Rummy0.27KB/S9:43 JםיC |ווי ןוי לVo$40 describe the change inhisbudget line.f. If Rummy's income is $20 and allthe money spend to purchaseburger, how many burger he canpurchase?FlowersTCFC644530074858530958010635116952.Consider Competitive Market where Jamil isselling flowers. If Market Price is $50 answerthe following Questions:i.How many flowers should he sell?ii.Calculate Jamil's Profit or Lo.ii.Find the Price at which he will shutdown in the short run.iv.Find the Price at which he will exitfrom the market.

We will answer the first three subparts only. Please resubmit the question mentioning any other…

Answered: Flowers TC FC 6 445 300 7 485 8 530 9…

Business

Economics

Flowers TC FC 6 445 300 7 485 8 530 9 580 10 635 11 695

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Rummy
0.27
KB/S
9:43 J
םיC |ווי ןוי ל
Vo
$40 describe the change in
his
budget line.
f. If Rummy's income is $20 and all
the money spend to purchase
burger, how many burger he can
purchase?
Flowers
TC
FC
6
445
300
7
485
8
530
9
580
10
635
11
695
2.
Consider Competitive Market where Jamil is
selling flowers. If Market Price is $50 answer
the following Questions:
i.
How many flowers should he sell?
ii.
Calculate Jamil's Profit or Lo.
ii.
Find the Price at which he will shut
down in the short run.
iv.
Find the Price at which he will exit
from the market.

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