Please help me with the Q7
Solving first 4 parts as per Chegg policy. Please post rest separately. Thank you.
A. MB is also called Marginal Utility
B. MC is also referred as Variable Cost
C. MB and MC curves are shown below
Equilibrium quantity and equilibrium prices are 2.57 and 5429. These are the points were the demand and supply curves intersect. Quantity is on X-axis while demand is on y-axis
D. Consumers A and B and will be part of the market as they derive the highest utility and their utility is higher than 5429.
Producers R and T will be part of the market as their costs are below 5429.
Please help me with the Q7 Too. B foxto x = (40-10) xboxt-900 7) In the...
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