Question

3. Three students at the same school hear about the success of cookie delivery businesses on college campuses. Each student decides to open a local service. The Individual supply schedule is shown below. (15 pts or 5 pts each)

Delivery Charge	Esra	Remzi	Camilo	Market Supply?
$1	2	3	6
2	4	6	7
3	6	9	8
4	8	12	9
5	10	15	10
6	12	18	11

• Draw the individual supply curves
• Sum the individual supply schedules to compute the short run market supply schedule.
• Draw the market supply curve

Answer 1

ANISOFR Delivery Esra Esra Remzi camido camido Morket supply charge - N o 4 9 caf l lo 12 15 o o individual supply curves. camilo supply curve, supply cuare. Remzi supply care charge) : o Ersa Delivery price ( + 2 + 4 + 6 + 8 + 10 12 16 18 20 14 Quantity.

schedule in sum of the individual The mosket supply Supply schedule. price ( Delivery charge). Maarhet supply schedule. 4 8 12 16 7 20 24 2829 32 36 404 un Quantity