In a Certain Industry, the Supply Curve of Any Firm

question 12

Multiple Choice

In a certain industry, the supply curve of any firm is S_i(p) = . If a firm produces 5 units of output, what are its total variable costs?

• A) $37.50
• B) $25
• C) $23
• D) $50
• E) There is not enough information given to determine total variable costs.