ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Market demand is given as QD = 220 – 3P. Market supply is given as QS = 3P + 40. Each identical firm has MC = 0.3Q and ATC = 0.2Q. What is a firm's average total cost ?
Question 62 options:
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$30 |
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$5 |
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$20 |
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$18 |
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