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Suppose that empanadas can only be made in Argentina and that empanadas can be made at a cost of $9 per unit. Empanadas are shipped
Suppose that empanadas can only be made in Argentina and that empanadas can be made at a cost of $9 per unit.
Empanadas are shipped to Canada by ship and the cost for each unit put on board is $1.
However, half of the empanadas on board rot, and need to be dumped in the ocean.
The demand for empanadas in Canada is given by:
q=10,000-p^2
If empanadas are competitively supplied, how many units will be sold in Canada?
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