The market supply curves and market demand curves for books are given as follows:Supply curve: P = 0.000002Q Demand curve: P = 11 0.00002QThe short run marginal cost curve: MC = 0.1 + 0.0009 QThe short run equilibrium level of output is a .10 0000b.10 000c.1d.1000
The market supply curves and market demand curves for books are given as follows:Supply curve: P = 0.000002Q Demand curve: P = 11 0.00002QThe short run marginal cost curve: MC = 0.1 + 0.0009 QThe short run equilibrium level of output is a .10 0000b.10 000c.1d.1000
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 21P
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Transcribed Image Text:The market supply curves and market demand curves
for books are given as follows:Supply curve: P
= 0.000002Q Demand curve: P = 11 0.00002QThe
short run marginal cost curve: MC
= 0.1 + 0.0009
QThe short run equilibrium level of output is a
.10 0000b.10 000c.1d.1000
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