Question

Imagine that a dairy farmer is wiling to provide milk to the market on the basis of the supply schedule shown in the table below. Supply of Milk Instructions: Round your answers to 2 decimal places. Suppose the federal government proposes a subsidy for all milk produced that results in a 15% increase in the quantity supplied of milk at every price. a. Fill in the "Post-Subsidy" column after the subsidy takes effect. b. At a market price of $4.00 per gallon, the pre-subsidy quantity supplied was after the subsidy is thousand gallons

Answer 1

In you're question, you mention a "supply schedule shown in the table below," but there is no attached image. Please ask you question again, this time adding the table.