Tag: Intermediate Microeconomic Theory

  Please make sure that your problem set is legible and stapled. Please write your name and section number on your problem set. On your graphs, please label axes, curves, intercepts, and all points relevant to the question. Explain your…

Intermediate Microeconomic Theory   1. (25 points) Vance refrigeration has a monopoly on the market for refrigerators in Scranton. It has two different plants it can choose to produce from: MC1 = 20 + 3q1 MC2 = 10 + 6q2…