The daily cost of making pizza in Seattle is C(Q) = 4Q + (Q2/40), plus an avoidable

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The daily cost of making pizza in Seattle is C(Q) = 4Q + (Q2/40), plus an avoidable fixed cost of $10; marginal cost is MC = 4 + (Q/20). In the long run firms may enter the market freely. What is the long-run market supply curve?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:53 AM

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The daily cost of making pizza in Seattle is C(Q) = 4Q + (Q2/40), plus an avoidable

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The longrun market supply curve is a horizontal line at P 500 Explanatio...View the full answer

Microeconomics

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