
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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i need help with this microeconmics question 4

Transcribed Image Text:Suppose that Manuel and Poornima are the only consumers of shoes in a particular market. The following table shows their annual demand schedules
Manuel's Quantity Demanded Poornima's Quantity Demanded
Price
(Dollars per pair)
(Pairs)
(Pairs)
10
32
56
20
20
40
30
12
24
40
12
50
4
On the following graph, plot Manuel's demand for shoes using the green points (triangle symbol). Next, plot Poornima's demand for shoes using the
purple points (diamond symbol). Finally, plot the market demand for shoes using the blue points (circle symbol).
Note: Line segments will automatically connect the points. Remember to plot from left to right.
80
50
Manuel's Demand
40
Poomima's Demand
30
Market Demand
10
18
32
48
04
80
QUANTITY (Pairs)
PRICE (Dollars per pair)
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- Safari File Edit View History Bookmarks Window Help Sat Oct 30 2:29 PM ng.cengage.com + 88 Concordia-Chicago | Concordia Univer... Home - cuchicago.edu Bb Course Content – Foundations of Econ... X MindTap - Cengage Learning b My Questions | bartleby Maria v « CENGAGE MINDTAP Q Search this course A My Home Refresh Your Math & Graphing Skills Courses The graph below plots the firm's total revenue curve: that is, the relationship between quantity and total revenue given by the two right columns in the table above. The five choices are also labeled. Finally, two black lines are shown; these lines are tangent to the green curve at points B and D. Catalog and Study Tools A-Z Rental Options College Success Tips Career Success Tips 90 RECOMMENDED FOR YOU 81 72 63 54 D Communicating with Your bongo Instructor 45 36 ? Help 27 Give Feedback 18 A 100 200 300 400 500 600 700 800 QUANTITY (Dishwashers per year) ОСТ 30 étv 280 W TOTAL REVENUE (Thousands of dollars per year) 圖arrow_forwardCan I have help with the solution ?arrow_forwardUse the PPF to answer the following question: 1. Can we determine if Point F is allocatively efficient?arrow_forward
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