$Q _ { s } = 40 + 6 P - 8 P _ { I } + 10 F$

question 83

Multiple Choice

$Q _ { s } = 40 + 6 P - 8 P _ { I } + 10 F$ where $Q _ { s }$ is the quantity supplied of the good, P is the price of the good, $P _ { I }$ is the price of an input, and F is the number of firms producing the good.
-Again suppose $P _ { I }$ = $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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Definitions:

Crepuscular

Crepuscular animals are those that are active primarily during twilight, that is, at dawn and dusk, taking advantage of lower light conditions.

Aposematic Coloration

The conspicuous coloring of a poisonous or distasteful organism that enables potential predators to easily see and recognize it. Also called warning coloration. Compare with cryptic coloration.

Habituation

A simple form of learning where an organism eventually stops responding to a stimulus after repeated exposures, without any reward or punishment.

Worker Bees

Female bees that are not queens and perform all the work tasks necessary for colony survival.