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Microeconomics

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Forming The Aggregate Supply Curve

MICRO-NSWEGL

There are two firms in the market for E-readers.

Firm 1's supply curve is given by the equation $p = \cfrac{q_1}{4} - 5$.

Firm 2's supply curve is represented by the equation $p = \cfrac{q_2}{10} - 10$.

Find the equation for the aggregate supply $Q = q_1 + q_2$ as a function of price.

A

$Q = 12p+140$

B

$Q = 10p+100$

C

$Q = 14p+120$

D

$Q = 16p+100$