Multiple Choice
The following are marginal cost curves for selling chicken in a Mom & Pop (MCM) store and in a Big-Box retailer (MCB) .
MCM = 2 + 2QM
MCB = 4 + QB
If the price of a chicken is $12, how many chickens does each store supply?
A) Mom & Pop: 5; Big-Box: 8
B) Mom & Pop: 1; Big-Box: 1
C) Mom & Pop: 26; Big-Box: 20
D) Mom & Pop: 8; Big-Box: 8
Correct Answer:
Verified
Correct Answer:
Verified
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