We BEGIN with a perfectly competitive market for commercial seedless grapes. Quantity in thousands of pints, and price in $ per pint. The DEMAND for grapes is reflected by Qd = 25 - 2Px And SUPPLY by Os = Px -5

6T Demand for Milk in Smalltown IISA Fill in the Blank Question Refer to the graph as shown. If the price of milk is $2 per gallon, then th consumers would be willing to purchase gall of milk per day. (Enter a number in the blank.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

4. Elasticity and total revenue The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 120 110 100 Total Revenue 90 B0 70 50 40 30 20 10 Demand 10 20 30 40 50 70 90 100 110 120 QUANTITY (Bippitybops) PRICE (Dollars per bippitybop)

Situation: Lettuces and strawberries have almost doubled in price, and the produce rep says this will likely be the case for a few months until the market can recover. What are you likely to see over the next one to two months as far as food cost?

nswer choice carefully and choose the ONE best answer or fill in the numerical value. Make sure you are mindful of the time. Question 1 口 Imagine a jeweler is currently selling 200 bracelets at a price of $1,000 each. To sell 10 more bracelets, the company has to lower the price (of all bracelets) by $50. What is the marginal revenue from selling those additional diamonds? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a -50 b 50 50 C 500 d -500 Question 2 The table below sets out cost information for the production of trumpets. Some values are missing. Which of the following statements is correct? Quantity Variable Cost Fixed Cost Total Cost Average Variable Cost (S per Marginal Cost ($ per unit) Σ

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The accompanying graph shows the short-run demand and cost situation for a price searcher in a market with low barriers to entry. Price (dollars) 24 10 V ATC The firm will receive $ MR Quantity/time The firm will maximize its profit at a quantity of▼ units. D Options: 6, 8, 9, or 10 After choosing the profit maximizing quantity, the firm will charge a price of in revenue at the profit-maximizing quantity. The total cost of production for this profit-maximizing quantity is $ The maximum profit the firm can earn in this situation is How will the situation change over time? Options: 6,8 10, or 24 per unit for this output. O Profits will attract rival firms into the market until the profit-maximizing price falls to the level of per-unit cost. O The market will adjust until the price charged by this firm no longer exceeds marginal cost at the profit-maximizing quantity. O This market is already in long-run equilibrium, and will not change throughout time. O Losses will induce firms to leave…

A D1 Quantity (per day) Suppose the demand curve shifts to the right and the supply curve shifts to the Right by more than the demand curve. The new demand curve will be upward sloping v and the new supply curve will be downward sloping v

3. Show in a diagram the initial market for 5 stages reverse osmosis filter systems. Then, show the effect of a decline on the price of replacement filters in this market. Be sure to present all labels related to initial and new market outcomes.

Please answer Not a grade Was this change an increase or decrease?  As a result did the equilibrium price and quanity increase of decrease?