3 A newsprint company has (private) marginal costs given by: Assume that the price of newsprint is...
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3 A newsprint company has (private) marginal costs given by:
Assume that the price of newsprint is determined, in a competitive market, to be $20 per unit. A by-product of the newsprint manufacturing process is sludge, which is dumped into a river. Suppose the costs of the sludge-dumping are estimated to be $4 for every unit of newsprint manufactured.
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Artificial Intelligence For Games
ISBN: 9780080885032
2nd Edition
Authors: Ian Millington, John Funge, Millington
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