Draw the Supply Curves. The following table shows short-run marginal costs for a perfectly competitive firm:
|
Output
|
100
|
200
|
300
|
400
|
500
|
|
MC
|
$5
|
$10
|
$20
|
$40
|
$70
|
Suppose that the shut-down price is $10, What is the minimum quantity offered to the market by this firm? __ units