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Dimas [21]
3 years ago
5

A market supply curve is determined by a. finding the average price at which sellers are willing and able to sell a particular q

uantity of the good. b. vertically summing individual supply curves. c. finding the average quantity supplied by sellers at each possible price. d. horizontally summing individual supply curves.
Business
1 answer:
ArbitrLikvidat [17]3 years ago
6 0

Answer:

d. horizontally summing individual supply curves.

Explanation:

Each firm will have its own supply curve depicting the relationship between the price and the quantity of goods it is willing to produce at that given price. The market supply curve is obtained by aggregating the different firm supply curves i.e. the total quantity suppliers are willing to produce when the product is sold for a given price.

Based on the above, option d is the correct answer.

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Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

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Answer

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