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Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marginal cost is given by MC...

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Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marginal cost is given by MC = 10 + (Q/80).a. How many spaghetti dinners should the firm make each day?b. What if the firm has avoidable fixed costs of $1562.50?c. What is the firm's supply function if there is no avoidable fixed cost?d. What is the supply function if the firm has avoidable fixed costs of $1562.50?
Answered Same Day Dec 20, 2021

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David answered on Dec 20 2021
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Suppose a competitive firm produces spaghetti dinners
Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marginal cost is given by MC = 10 + (Q/80).a. How many spaghetti dinners should the firm make each day?b. What if the firm has avoidable fixed costs of $1562.50?c. What is the firm's supply function if...
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