Microeconomics,, 16th Canadian Edition

Firm

A

Firm

B

Firm

C

2.50 100 0 0 —

3.00 125 0 0 —

3.50 150 100 0 —

4.00 175 150 0 —

4.50 200 200 100 —

5.00 225 250 175 —

5.50 250 300 250 —

6.00 275 350 325 —

a. Compute the total industry supply at each price and fill in
the table.
b. On a scale diagram similar to Figure 9-6 , plot the supply
curve for each firm and for the industry as a whole.
c. Can you provide a likely explanation for why Firm B
produces no output at prices $3 and lower, and why Firm

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