Chirimollas grow only on the island of Socorro, off the coast of Mexico. They need very little soil, so virtually an unlimited supply can be grown at a cost of $4 per unit. When they are exported to the United States, half of the chirimollas that are shipped rot on the boat and are dumped in the ocean. Shipping costs are $1 for every unit that is put on board a ship. The demand function for chirimollas in the United States is given by the equation q = 10,000 - 20p2. If chirimollas are competitively supplied, the number of units that are sold in the United States will be
A) 8,000.
B) 9,500.
C) 9,680.
D) 9,190.
E) 9,000.
Correct Answer:
Verified
Q28: In the problem discussed in your workbook,
Q29: In the absence of government interference, there
Q35: In a certain industry, the supply curve
Q36: In the absence of government interference, there
Q39: Suppose that all firms in a given
Q42: The price elasticity of gasoline in the
Q42: The cost per bushel of growing corn
Q43: In Baggs, Wyoming, cattle can be produced
Q44: The cheese business in Lake Fon-du-lac, Wisconsin,
Q45: In Baggs, Wyoming, cattle can be produced
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents