Question 6

6. Individual and market supply Suppose that Jacques and Kyoko are the only suppliers of pieces of cake in some hypothetical market. Their annual supply schedules are given by the following table: Price (Dollars per piece) Jacques's Quantity Supplied Kyoko's Quantity Supplied 1 2 345 (Pieces) (Pieces) 0 20 20 40 30 55 35 65 40 70