12. Which one of the following statements is correct concerning the relationships among the firm's cost functions? (а) ТC (b) TVC (c) TFC = (d) TC = TFC – TVC. TFC – TC. %3D TC - TVC. %3D TVC – TFC. %3D

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A: Under cartel arrangement firms will act as a monopoly.

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A: wants satisfy power of commodity is utility here we calculate marginal and total utility as follow-

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A:

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Q: Qd = 2,100 - 125P Qs = 600 + 175P,

A:

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Q: 10 100 200 300 400 500 600 Quantity demanded (per day) (Figure: The Demand for Shirts) Use Figure:…

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A: Equilibrium is achieved at the output level where Qs equals Qd.

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Q: What are the firm's average total costs at an output of 10 pizzas? $12 O $100 $10 $120

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A: Here we calculate the future amount by using the formula which are as follow-

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A: The money multiplier formula is given by: (1+cu)/(cu+res)

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A:

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A: we can fill the table by calculating the TR , MR , AR  which are as follow-

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A:

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A: Answer -

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A: here we solve the following as follow-

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Q: Given the C = 300 + 0.7Y and the Y = 3000 find %3D the level of the consumption.

A:

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A:

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