Answer the following questions based on the tables below.

buyer willingness to pay for one unit

a $35 b $33 c $27 d $22 e $21 f $13 g $13 h $12 i $6

seller willingness to sell one unit

a $4 b $9 c $12 d $14 e $15 f $21 g $23 h $30 i $51

Instructions: enter your answers as whole numbers.

a. the quantity demanded at a price of $10 is the quantity supplied at a price of $10 is.

b. the quantity demanded at a price of $25 is the quantity supplied at a price $25 is.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $