Mathematics, 24.07.2020 21:01 Reine3395
Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at $0.6 per pound when 150 pounds are grown. The demand for potatoes is Q = 40,000/p. If the long-run supply curve is horizontal, then what would be the total consumer spending?
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Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimize...
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