Please do question d & e (a) Complete all the cost columns.(b) Assume price $5. Complete the rest of the table.(c) Graph TR and TC on the graph up and to the right.(d) For the market graph below on the right, label demand, supply and the prevailing market price. Label theequilibrium market quantity with q*.(e) For the firm graph below to the left, label the axis. PLOT USING THE DATA IN THE TABLE the demand curve thefirm faces, the marginal revenue curve, the average cost curve, the marginal cost curve, and the equilibrium price,quantity. Show the profit. Do all the plots give you the same answer?Graph the marketGraph the firm Assume that the purely competitive firm operates as described below:TFCTVCTCACMCTRMRProfit3Graph TR and TC for the firm16.3.8.111521308.429601085(a) Complete all the cost columns.(b) Assume price = $5. Complete the rest of the table.(c) Graph TR and TC on the graph up and to the right.(d) For the market graph below on the right, label demand, supply and the prevailing market price. Label theequilibrium market quantity with q*.(e) For the firm graph below to the left, label the axis. PLOT USING THE DATA IN THE TABLE the demand curve thefirm faces, the marginal revenue curve, the average cost curve, the marginal cost curve, and the equilibrium price,quantity. Show the profit. Do all the plots give you the same answer?00

Equilibrium price and quantity in a market in a perfectly competitive market is determined by the…

(d) For the market graph below on the right, label demand, supply and the prevailing market price. Label the equilibrium market quantity with q*. (e) For the firm graph below to the left, label the axis. PLOT USING THE DATA IN THE TABLE the demand curve the firm faces, the marginal revenue curve, the average cost curve, the marginal cost curve, and the equilibrium price, quantity. Show the profit. Do all the plots give you the same answer? Graph the market Graph the firm

(d) For the market graph below on the right, label demand, supply and the prevailing market price. Label the equilibrium market quantity with q*. (e) For the firm graph below to the left, label the axis. PLOT USING THE DATA IN THE TABLE the demand curve the firm faces, the marginal revenue curve, the average cost curve, the marginal cost curve, and the equilibrium price, quantity. Show the profit. Do all the plots give you the same answer? Graph the market Graph the firm

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter1A: Appendix: Working With Graphs

Section: Chapter Questions

Problem 1E

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