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BUSN 5260
Current Economic Analysis

Week 4: Personal Assignment
There are no Internet questions with this assignment. You will have to include graphs with this assignment. Remember graphs must be integrated into your Word or Excel file, course page submission, or sent as a fax. If you have questions, remember to post them to the General Questions area of the Discussion forum.









































Problems

Problem 1
The following is a demand schedule for shoes:

Price:         $100     $80     $60     $40     $20

Quantity:       10       14     18       22       26



-A-
Illustrate the demand curve.

|Price                               |Q D                                 |QS                                 |                                   |
|0                                   |$100                               |             _ _                   |               _ _                 |
|1                                   |$110                               |               10                   |               110                 |
|2                                   |$130                               |               20                   |                 65                 |
|3                                   |$165                               |               35                   |                 55                 |
|4                                   |$220                               |               55                   |                 55                 |
|5                                   |$300                               |               80                   |                 60                 |










Problem 6
On a graph, depict marginal cost and average total cost using the data from problem 5. Indicate minimum average total cost on the graph.



[pic]



                  MC is the Orange   and ATC is in Gray















Problem 7...

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