8. Three students at the same school hear about the success of cookie delivery businesses on college
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8. Three students at the same school hear about the success of cookie delivery businesses on college campuses. Each student decides to open a local service. The individual supply schedules are shown below.
Quantity supplied Delivery charge Esra Remzi Camilo
$1 2 3 6
$2 4 6 7
$3 6 9 8
$4 8 12 9
$5 10 15 10
$6 12 18 11
a. Draw the individual supply curves.
b. Sum the individual supply schedules to compute the short-run industry supply schedule.
c. Draw the industry supply curve.
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