5. John Capellini owns a small vineyard and sells wine. The market for his type of wine is fully competitive. John's cost function per bottle is TC 800 +2Q+.5Q²2. If John can sell his wine for $32 per bottle, how many bottles should he produce? a. 1884 b. 800 c. 40 d. 30. =

5. John Capellini owns a small vineyard and sells wine. The market for his type of wine is fully competitive. John's cost function per bottle is TC 800 +2Q+.5Q²2. If John can sell his wine for $32 per bottle, how many bottles should he produce? a. 1884 b. 800 c. 40 d. 30. =

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

5. John Capellini owns a small vineyard and sells wine. The market for his type of
wine is fully competitive. John's cost function per bottle is
TC
= 800 +2Q +.5Q².
If John can sell his wine for $32 per bottle, how many bottles should he
produce?
a. 1884
b. 800
c. 40
d. 30.

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