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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 363 Weeks Ago, 5 Days Ago |
| Questions Answered: | 352 |
| Tutorials Posted: | 351 |
MBA,PHD in Psychology
Northwest Florida State College
Jun-1992 - May-1997
Professor
Northwest Florida State College,
Aug-2006 - Nov-2015
Consider again exercise 9.8. If Dan’s cost increases by $2 per pizza, so that his cost function becomes C(Q) = 6Q + (Q2/40) and his marginal cost becomes MC = 6 + (Q/20), how will his supply function change?
Exercise 9.8
Suppose Dan’s cost of making pizzas is C(Q) = 4Q + (Q2/40), and his marginal cost is MC = 4 + (Q/20). Dan is a price taker. What is Dan’s supply function? What if Dan has an avoidable fixed cost of $10?
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