2.exercise. Economic systems.

You need to choose 3 countries with dominating Traditional, Command and Free trade economy, and describe an economic systems in those countries (in what proportions there are traditional, command and free trade systems), and how its affect the demand and supply in those countires? Description for each country min 4-5 sentences.

3. exercise. Calculate the costs and answer the question:

Q	TC	ATC	FC	AFC	VC	AVC	MC
0	100						-
1	270
2	380
3	460
4	550				450
5	660
6							140
7	990

How much company can produce?

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