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Producer surplus jackson bakery receives

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Reference no: EM131600931

Consider the information on daily production and costs at Jackson's Bakery

Quantity (dozens of loaves) Total Cost (dollars)

0                                                   20

1                                                   22

2                                                   26

3                                                   32

4                                                   40

5                                                   50

6                                                   62

7                                                   70

a) Calculate the marginal cost for Jackson's bread production

b) Draw the supply curve for Jackson's Bakery

c) Jackson's Bakery can sell as many loaves as she wants in the market at a price of $12 for a dozen of loaves. How many loaves will she sell each day? Use your diagram to how much producer surplus Jackson's Bakery receives.

Reference no: EM131600931

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