Q1. A purely competitive firm finds to the market price for its product is $20. It has a fixed cost of $100 also a variable cost of $10 per unit for the first 50 units also then $25 per unit for all successive units.
Q2. That of the following would mostly likely cause the Demand for miller beer to reduce?
Q3. Assume the Demand function is given by Qxd = 8Px(to the .5), Py(to the .5), M(to the .12) H. Then the Demand for good X is: Elucidate how calculations to elucidate