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

question 130

Multiple Choice

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,and 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 = 350 + P_x.

---

Definitions:

Contra-Asset

An asset account where the balance is expected to be a debit balance but is instead a credit balance, such as accumulated depreciation.

Worksheet

A spreadsheet used by accountants to prepare adjusting entries, financial statements, and to ensure the accounts balance before closing.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis and is proficient in financial reporting and regulation.

Depreciation Expense

The method of distributing the expense of a physical asset across its serviceable duration, accounting for depreciation or becoming outdated.