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A linear supply curve is given by Qs=-225+10P 1. At what price does the quantity supplied first fall to zero? Round to 1 decimal. 2.What

A linear supply curve is given by Qs=-225+10P

1. At what price does the quantity supplied first fall to zero? Round to 1 decimal.

2.What is the quantity supplied when the price equals 50?

3.What is the quantity supplied when the price equals 20?

4.How many units are in firms' profit maximizing bundles when the price equals 100?

5.What is the minimum willingness to accept for the 150th unit? Round to 1 decimal

6.What is the marginal cost for the 200th unit? Round to 1 decimal

7.Assume the price of the good is $50, what is total revenue?

8.Assume the price of the good is $50, what is the producer surplus? Round to 2 decimals

9.Assume the price of the good is $50, what is the total cost of production? Round to 2 decimal

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