5. Suppose a chenmical company is in a perfectly competitive industry and has a short run total cost curve of TC= 3 many will be produced? +5q+10q+10 and a short run marginal cost of SMC-q²+10q+10. At the price of 385, how a. S b. 3 c. 20 J. 0 15
5. Suppose a chenmical company is in a perfectly competitive industry and has a short run total cost curve of TC= 3 many will be produced? +5q+10q+10 and a short run marginal cost of SMC-q²+10q+10. At the price of 385, how a. S b. 3 c. 20 J. 0 15
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![5. Suppose a chemical company is in a perfectly competitive industry and has a short run tolal cost curve of
TC =
+5q+10q+10 and a short run marginal cost of SMC-q+10g +10. At the price of 385, how
many will be produced?
b. 3
c. 20
d. 0
c. 15
-7.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feee371f9-a37f-41f2-9345-96b9b9127931%2Fae5ae0c5-e210-427e-93a2-0769f84d18ed%2Fsbdwd8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. Suppose a chemical company is in a perfectly competitive industry and has a short run tolal cost curve of
TC =
+5q+10q+10 and a short run marginal cost of SMC-q+10g +10. At the price of 385, how
many will be produced?
b. 3
c. 20
d. 0
c. 15
-7.
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