Question: Differentiate between how you compute AR , TR , & MR . p . 1 9 9 . Complete Review Questions 2 . p .

Differentiate between how you compute AR, TR, & MR. p.199.
Complete Review Questions 2. p.223.
Using the TR/TC approach determine what happens to profit if the price is $131,$81,&$71. p.199.
Using the MR/MC approach determine what happens to profit if the price is $131,$81,&$71.p.200
Draw the graph on p.207 & indicate, using the numbers provided, TR & TC at P5, P4, P3 & P2.
Complete Problems # 4 p.224 a thru f.
Draw the two graphs on p.211 & explain the market conditions at $50,$60 in the short run & the return to $50 in the long run.
Differentiate between productive & allocative efficiency graphically p.215.
Complete Discussion Questions #13 p.222.
Complete Problems #6 p.224.
Differentiate between how you compute AR , TR , &

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