Figure 14-10
In the figure below, panel (a) depicts the linear marginal cost of a firm in a competitive market, and panel (b) depicts the linear market supply curve for a market with a fixed number of identical firms. 
-Refer to Figure 14-10. If there are 700 identical firms in this market, what is the value of Q2?
Definitions:
Marginal Utility
The additional satisfaction or benefit one receives from consuming one more unit of a good or service.
Value Loss
The decline in the worth or market value of an asset, often due to changes in market demand or damage.
Total Utility
The overall satisfaction or benefit a consumer receives from consuming a particular quantity of a good or service.
Maximize Utility
The concept in economics that individuals or firms seek to achieve the highest level of satisfaction or benefit from their choices given their resources.
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