A firm has a supply function given by S(p) = 4p. Its fixed costs are 100. If

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A firm has a supply function given by S(p) = 4p. Its fixed costs are 100. If the price changes from 10 to 20, what is the change in its profits?

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Intermediate Microeconomics

ISBN: 978-0393934243

8th edition

Authors: Hal R. Varian

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Question Posted: Feb 25, 2019 06:09 AM

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A firm has a supply function given by S(p) = 4p. Its fixed costs are 100. If

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At 10 the supply is 40 and at 20 the supply is 80 The p...View the full answer

Intermediate Microeconomics

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