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

question 19

Multiple Choice

the supply curve of any firm is S_i(p) = p/2.If a firm produces 4 units of output, what are its total variable costs?

• A)$16
• B)$14
• C)$24
• D)$32
• E)There is not enough information given to determine total variable costs.

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Definitions:

Myotonia

A neuromuscular condition characterized by the slow relaxation of the muscles after a voluntary contraction.

Refractory Period

A period immediately following stimulation during which a nerve or muscle is unresponsive to further stimulation.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to conditions that are optimal for survival.

Hunger Pangs

Hunger pangs are sensations of discomfort or pain in the stomach associated with a desire to eat.