Solutions Economics

Exercise 9.8: Suppose Dan's cost of making pizzas is C(Q)=4Q+({Q^2}/40) , and his marginal cost func

Question: Exercise 9.8: Suppose Dan's cost of making pizzas is C(Q)=4Q+(Q2/40)C\left( Q \right)=4Q+\left( {{Q}^{2}}/40 \right) , and his marginal cost function is MC(Q) = 4+(Q/ 20) . Dan is a price taker. What is Dan's supply function? What if Dan has an avoidable fixed cost of $10.

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