Assume That the Supply Curve Is Horizontal Because Marginal Cost

question 69

Multiple Choice

Assume that the supply curve is horizontal because marginal cost is constant at $10.John,Robert,and Jimmy each value one compact disc at $20 but only Jimmy and John value a second compact disc (Jimmy at $5 and John at $15) .The maximum possible value achieved in this market is

• A) $35.
• B) $60.
• C) $75.
• D) $80.

---

Definitions:

Draw Table

A command in many word processors that allows users to create a table by specifying the number of rows and columns.

Text Box

A GUI element where users can input text information into an application or website.

Line Spacing

The vertical distance between lines of text in a document, often adjustable to improve readability or fit more or fewer lines on a page.

Find Command

A function in computer software that allows users to search for specific text, files, or other data within a dataset or document.