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Business, 25.06.2019 06:20 karyssa33

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 $1.501.50 per hot dog sold and no fixed cost. suppose that the maximum number of hot dogs that any one vendor can sell is 5050 per day. if the price of a hot dog is $2.002.00, how many hot dogs does each vendor want to sell? each vendor will want to sell 5050 hot dogs. (enter your response as an integer.) if the industry is perfectly competitive, will the price remain at $2.002.00 for a hot dog? if not, what will the price be?

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