econ homework - Quantity Price Cost 100 7 4 TR TC Profit...

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Kelley Benham 2-18-08 AEC 3233 1) Table 1: Market Supply and Demand for Widgets at various prices. Price Supply Demand $1 0 55 $2 5 50 $3 10 45 $4 15 40 $5 20 35 $6 25 30 $7 30 25 $8 35 20 $9 40 15 $10 45 10 On the x axis is the quantity and the y axis the price. The curves represent the supply and demand trends. The equilibrium is $6.50 and 27. 2) Table 2: Formulas for Supply and Demand of Widgets
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Unformatted text preview: Quantity Price Cost 100 7 4 TR TC Profit =C3*D3 =C3*D3 =B6-C6 AR AC AVG Prof =B6/B3 =C6/C3 =D6/D3 Quantity Profit Kelley Benham 2-18-08 AEC 3233 =C$3*B12-D$3*B12 100 =C$3*B13-D$3*B13 200 =C$3*B14-D$3*B14 300 =C$3*B15-D$3*B15 400 =C$3*B16-D$3*B16 500 =C$3*B17-D$3*B17...
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This homework help was uploaded on 04/18/2008 for the course AEC 3233 taught by Professor Petrolia during the Spring '08 term at Mississippi State.

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econ homework - Quantity Price Cost 100 7 4 TR TC Profit...

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