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JU.UU 10.VU UU.UU 33.33 15.00 47.33 13 25.00 14.25 39.25 12 20.00 14.00 34.00 13 16.67 14.00 30.67 14 14.29 15.71 30.00 26 100 -

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JU.UU 10.VU UU.UU 33.33 15.00 47.33 13 25.00 14.25 39.25 12 20.00 14.00 34.00 13 16.67 14.00 30.67 14 14.29 15.71 30.00 26 100 - 12.50 17.50 30.00 30 9 11.11 19.44 30.55 35 10 10.00 21.60 31.60 41 11 9.09 24.00 33.09 48 12 7.33 26.67 35.00 56 Refer to the data above. If there were 600 identical firms in this industry and total o market demand is as shown below, equilibrium price will be: Price Quantity demanded $50 3,000 42 6,000 36 9,000 32 11,000 20 14,000 13 19,500 $32 $42 $13 $36The following cost data is for a firm which is selling in a perfectly competitive market: Average Average Average Total fixed variable total Marginal product cost cost COST cost $100.00 $17.00 $117.00 $17 50.00 16.00 66.00 15 33.33 15.00 47.33 13 25.00 14.25 39.25 12 20.00 14.00 34.00 13 16.67 14.00 30.67 14 14.29 15.71 30.00 26 8 12.50 17.50 30.00 30 11.11 19.44 30.55 35 10 10.00 21.60 11 31.60 41 9109 24:00 33.09 12 48 7.33 26.67 35.00 56 Refer to the data above. If there were 600 identical firms in this industry and total or market demand is as shown below, equilibrium price will be: Price Quantity demanded $50 3.000 42 6.000 36 9,000 32 11,000 20 14,000 13 19.500 $32 $42

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