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answers1 - Quiz 1 Answers 1. $120 2. Days per week...

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Unformatted text preview: Quiz 1 Answers 1. $120 2. Days per week 1 2 3 4 5 6 7 Total Benefit ($ earned) $300 $550 $750 $900 $1000 $1050 $1050 Marginal Benefit $300 $250 $200 $150 $100 $50 $0 Total Cost ($) $50 $125 $225 $350 $500 $675 $875 Marginal Cost $50 $75 $100 $125 $150 $175 $200 3. 4 days 4. Price Range P > $5.00 $3.50 to $5.00 $2.50 to $3.50 $1.00 to $2.50 $0.50 to $1.00 $0 to $1.00 Quantity Demanded 0 1 2 3 4 5 5. 6500 Avocado Supply and Demand 3 2.5 Price 2 1.5 1 0.5 0 0 50 100 150 200 250 Quzntity 6. 7. $1.00 8. 75 9. 10 thousand pens 10. $320 ...
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