Assume quantities do not need to be integers. There are 1,000 wheat farmers each of whose marginal cost of production is given by MC(t)=17 (6/10) t, where t is the number tons produced by that farmer. At what market price are exactly 15000 tons supplied in total? Round to two decimal places, and do not enter the currency symbol. If your answer is $1.275, enter 1.28

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Answer To find the market price at which exactly 15000 tons are supplied in total w... View the full answer