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It is hard. Crying The market for shoveling cars from snow, measured in number of hours shoveling, is perfectly competitive. It has market demand, Qd(Pd)=48015Pd.
It is hard. Crying
The market for shoveling cars from snow, measured in number of hours shoveling, is perfectly competitive. It has market demand, Qd(Pd)=48015Pd. It is comprised of 120 teenagers of equal skill that offer car shoveling services have identical costs, C(qi)=16+qi2+4qi. The current market-clearing price and quantity (market equilibrium) is hours of shovelimg for a price of $ Each car shoveler makes an economic profit ( ) of $ (include negative sign if it's a loss). Industry equilibrium, would occur at a market price of $ _. caused because car shovelers (entered/exited) Round all prices to nearest penny. Market quantities to nearest whole unitStep by Step Solution
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