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Bollgard cotton varieties are genetically engineered to express a toxin from Bacillus thuringiensis (Bt), which makes them resistant to certain pests, specially Boll worms (Helicoverpa armigera).
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
What is the saddle point for the following zero sum game?