Ellie and John sell pizzas in a small town. Ellie is willing to sell 14 pizzas when the price is $10 per pizza, but only 13 pizzas when the price is $8 per pizza. John, on the other hand, is willing to sell 19 pizzas when the price per pizza is $10, but only 17 pizzas when the price is $6 per pizza. At $10 per pizza, the market quantity supplied is equal to _____
a. 31
b. 32
c. 33
d. 29
c
Economics
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Society will produce ________ if price and marginal cost are equated for all firms.
A. the minimum output B. the efficient mix of output C. no output D. the maximum output
Economics