Suppose dan has a daily variable cost of vc q22 a marginal
Suppose Dan has a daily variable cost of VC = Q2/2, a marginal cost of MC = Q, and an avoidable fixed cost of $50 per day.
(a) What is Dan’s supply function?
(b) Graph Dan’s supply function.
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an example of positive analysis is studyinga if income distributions are fairb whether equilibrium outcomes are fairc
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suppose dan has a daily variable cost of vc q22 a marginal cost of mc q and an avoidable fixed cost of 50 per daya
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