Question

Carl’s Custom Confections and Patricia’s Perfect Pastries, both small businesses, are, together, the main suppliers of party cakes to the local market in a small town. Their supply schedules for cakes are given below.

Price (per cake)	Carl's supply (cakes per day)	Patricia's supply (cakes per day)
$80	4	6
$40	2	3
$0	0	0

Using the point plotting tool, interpret the supply schedule to plot three points (the endpoints and the midpoint) on Carl and Patricia’s combined supply curve. Then use the straight-line tool to draw the supply curve that connects them. (Draw a single line for the supply curve.)

To refer to the graphing tutorial for this question type, please click here.

What would you expect the market quantity supplied to be at a price of $24?

The quantity supplied would be __________ cakes per day. Give your answer to the nearest whole number.

Answer 1

we can now the quantity supplied at 24 from the supply curve.

*Quantity supplied would be 3 cakes per day ( actually it lies between 2.5-3 , so we take 3)