SleazeCo manufacturers wind turbines (that produce electricity) for sale in Texas. They currently have one manufacturing facility in Dallas, Texas, that has the following total cost curve: TC, = 10,000,000 + 150,000*q, + 25(qɔ)² , where qɔ is the number of turbines produced per year in Dallas and TC, is the total cost in dollars. While these turbines are fairly standard in design, the SleazeCo brand is well-regarded and has some market power. In fact, the demand and marginal revenue curves for SleazeCo is given by
SleazeCo manufacturers wind turbines (that produce electricity) for sale in Texas. They currently have one manufacturing facility in Dallas, Texas, that has the following total cost curve: TC, = 10,000,000 + 150,000*q, + 25(qɔ)² , where qɔ is the number of turbines produced per year in Dallas and TC, is the total cost in dollars. While these turbines are fairly standard in design, the SleazeCo brand is well-regarded and has some market power. In fact, the demand and marginal revenue curves for SleazeCo is given by
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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