Price Quantity demanded Quantity supplied
(dollars
per bag)
(bags per week)
1.20
1.30
1.40
1.50
1.60
3,000
2,750
2,500
2,250
2,000
1,500
2,000
2,500
3,000
3,500
If the government sets a production quota of 2,000 bags a week, calculate the
price of rice, the marginal cost of producing rice, and the quantity produced.
>>> Answer to 2 decimal places.
With the production quota, the price of a box of rice is $ Type, the margina
cost of producing rice is $ Type a bag, and the quantity of rice produced is
Type bags a week.