where qs is the quantity supplied of the good, p is the price of the good, pi is the price of an input, and f is the number of firms producing the good. if pi

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340 units is the largest amount of Goods that will be supplied.

  • Quantity provided in economics refers to the volume of products or services that providers will make and offer for sale at a specific market price.
  • Since price variations affect how much supply producers actually put on the market, the quantity supplied differs from the amount of supply that is really available (i.e., the total supply).

What do supply and amount supply mean?

  • The foundational idea in economics is supply. It alludes to the numerous sizes that the company is prepared to provide for sale at varied potential costs.
  • However, quantity provided refers to the entire amount of a good that providers will sell at a given market price.

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Correct Question - Qs = 40 + 6P - 8PI + 10F

where Qs is the quantity supplied of the good, P is the price of the good, PI is the price of an input, and F is the number of firms producing the good. Now suppose PI = $40 and F = 50, what is the largest amount of the good that firms will supply when the price of the good is $20?