Question

Question 6 of 19 > This year is expected to be a great one for selling walking shoes in Georgia. At very low prices, only the most efficient shoemakers are able to sell. There are two shoe producers that operate with the most cost-effective equipment and skilled personnel, each of which can put 1000 pairs of shoes in the market at $10.00. At a higher price, eight more shoemakers will enter the market. Each producer makes 1200 pairs of shoes at $25.00 per pair If the price goes to $40.00 per pair, the existing firms increase production to 1400 pairs of shoes each, plus four small shops open, each of which produces 500 pairs of shoes. Using the information above, graph the supply curve for walking shoes by dragging the provided red points to the correct coordinates of price and quantity.

Answer 1

Answerſ The supply schedule is below: 10 Number of sellers 2 2+8 = 10 Quantity supplied 2 x 1000 - 2,000 1200 x 10-12,000 (1400xio) +(500xH) - 16,000 10+ H = 14 supply curve can be Based on the supply schedule, the CS Scandroudith as below. CamScanner

Supply curve 0 2000 4000 6000 12000 14000 16000 18000 8000 10000 Supply curve