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

Microeconomics: Private and Public Choice (MindTap Course List)
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Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Chapter3: Demand, Supply, And The Market Process
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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
Transcribed Image Text: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
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