Economics Homework Seven Answers - Student Ten
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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 with out motivation so with compotation people tend to do there best.
3. I will be absent
4. 1 Corinthians 15:33 Do not be misled: "Bad company corrupts good character."
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