Suppose There Are 100 Firms Each with a Short Run

question 12

Multiple Choice

Suppose there are 100 firms each with a short run total cost of STC = q² + q + 10,so that marginal cost is MC = 2q +1.The supply curve for each firm is

• A) P = 2q + 1
• B) P = q² + q + 10
• C) P = q + 1 +
• D) P = q + 1

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Definitions:

Abraham Lincoln

The 16th President of the United States, who led the country through its Civil War and played a key role in the abolition of slavery.

Jefferson Davis

The President of the Confederate States of America during the American Civil War (1861-1865), known for his leadership of the Confederacy in its attempt to establish independence from the United States.

George McClellan

A Union general during the American Civil War known for his cautious tactics and failed 1864 presidential bid against Abraham Lincoln.

1864

A significant year during the American Civil War, marked by key battles and Union victories that helped to shape the outcome of the conflict.