One Point on a Market Supply Curve Represents $4 and 100

question 120

Multiple Choice

One point on a market supply curve represents $4 and 100 units quantity supplied.If there are three suppliers,and at a price of $4 one of the suppliers supplies 23 units,then which of the following combinations of price and quantity supplied might hold for the other two suppliers?

• A) At $4,quantity supplied could be 40 units for one supplier and 27 for the other.
• B) At $4,quantity supplied could be 33 units for one supplier and 27 for the other.
• C) At $4,quantity supplied could be 40 units for one supplier and 37 for the other.
• D) At $4,quantity supplied could be 77 units for one supplier and 10 for the other.
• E) There is not enough information to answer this question.

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Definitions:

Capital Budgeting

A decision-making process used to evaluate potential expenditures or investments that are significant in amount. It involves the assessment of the future cash inflows and outflows to determine whether the return meets a set benchmark.

After-Tax Discount Rate

The discount rate used in capital budgeting that takes into account the effects of taxes on the project's cash flows.

Income Tax Rate

The portion of an individual's or corporation's income that goes to taxes.

Straight-Line Depreciation

A technique for segmenting the cost of a material asset over its life in even annual segments.