The market for Good Y, a perfectly competitive good, is made up of 15 producers who each produce the same amount of Good Y. If the price of Good Y is currently $100 and the total quantity supplied is 150, how many units of Good Y is each producer supplying?
a. 250
b. 10
c. 100
d. 15
e. 150

The total quantity of goods supplied is 150 and there are 15 suppliers in the market for Goods Y who are producing the same amount of goods. It automatically translate to the fact that each producer supplied 10unit of product Y.

150 goods supplied ÷ 15 suppliers = 10 units of goods each

hence the answer is B. 10

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The market for Good Y, a perfectly competitive good, is made up of 15 producers who each produce the same amount of Good Y. If the price of Good Y is currently $100 and the total quantity supplied is 150, how many units of Good Y is each producer supplying? a. 250 b. 10 c. 100 d. 15 e. 150

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The market for Good Y, a perfectly competitive good, is made up of 15 producers who each produce the same amount of Good Y. If the price of Good Y is currently $100 and the total quantity supplied is 150, how many units of Good Y is each producer supplying?
a. 250
b. 10
c. 100
d. 15
e. 150