CONSUMER\'S EQUILIBRIUM (SINGLE COMMODITY CASE)

CONSUMER\'S EQUILIBRIUM (TWO COMMODITY CASE)

CONSUMER\'S EQUILIBRIUM BY INDIFFERENCE CURVE ANALYSIS

Utility|One commodity case|Two Commodity case (Law of Equi-Marginal Utility)

Utility|One commodity case|Two Commodity case (Law of Equi-Marginal Utility)

Utility|One commodity case|Two Commodity case (Law of Equi-Marginal Utility)

Utility|One commodity case|Two Commodity case (Law of Equi-Marginal Utility)

The market demand curve for commodity and the total cost for a monopoly firm producing the commodity is given by the schedule below: Use the information to calculate the following: (a) The MR and MC schedules, The quantities for which the MR and MC are equal, (c) The equilibrium quantity of output and the equilibirum price of the commodity, (d) The total revenue, total cost and total profit in equilibrium.