Due to the Indivisibility of Output

question 146

Multiple Choice

Due to the indivisibility of output,

• A)market supply must be rougher than the individual firm's supply curve.
• B)market supply can be smoother than the individual firm's supply curve.
• C)an individual firm's supply curves cannot be summed.
• D)it is impossible to obtain a valid market supply curve.
• E)market supply is always equal to any individual firm's supply.

---

Definitions:

Treasury Bond

A long-term, interest-bearing security issued by the U.S. government, considered one of the safest investments due to government backing.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily match its market value.

Newspaper Quote

Financial information, including stock prices, dividend data, and market analysis, traditionally published in newspapers.

AAA Corporate Bonds

High-grade bonds issued by corporations with the highest rating of creditworthiness, indicating very low risk of default.