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Market demand curve

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Reference no: EM131166784

Woodard Inc. is a firm operating in a market with another larger firm. The market is a mining industry for a rare metal. Woodard Inc. has the following short-run cost curve:

TC = 500,000 -1,000Q + 100Q2 and faces the following TOTAL market demand curve:

P = 40,000 - $20.50Q

Please compute Woodard Inc.'s marginal cost curve.

Reference no: EM131166784

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