Figure 14-9

question 82

Multiple Choice

Figure 14-9
In the figure below, panel (a) depicts the linear marginal cost of a firm in a competitive market, and panel (b) depicts the linear market supply curve for a market with a fixed number of identical firms.
-Refer to Figure 14-9. If there are 400 identical firms in this market, what level of output will be supplied to the market when price is $2.00?

• A)10,000
• B)20,000
• C)40,000
• D)80,000

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Definitions:

Gene Flow

Sharing of genes between two populations through interbreeding.

Genetic Drift

A mechanism of evolution that results in change in the genetic makeup of a population by chance or random events rather than by natural selection.

Gene Flow

The transfer of alleles or genes from one population to another, influencing the genetic composition of the receiving population.

Natural Selection

A process by which organisms better adapted to their environment tend to survive and produce more offspring, driving the evolution of species.