Paul's firm produces the same good as Sal's firm. The total cost of producing q p units in Paul's firm is C p ( q p ) = 8.6 q p + 1.1. The total cost of producing q s units in Sal's firm is C s ( q s...


Paul's firm produces the same good as Sal's firm.


The total cost of producing qp units in Paul's firm is Cp( qp ) = 8.6 qp + 1.1.


The total cost of producing qs units in Sal's firm is    Cs( qs ) = 8.6 qs + 1.1.


What is the efficiency loss if each person's firm produces half of a total of 523 units?



Jun 05, 2022
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