Micro Econ, economics homework help

Anonymous
timer Asked: Apr 28th, 2017
account_balance_wallet $30

Question Description

ALL ANSWERS SHOULD BE BASED ON THE EXCEL TABLE IN THE ATTACHMENTS BELOW.

ALSO IN THE ATTACHMENTS IS THE QUESTIONS SHEET.

QUESTION 5 A. AND B *THE ANSWER SHOULD BE THE DEFINITION AND THE EXAMPLES.

C) ITS 2 GRAPHS WITH COMMENTS DISCUSS ABOUT THE RELATIONSHIP BETWEEN COST AND MARKET PRICE.

D) IT HAS TO BE A SCHEDULE WHEN THE MC=MR I WILL TAKE THE NUMBER OF TC.

6) ONE PARAGRAPH

7) ONE PARAGRAPH IN GENERAL

8) ALSO ONE PARAGRAPH IN GENERAL.

Unformatted Attachment Preview

Deliverable 1 and Deliverable 2 A B C D E F G Production of diamonds per month 0 1000 2000 3000 4000 5000 6000 Market Quantity Quantity Price of a demanded supplied per diamond per month month (in KD) (thousands) (thousands) 2425 7 1 2450 6 2 2475 5 3 2500 4 4 2525 3 5 2550 2 6 2575 1 7 Production of gold per month 12000 10000 8000 6000 4000 2000 0 Final Deliverable (all values are in KD) Quantity 0 10 20 30 40 50 60 70 80 90 Price 10000 9990 9980 9970 9960 9950 9940 9930 9920 9910 Total Revenue 0 99900 199600 299100 398400 497500 596400 695100 793600 891900 Fixed Cost 5000 Variable Cost Total Cost 0 75000 140000 220000 310000 409500 510000 620000 740000 870000 Average Fixed Cost Average Variable Cost Quantity demanded Quantity per month supplied per (new) month (new) Average Total Cost Marginal Revenue Marginal Cost Profit ...
Purchase answer to see full attachment

Tutor Answer

prof_mikewillims
School: Boston College

Attached.

Deliverable 1 and Deliverable 2

Production of
diamonds per
month
0
1000
2000
3000
4000
5000
6000

A
B
C
D
E
F
G

Market
Quantity
Quantity
Price of a demanded supplied per
diamond per month
month
(in KD) (thousands) (thousands)
2425
7
1
2450
6
2
2475
5
3
2500
4
4
2525
3
5
2550
2
6
2575
1
7

Production
of gold per
month
12000
10000
8000
6000
4000
2000
0

Final Deliverable (all values are in KD)

Quantity
0
10
20
30
40
50
60
70
80
90

Total
R...

flag Report DMCA
Review

Anonymous
Good stuff. Would use again.

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors