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econ homework

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

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