Question: First part PART I. This is the nextstep ofseveral steps ofour economics project. In this next step, you will derive the market supply curve from

First part

First part PART I. This is the nextstep ofseveral steps ofour economics

PART I. This is the nextstep ofseveral steps ofour economics project. In this next step, you will derive the market supply curve from the individual supply curve survey responses you submitted last week. Your Yogurt Businesses and individual rm supply curves are listed below. To keep everything somewhat anonymous, just your DBA (doing business as) name is listed along with the various quantities supplied you claimed to offer at each discrete price. Based on this information, please derive the Vlarket Supply. The Demand for the whole market is furnished below the student survey responses Jelow. l'here are 27 pooled Yogurt Businesses in our Community, each offering the following. :Unfortunately, about 10 people have chosen to not go into business and did not post their quantities supplied.) Show below are the various quantities supplied at the various different market prices: 27 Rivals in the local Yogurt Market Here they are and the quantities they offer to the market at the different prices $0.00 $1.00 $1.30 $1.40 $1.50 $1.55 $1.05 $2.00 $2.25 $2.50 1 Blue Buffalo Frozen Yogurt 0 0 100 190 190 260 260 260 250 25B 2 Let's Spoon Frozen Yogurt 0 O 0 0 190 190 260 260 260 290 El Viva La Yogurt 0 D D 190 260 260 260 290 290 290 4 Chillsville FroYo 0 D 0 150 130 260 260 150 26f.) 260 S Fr0Y02 Go 0 0 0 {J 190 190 260 260 260 290 6 Slightly Pink Berry 0 0 0 260 260 260 260 260 260 260 7 Yo-Yo Fro 0 Cl 100 150 260 250 310 320 320 320 8 Frozen Me Up 0 0 0 O O O 250 290 310 320 9 A's Yogurt 0 O 100 190 260 290 310 320 320 320 10 Yogurt, But Frozen O 100 100 150 260 250 310 320 320 320 11 Melato's O O G O O 0 260 260 260 260 12 Nova's Frozen Yogurt 0 O 100 190 260 290 310 32D 320 320 13 Merry Berry Froyo 0 190 290 290 290 290 290 290 290 290 14 FroYo Delight 0 Cl 100 190 260 250 310 320 320 320 15 FroYo Land O O 100 190 260 230 310 320 320 320 16 Yogurt Castle 0 0 0 0 150 140 130 120 100 90 17 Yogurt Yan 0 O 0 100 190 200 200 260 300 320 18 Sweet FroyoLand O O 100 190 260 290 310 320 320 320 19 One Scoop 0 0 100 190 260 290 310 320 320 320 20 Sweet Scoops 0 O 100 190 260 290 310 320 320 320 21 Dreamy Creamery O 350 350 350 350 350 350 350 350 350 22 Yogubear's Frozen Yogurt 0 100 190 190 190 260 260 260 290 290 23 Arctic Delight 0 0 100 190 260 290 310 320 320 320 24 Yogurt Crazy (Yo Crazy!) 0 0 100 190 260 290 310 320 320 320 25 Lillit Yogurt 0 0 130 266 390 479 574 640 640 640 26 T: Ice Cream 0 O O O O 0 250 250 260 260 27 Milk Or Nut Yogurts O 0 O 0 O 100 125 150 150 150 Market Supply MarketDemand 7,777 7.195 6,329 6,579 6.429 6,279 6,029 5,679 5,179

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!