#theory of consumer., Microeconomics

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Perfect competition, demand: Qd=100=Px supply: MC=10+1/2Qs assume first th...

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Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co

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