Economics Homework Seven Answers - Student Ten

1. 1.Many buyers and sellers.

 2.Goods that are perfect substitutes for each other.
 3.Perfect knowledge in the market. 
 4.Perfect mobility of resources.

2. I believe that it is the will to win that motivates us. You cannot win without motivation so with commutation people tend to do their best.

3. I will be absent< I dont really have any questions

4. There ane many examples in the bible of good drawing out bad, but always with gods help.

5. Total cost is all the costs added together, average cost is total cost over the amount of units made and marginal cost is the cost to make one more unit.

6. CS=$5,850

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