Figure 14-4

question 242

Multiple Choice

Figure 14-4
In the following figure, graph (a) depicts the linear marginal cost (MC) of a firm in a competitive market, and graph (b) depicts the linear market supply curve for a market with a fixed number of identical firms.
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-Refer to Figure 14-4. If at a market price of $1.75, 52,500 units of output are supplied to this market, how many identical firms are participating in this market?

• A)75
• B)100
• C)250
• D)300

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Definitions:

Unsolicited Proposal

A proposal offered by a party who takes the initiative to offer it for consideration, without being requested to do so.

Audience Receptiveness

The degree to which an audience is open, willing, or able to accept or consider messages.

Unsolicited Proposals

Proposals submitted to an organization without a formal request, typically to offer solutions or services the proposer believes the recipient may need.

Solicited Proposals

Proposals that are requested by an organization or individual, often through a formal process.