Answer in step by step with explanation.Don't use Ai and chatgpt. Al Mond runs a business selling cheese and nuts. Assume this is the market for pecans.If the supply curve is Qs-200+20P, what is the marginal cost to supply the 60th pound of pecans?a. 4b. 5c. 7 d. 13e. 1000Answer

Given:Supply function: Qs = -200 + 20PQs = 60To find the marginal cost of the 60th pound of pecan,…

Answered: Al Mond runs a business selling cheese…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section30.2: Internalizing Externalities

Problem 2ST

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Al Mond runs a business selling cheese and nuts. Assume this is the market for pecans. If the supply curve is Qs-200+20P, what is the marginal cost to supply the 60th pound of pecans? a. 4 b. 5 c. 7 d. 13 e. 1000 Answer