The Market for Sweet Potatoes Consists of 1,000 Identical Firms $S M C = 100 + 200 q$

question 42

Multiple Choice

The market for sweet potatoes consists of 1,000 identical firms. Each firm has a short-run total cost curve of STC = 100 + 100q + 100q², and a short-run marginal cost curve of $S M C = 100 + 200 q$ where q is output. What is the equation of an individual firm's short-run supply curve in this market?

• A) \(q = P / 200 - .5\)
• B) \(q = P / 100 ^ { - .5 }\)
• C) \(P = 100 + 200 q\)
• D) \(q = P / 200 ^{- .5}\) for P ?100, and q=0 otherwise.

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Definitions:

Coastline

The coastline is the area where land meets the sea, characterized by its shape and features influenced by various geological processes.

Shoreline

The boundary line between land and a body of water.

Waves

Oscillations that travel through water caused by the wind on the surface, resulting in a rise and fall motion.

Tides

Regular, periodic variations in the sea level caused by the gravitational pull of the moon and sun on Earth's oceans.