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Give Me a Pane, Inc., distributes window glass to hardware and building supply chains located throughout the Northeast. Like several grain and commodity markets, the market for common single-pane glass is perfectly competitive. The company's technology defines a marginal cost per pound of single-pane glass given by the relation:

MC = $1.00 + $0.0001Q

where Q is pounds of single-pane glass.

A. find out the industry price necessary for the firm to supply 10,000, 20,000, and 30,000 pounds.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M960507

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