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Maximum number of hot dogs

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Consider a city that has a number of hot dog stands operating throughout the downtown area. Suppose that each vendor has a marginal cost of ?$1.50 per hot dog sold and no fixed cost. Suppose that the maximum number of hot dogs that any one vendor can sell is 50

If the price of a hot dog is ?$2.00 how many hot dogs does each vendor want to? sell?

Reference no: EM132460990

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