Q. Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information?
Q. If given a demand schedule for a perfectly competitive market, and the output, marginal cost, average variable cost and average total cost for each firm (100 firms in the market), how do i find market price, market quantity, explain how many smoothest sold by each firm, and what is the profit made by each firm?