=+a. Begin with your firms long-run weekly average cost curve and relate it to the weekly demand
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=+a. Begin with your firm’s long-run weekly average cost curve and relate it to the weekly demand curve for gasoline in your city as well as the short-run weekly aggregate supply curve assuming the industry is in long-run equilibrium. Indicate by x* how much weekly gasoline you sell, by p* the price at which you sell it, and by X* the total number of gallons of gasoline sold in the city per week.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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