The local economy in the Levant region of Southern Spain is based predominantly on the production of oranges. The available land is divided into 50 farms: 30 "large" and 20 "small." Each large farm produces 10,000 oranges per season at a unit cost of 0.1. Thus its total cost of producingqoranges, for 0 q 10,000, is given by

C(q)=0.1q,for 0 q 10,000

Similarly, each small farm produces 6,000 oranges per season at a unit cost of 0.2. Thus its total cost of producingqoranges, for 0 q 6,000, is given by

C(q)=0.2q,for 0 q 6,000

All other costs can be ignored.

Which of the following best represents the industry supply curve considering all 50 farms (Qdenotes the output per season)?

Continuing with the information from the previous question, suppose that after having been as high as 0.3, the price of oranges has decreased to 0.15, and is likely to remain at this level for the next several seasons. Then: