Use the Following to Answer Question

question 195

Multiple Choice

Use the following to answer question:
-(Table: Total Cost and Output) Use Table: Total Cost and Output,which describes Sergei's total costs for his perfectly competitive all natural ice cream firm.If there are 100 firms in the all-natural ice cream industry,which point falls on the industry short-run supply curve (assuming firms can only produce whole quantities of output) ?

• A)P = $10,Q = 0
• B)P = $20,Q = 200
• C)P = $110,Q = 3
• D)P = $70,Q = 5

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Definitions:

Semiannual Amortization

The process of periodically reducing the value of a debt or an intangible asset over two times in a year.

Issuing Corporation

A company that has issued securities through an initial public offering (IPO) and has its shares bought and sold by investors.

Discount

A reduction applied to the normal selling price of goods or services, often used as an incentive to increase sales or clear inventory.

Bonds

Fixed-income securities issued by corporations, governments, or other entities to finance projects or operations, promising to pay back the principal with interest.