The individual supply curves of two firms are q - 1- p -2- - p lgeq 3 1-q - 2-1-2 p -3- - p lgeq 4The market supply curve is given byA- q-p-2-3 - p-5B- q-0- p-3C- q-3-2 p-4- p - 5D- All of these

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Market Supply Curve

The individua...

Question

The individual supply curves of two firms are
$q_{1} = p - 2, p \geq 3 q_{2} = \frac{1}{2} (p - 3), p \geq 4$

The market supply curve is given by

$q = 0, p < 3$

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$q = p - 2, 3 \leq p < 5$

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$q = \frac{3}{2} p - 4, p \geq 5$

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All of these

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Solution

The correct option is D
All of these

The individual supply curves of the two firms are
$q_{1} = p - 2, p \geq 3 q_{2} = \frac{1}{2} (p - 4), p \geq 5$

$p < 3 \Rightarrow q = 0 3 \leq p < 5 \Rightarrow q = q_{1} p \geq 5 \Rightarrow q = q_{1} + q_{2}$

All options are correct.

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The individual supply curves of two firms are q1=p−2, p≥3q2=12(p−3), p≥4 The market supply curve is given by

The correct option is D All of these The individual supply curves of the two firms are q1=p−2, p≥3q2=12(p−4), p≥5 p<3⇒q=03≤p<5⇒q=q1p≥5⇒q=q1+q2 All options are correct.

The individual supply curves of two firms are
$q_{1} = p - 2, p \geq 3 q_{2} = \frac{1}{2} (p - 3), p \geq 4$

The market supply curve is given by

The correct option is D
All of these

The individual supply curves of the two firms are
$q_{1} = p - 2, p \geq 3 q_{2} = \frac{1}{2} (p - 4), p \geq 5$

$p < 3 \Rightarrow q = 0 3 \leq p < 5 \Rightarrow q = q_{1} p \geq 5 \Rightarrow q = q_{1} + q_{2}$

All options are correct.