In the Short Run for a Particular Market,there Are 500

question 263

Multiple Choice

In the short run for a particular market,there are 500 firms.Each firm has a marginal cost of $30 when it produces 200 units of output.One point on the market supply curve is

• A) quantity = 200, price = $30.
• B) quantity = 500, price = $30.
• C) quantity = 100,000, price = $30.
• D) quantity = 100,000, price = $15,000.

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Preoccupied

Absorbed in thought; engrossed or distracted by something, resulting in a lack of attention to other matters.

Looked Up

To search for information or an entry in a reference book or database, or to seek information online.

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Coordinator

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