Question
Demand from a person to have a clean area for leisure in the park is P=8-4Q.. Draw out the demand curve for 1 person, 2
Demand from a person to have a clean area for leisure in the park is P=8-4Q..
Draw out the demand curve for 1 person, 2 person and 5 people.
If MC=3, draw out the demand curves for 1 person and 5 people
Determine the optimal price and quantity for one person and
Determine the optimal price and quantity for 5 people. How much does each person have and need to pay?
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Microeconomics
Authors: Paul Krugman, Robin Wells
5th edition
1319098780, 1319098789, 978-1319098780
