The Supply Curve of Any Firm Is S_i(p)= P/2

question 11

Multiple Choice

the supply curve of any firm is S_i(p) = p/2.If a firm produces 3 units of output, what are its total variable costs?

• A)$9
• B)$13.50
• C)$7
• D)$18
• E)There is not enough information given to determine total variable costs.

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