Table 17-8
For a certain small town, the table shows the demand schedule for water. Assume the marginal cost of supplying water is constant at $4 per bottle and there are no other costs. 
-Refer to Table 17-8. If there are two suppliers of water, Victor and Sami, and if they have successfully formed a cartel and split the market evenly, then how many bottles will Sami supply?
Definitions:
Perpetual System
An inventory management system that tracks the addition and subtraction of inventory with each sale and purchase in real time, providing a high level of detail and accuracy.
FIFO Method
Stands for "First-In, First-Out," a method of inventory valuation where the first items purchased are the first ones sold.
Job Order Cost Accounting
A system used to assign manufacturing costs to an individual product or batches of products, typically in customized or non-repetitive manufacturing environments.
T Accounts
A visual representation used in accounting to depict the debit and credit sides of an account.
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