A firm has a supply function given by S(p) = 4p. Its fixed costs are 100. If
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A firm has a supply function given by S(p) = 4p. Its fixed costs are 100. If the price changes from 10 to 20, what is the change in its profits?
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At 10 the supply is 40 and at 20 the supply is 80 The p...View the full answer
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