Apply What You Ve Learned There Are Four Gas Stations In A Small Isolated Town The Market Demand For Gasoline Is Given 1 (37.5 KiB) Viewed 15 times
Apply What You Ve Learned There Are Four Gas Stations In A Small Isolated Town The Market Demand For Gasoline Is Given 2 (24.99 KiB) Viewed 15 times
Apply What You Ve Learned There Are Four Gas Stations In A Small Isolated Town The Market Demand For Gasoline Is Given 3 (24.13 KiB) Viewed 15 times
Apply what you've learned There are four gas stations in a small isolated town. The market demand for gasoline is given by the following equation P= 6-0.5xQ where is the quantity of gas in thousands of gallons and Pis the price of gas in dollars per gallon. Each station can supply any quantity of gasoline at a constant marginal cost of $2 per gallon. There are no fixed costs and no taxes All gas stations sell the same regular gas and the differences in location service, ete. don't matter to consumers.
миру bushur Questions How Filin the Bank XX our station of events the match station will X 4000 4 Boots X 10000 conomic proof Add 1 m
Type your answers in all of the blanks and submit X X 12- Suppose one of the gas stations cheats and sells 1.000 gallons of us more than its quota set by the preement. The price of gas will be $ 3.50 ✓ per gallon the cheater's profit will be You are correct х 17500 and the profit of a station that adheres to the agreement will be D You are con 14000 you incorrect
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