The Supply Function for Good X Is Given by Q_x^s

question 93

Short Answer

The supply function for good X is given by Q_x^s = 1,000 + P_X - 5P_Y - 2P_W, where P_X is the price of X, P_Y is the price of good Y and P_W is the price of input W.If P_X = 100, P_Y = 150, P_W = 50, then the supply curve is
A.Q_x^s = 550.
B.Q_x^s = 150 + P_x.
C.Q_x^s = 550 + P_x.
D.Q_x^s = 150 + P_x.

---

Definitions:

Cash Registers

Electronic or mechanical devices used to calculate and record sales transactions, and to store cash for daily business operations.

Internal Control

Methods and protocols established by an enterprise to protect the veracity of its financial and accounting reports, support ethical conduct, and prevent malfeasance.

Electronic Funds Transfer

Electronic Funds Transfer (EFT) is the digital transfer of money from one bank account to another, either within the same financial institution or across different institutions.

Disbursement System

The system and processes involved in paying out money from an organization or fund.