3. (1 mark) There are three different producers whose MC curves are MCA=3 +0.3Qs, MCB= 4+0.6Qs and MCc=1+0.1 Qs, where Q is measured in terms
3. (1 mark) There are three different producers whose MC curves are MCA=3 +0.3Qs, MCB= 4+0.6Qs and MCc=1+0.1 Qs, where Q is measured in terms of 1000 units. a. Derive and graph the aggregate supply curve for tennis balls. b. If the price of tennis balls is $4 per container, can each of these producers stay in business? Explain why or why not. How much will each want to produce at this price
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