 C) $25 D) $30 E) $35 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.Suppose = $40 and F = 50,what is the lowest price that will induce firms to supply 400 units of output? A) $15 B) $20 C) $25 D) $30 E) $35 is the price of an input,and F is the number of firms producing the good.Suppose 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.Suppose = $40 and F = 50,what is the lowest price that will induce firms to supply 400 units of output? A) $15 B) $20 C) $25 D) $30 E) $35 = $40 and F = 50,what is the lowest price that will induce firms to supply 400 units of output?


A) $15
B) $20
C) $25
D) $30
E) $35

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