Managerial Economics (MG608) Assignment #2 Victor Smith Date: 02/10/2003 Textbook Problems
(see Appendix for Graphs)
p77 #2) Solve the following demand equations for TR(max). Provide TR equation with
CHAPTER 8 PRICING AND OUTPUT DECISIONS: PERFECT COMPETITION AND MONOPOLY
QUESTIONS 1. All four of the characteristics listed in Figure 8.1A of Chapter 8 are important to ensuring that buyers and selle
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Managerial Economics (MG608) Assignment #3 Victor Smith Date: 02/16/2003 Textbook Problems
p142 #1) E p = 0Q / 0P E p = 2 0% / -10% Ep = - 2 p 142 #3) Demand Equation 3a) Interpret equation 3b) price