How many footballs will bedemanded by consumers per day

Reference no: EM13243257

Thereare large numbers of sports industries which are producingfootballs and they are competing with each other with respect toprice as well as quality. Suppose that the marginal cost ofproducing footballs is $20 per football and each industry iscapable of producing 100 footballs a day. And the demand functionfor the footballs each day be

D(P) = 2000-50P

What is the perfectlycompetitive price of a football?

How many footballs will bedemanded by consumers per day?

Reference no: EM13243257

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