The long-run cost function of one of the identical carrot-producing firms is C(q) = 45q-q² +0.01g³. The market demand curve is Q = 10,000 - 190p. Now, the government starts collecting a specific tax, t = 15, on the carrot market The market quantity demanded is 8500, the number of firms is 200 The market quantity demanded is 2850, the number of firms is 53 The market quantity demanded is 3350, the number of firms is 67

The long-run cost function of one of the identical carrot-producing firms is C(q) = 45q-q² +0.01g³. The market demand curve is Q = 10,000 - 190p. Now, the government starts collecting a specific tax, t = 15, on the carrot market The market quantity demanded is 8500, the number of firms is 200 The market quantity demanded is 2850, the number of firms is 53 The market quantity demanded is 3350, the number of firms is 67

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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