Mathematics, 16.10.2019 12:30 kaniyawilhite
Consider a perfectly competitive market for apples, with the following demand and supply equations:
d: p = 2,000 – qd
s: p = qs – 1,990
equilibrium price: $5
equilibrium quantity: 1995
a farmer, jodi, faces the following marginal cost: mc = q – 2, and is making profit in the short run.
find the equilibrium price and quantity for farmer jodi.
Answers: 1
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Consider a perfectly competitive market for apples, with the following demand and supply equations:...
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