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1. Calculate qty2. Calculate price3. Calculate price elasticity of demand In a fairly mid-sized rural area, Farm2Home is the only seller of organic eggs. The

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1. Calculate qty2. Calculate price3. Calculate price elasticity of demand

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In a fairly mid-sized rural area, Farm2Home is the only seller of organic eggs. The current machinery and equipment used are relatively new, and Farm2Home leases them for $475 per week. In addition to the lease payments, this profit-maximizing firm faces additional costs that include wages for the farm workers, cereal grains for the chickens, and additional raw materials. The firm's average variable cost and marginal costs are described by the equations: AVC = 3.8 + 0.02Q and MC = 3.8 + 0.04Q, where Q is the quantiy of organic eggs per week. Given the size of the population and their dietary needs, local researchers at the nearby university have estimated the demand for organic eggs, and it is described by the following equation: P = 17 - 0.04Q. (Question 1 of 10) Given the current market environment, how many organic eggs does Farm2Home trade per week

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