ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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On the following graph, plot Kenji's supply of pizza slices using the green points (triangle symbol). Next, plot Lucia's supply of pizza slices using the
purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol).
Note: Line segments will automatically connect the points. Remember to plot from left to right.
PRICE (Dollars per slice)
6
CO
5
A
w
N
1
0
0
20
40
60
80
QUANTITY (Slices)
100
120
Kenji's Supply
Lucia's Supply
Market Supply
?
expand button
Transcribed Image Text:On the following graph, plot Kenji's supply of pizza slices using the green points (triangle symbol). Next, plot Lucia's supply of pizza slices using the purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right. PRICE (Dollars per slice) 6 CO 5 A w N 1 0 0 20 40 60 80 QUANTITY (Slices) 100 120 Kenji's Supply Lucia's Supply Market Supply ?
6. Individual and market supply
Suppose that Kenji and Lucia are the only suppliers of pizza slices in a particular market. The following table shows their annual supply schedules:
Price
(Dollars per slice)
1
2
3
4
5
Kenji's Quantity Supplied
(Slices)
0
20
30
35
40
Lucia's Quantity Supplied
(Slices)
20
40
55
65
70
On the following graph, plot Kenji's supply of pizza slices using the green points (triangle symbol). Next, plot Lucia's supply of pizza slices using the
purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol).
Note: Line segments will automatically connect the points. Remember to plot from left to right.
expand button
Transcribed Image Text:6. Individual and market supply Suppose that Kenji and Lucia are the only suppliers of pizza slices in a particular market. The following table shows their annual supply schedules: Price (Dollars per slice) 1 2 3 4 5 Kenji's Quantity Supplied (Slices) 0 20 30 35 40 Lucia's Quantity Supplied (Slices) 20 40 55 65 70 On the following graph, plot Kenji's supply of pizza slices using the green points (triangle symbol). Next, plot Lucia's supply of pizza slices using the purple points (diamond symbol). Finally, plot the market supply of pizza slices using the orange points (square symbol). Note: Line segments will automatically connect the points. Remember to plot from left to right.
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