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Llanis Llanis
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6 years ago
Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at $0.20 per pound when 500 pounds are grown. The demand for potatoes is Q = 10,000/p. If the long-run supply curve is horizontal, then how many pounds of potatoes will be consumed in total?
A) 0
B) 500
C) 10,000
D) 50,000
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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TecShdwTecShdw
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#1
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6 years ago
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Llanis Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
zbmallo3
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Yesterday
Brilliant ツ
kaytee23
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2 hours ago
this is exactly what I needed
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