Assume There Are 100 Suppliers of Widgets in the Widget

question 148

Multiple Choice

Assume there are 100 suppliers of widgets in the widget market.Half of these suppliers supply 35 widgets to the market each,a quarter of these suppliers supply 40 widgets to the market each,and a quarter of these suppliers supply 50 widgets to the market each.What is the market supply for widgets?

• A) 100
• B) 125
• C) 400
• D) 4,000
• E) 1,750

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Definitions:

Interest Rate

The percentage paid by a borrower to a lender for the privilege of borrowing money, often annually, or the yield earned on investment funds.

Cash Flow Streams

Multiple inflows and outflows of cash, associated with investments or business operations, over a period.

Future Value

The value of an investment at a specific future date, including interest or dividends.

Interest Rate

The charge, delineated as a percentage of the initial amount, that a lender requires from a borrower for the utilization of assets.