ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The table below shows the weekly supply for hamburgers in a market where there are just three sellers.
Price
$5
Seller 1 Qs 1
8
Seller 2 Qs 2
5
4
6
4
4
3
2
2
3
2
Multiple Choice
O
f there were 100 sellers in the market, each with a supply schedule identical to seller 2 in the table above, then the weekly quantity of hamburgers supplied in the market at a price of $5 would be
O
500.
400
300
Seller 3 Qs 3
4
3
2
1
200
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151
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Transcribed Image Text:The table below shows the weekly supply for hamburgers in a market where there are just three sellers. Price $5 Seller 1 Qs 1 8 Seller 2 Qs 2 5 4 6 4 4 3 2 2 3 2 Multiple Choice O f there were 100 sellers in the market, each with a supply schedule identical to seller 2 in the table above, then the weekly quantity of hamburgers supplied in the market at a price of $5 would be O 500. 400 300 Seller 3 Qs 3 4 3 2 1 200 Saved 151 Help
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