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quantity/dinners Price Total revenue Marginal revenue 1 35 35 35 2 33.25 66.5 31.5 3 31.59 94.77 28.27 4 30.01 120.04 25.27 5 28.51 142.55
quantity/dinners Price Total revenue Marginal revenue 1 35 35 35 2 33.25 66.5 31.5 3 31.59 94.77 28.27 4 30.01 120.04 25.27 5 28.51 142.55 22.51 6 27.08 162.58 20.03 7 25.73 180.11 17.53 8 24.44 195.52 15.41 9 23.22 208.98 13.46 10 22.06 220.06 11.08 11 20.96 230.56 10.5 12 19.91 238.92 8.36 13 18.91 245.83 6.91 14 17.97 251.58 5.75
quantity/dinners | Price | Total revenue | Marginal revenue |
1 | 35 | 35 | 35 |
2 | 33.25 | 66.5 | 31.5 |
3 | 31.59 | 94.77 | 28.27 |
4 | 30.01 | 120.04 | 25.27 |
5 | 28.51 | 142.55 | 22.51 |
6 | 27.08 | 162.58 | 20.03 |
7 | 25.73 | 180.11 | 17.53 |
8 | 24.44 | 195.52 | 15.41 |
9 | 23.22 | 208.98 | 13.46 |
10 | 22.06 | 220.06 | 11.08 |
11 | 20.96 | 230.56 | 10.5 |
12 | 19.91 | 238.92 | 8.36 |
13 | 18.91 | 245.83 | 6.91 |
14 | 17.97 | 251.58 | 5.75 |
- (4 points)Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don't need to have exact answers but explain thedirection of change in the demand and/or marginal cost curves.
- (1 point) Everyone loses their job because of Covid.
- (1 point) The Trump Supreme Court majority strikes down minimum wage laws as infringements on the "right to contract" and wages fall in Amherst.
- (1 point) Shortage of beef because of climate change and wildfires raises the cost of ingredients to makeboeuf
- (1 point) Poorly designed economic development policies lowers rents in Amherst.
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