ime the pizza market is a perfectly competitive constant cost industry, and all firms have identica homogenous firms). The market demand and market supply functions for this perfectly competit stry are given below. L 0 1 2 3 4 5 6 7 8 9 9-TP = 0 10 20 30 40 50 60 70 80 90 TC 100 205 2.45 280 340 430 S45 720 930 1190 P = 30.5.005Q P = 1.7+.003Q TFC TVC 100 0 100 105 20.50 10.50 10.50 100 145 12.25 7.25 4.60 100 180 9.33 6.00 3.50 100 8.50 6.00 6.00 100 8.60 6.60 100 9.08 7.42 100 10.29 8.86 100 11.63 10.38 100 13.22 12.11 330 445 620 830 1090 ATC AVC MC 9.00 11.5 17.50 21.00 26.00

ime the pizza market is a perfectly competitive constant cost industry, and all firms have identica homogenous firms). The market demand and market supply functions for this perfectly competit stry are given below. L 0 1 2 3 4 5 6 7 8 9 9-TP = 0 10 20 30 40 50 60 70 80 90 TC 100 205 2.45 280 340 430 S45 720 930 1190 P = 30.5.005Q P = 1.7+.003Q TFC TVC 100 0 100 105 20.50 10.50 10.50 100 145 12.25 7.25 4.60 100 180 9.33 6.00 3.50 100 8.50 6.00 6.00 100 8.60 6.60 100 9.08 7.42 100 10.29 8.86 100 11.63 10.38 100 13.22 12.11 330 445 620 830 1090 ATC AVC MC 9.00 11.5 17.50 21.00 26.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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ume the pizza market is a perfectly competitive constant cost industry, and all firms have identical homogenous firms). The market demand and market supply functions for this perfectly competit stry are given below. L 0 1 2 3 4 5 6 7 8 9 q=TP 0 10 20 30 40 50 60 70 80 90 TC 100 205 2.45 280 340 430 545 720 930 1190 P = 30.5-.005Q P = 1.7+.003Q TFC TVC 100 0 100 105 20.50 10.50 100 145 12.25 7.25 100 180 9.33 6.00 100 240 8.50 6.00 100 330 8.60 6.60 100 445 9.08 7.42 100 620 10.29 8.86 100 830 11.63 10.38 100 1090 13.22 12.11 ATC AVC MC 10.50 4.60 3.50 6.00 9.00 11.5 17.50 21.00 26.00
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