題組內容

[題組二25%]
Each vendor in a city has a marginal cost of $1.5 per burger sold and bears a fixed cost at $50. Suppose the maximum number of burgers any one vendor can produce in a day is 100.

3.Suppose the city government decides to regulate vendors by issuing permits. If the city issues only 30 permits under a bidding process, how much will a permit cost to a vendor? How will a burger be priced accordingly?