Q. Before the hurricane hit, illustrate what was the equilibrium cost of gasoline in Colorado on an average day?
Q. Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of construction characterized by scale of economies? At illustrate what construction level are scale economies exhausted?
Q. Camille is at the candy store with her grandmother, who offers to buy her $6 worth of candy. If lollipops are $1 each also candy bars are $2 each, illustrate what combination of candy can Camille's grandmother buy for her?