. The minimum supply price of the 20th DVD is the marginal cost of the 20th DVD,...

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. The minimum supply price of the 20th DVD is the marginal cost of the 20th DVD, which is $15 (Figure 2 ).

The marginal cost of the 10th DVD is equal to the minimum supply price for the 10th DVD, which is $10.

The producer surplus on the 10th DVD is its market price minus the marginal cost of producing it, which is

(the blue arrow in Figure 2 ).

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 01:00 AM

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. The minimum supply price of the 20th DVD is the marginal cost of the 20th DVD,...

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Foundations Of Microeconomics

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