What is the equilibrium cost and equilibrium supply

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Q1. Some restaurants offer all you can eat meals. How is this practice related to diminishing marginal utility? What restrictions must the restaurant impose on the customer in order to make a profit?

Q2. Which economist is most closely associated with the concept of absolute advantage? As well as comparative advantage?

Q3. qd=60-2p as well as qs-3p use the information provided to answer the ff questions calculate the quantity demanded as well as supply at the ff cost 10,000, 15,000, 30,000, 25,000,present answer in the above supply schedule. What is the equilibrium cost as well as equilibrium supply?

Reference no: EM137584

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