1. Define A) Variable Cost B) Fixed Cost With Diagram. 2. Explain The Features Of Monopsony And Duopoly Market Structure. 3. Illustrate The Concept Of Consumer And Producer Surplus. 4.Jenkins Ltd Manufactures Remote Control Cars Which Sell For $500 Each.

匿名用户最后更新于 2021-11-29 14:46 经济Economics

1. Define a) variable cost b) Fixed cost with diagram.

2. Explain the features of monopsony and duopoly marketstructure.

3. Illustrate the concept of consumer and producer surplus.

4.Jenkins Ltd manufactures remote control cars which sell for$500 each. The fixed cost is $70000 and the variable cost per unitis $300. Jenkins sold 200 units of the car. Find the total cost andtotal revenue for Jenkins Ltd.

5. Mention the features of a Monopoly market structure andexplain why does a monopolist performs inefficiently in themarket?

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1. Define A) Variable Cost B) Fixed Cost With Diagram. 2. Explain The Features Of Monopsony And Duopoly Market Structure. 3. Illustrate The Concept Of Consumer And Producer Surplus. 4.Jenkins Ltd Manufactures Remote Control Cars Which Sell For $500 Each.

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