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3 Dave raises puppies in his home in suburban Minneapolis and sells them torS450 each. He has no fixed costs; his marginal costs ot production are...

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How do I find where MR=MC what is it's value?


3. Dave raises puppies in his home in suburban Minneapolis and seiis them for $450 each. He
has no iii-red costs; his marginal costs of production are given below. No. of Puppies Marginal Cost to Dave Social Marginai Cost 1 $10K! _2rs_
2 item _ars_
3 seen _4?5_
4 $4oo _5?5_
5 Eco _s:rs_
s soon _??5_
'r' $‘roo _s:rs_ The problem is that Dave's neighbors don't want to live around so many puppies. In fact, they
suffer $1Tr‘5 worth of damage from each dog Dave raises. A. if Dave is free to raise as many puppies as he iilces, MB now many will he want to raise? Draw a graph showing
Tflfl MC Dave's marginal cost and marginal revenue from
fiflfi raising puppies. indicate on your graph and expiain in
5GB words how many puppies Dave witi raise. {4 points}
4GB Dave wiii raise the amount of puppies where the
BUD marginal cost will equal the marginai benefits. I can’t
2GB lcnow an exact quantity unless I lcnow the pn'ce they sail for. 100

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