Sweaters sell for $20 at the crafts fair. Allie knits sweaters and her marginal costs are given

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Sweaters sell for $20 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie’s marginal costs increase with each additional sweater. If Allie is behaving rationally, how many sweaters will she sell?

	Marginal Cost ($)
1st sweater	3
2nd sweater	6
3rd sweater	10
4th sweater	16
5th sweater	23
6th sweater	30

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Posted Date: Mar 09, 2024 07:46 AM

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Sweaters sell for $20 at the crafts fair. Allie knits sweaters and her marginal costs are given

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analysis To determine the number of sweaters Allie will sell we need to compare her marginal co... View the full answer

Microeconomics

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