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Author Question: All these curves are U-shaped except a. Average fixed cost curve b. Marginal cost curve c. ... (Read 62 times)

Hungry!

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on: Jul 1, 2018
All these curves are U-shaped except
 a. Average fixed cost curve
  b. Marginal cost curve
  c. Average variable cost curve
  d. Average total cost

Question 2

Demand is given by QD = 620 - 10P and supply is given by QS = 100 + 3P. What is the price and quantity when the market is in equilibrium?
 a. The price will be 30 and the quantity will be 132 units.
  b. The price will be 11 and the quantity will be 122 units.
  c. The price will be 40 and the quantity will be 220 units.
  d. The price will be 35 and the quantity will be 137 units
  e. The price will be 10 and the quantity will be 420 units.


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coyin

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


Hungry!

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bulacsom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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