The table below shows the quantity of birthday cakes supplied by two producers, Individual and Market Supply of Birthday…

The table below shows the quantity of birthday cakes supplied by two producers, Individual and Market Supply of Birthday…

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The table below shows the quantity of birthday cakes supplied by two producers, Individual and Market Supply of Birthday…
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The table below shows the quantity of birthday cakes supplied by two producers,
Individual and Market Supply of Birthday Cakes
Price
(dollars)
$14
12
10
8
6
4
Quantity of Birthday Cakes Supplied
Market
Total
Producer A
160
120
80
40
0
0
Producer B
440
360
280
200
120
40
Instructions: Enter your answers as a whole number.
a. In the table, fill in the “Market” column.
b. Graph the supply curves for Producer A, Producer B, and the market supply curve.

Expert Answer:

Answer rating: 100% (QA)

Solution a To compute the market total we have to sum
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