Calculate the price, the marginal cost of rice, and the quantity produced if the government sets a
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The demand and supply schedules for rice are
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Quantity supplied Quantity Price idollarsdemanded per box) boxes per week) 1.20 1.30 1.40 1.50 1.60 3,000 2,750 2,500 2,250 2,000 1,500 2,000 2,500 3,000 3,500
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With a production quota of 2000 boxes a week the price is 160 a ...View the full answer
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