Microeconomics Task brief & rubrics · Individual task. · Format: Document with answers: PDF Formalities: · Answers must be typed out. Images of handwritten documents will not be accepted. · Font: Arial 12,5 pts. · Text alignment: Justified.Submission: · Due 10:30 · Weight:This task is a 30% of your total grade for this subject. Description and information of the task: You have to answer the questions of the exam. All the information is contained in the text;thus,you do not need to make any hypothesis. 1) In ourmarket we have made the following observations: Price Q demand Q supply 85 3,045 2,662.20 80 3,360 2,537.20 Calculate: a) Equilibrium point: price and quantity of equilibrium b) Price Elasticity of the Demand and Price Elasticity of the Supplyin the given interval. Use the midpoint method. c) Consumer Surplus 2) Complete the following table with the right figures. Q Variable cost Fix cost Total cost Average Variable cost Average fix cost Average total cost Marginal cost 0
ONLINE WRITING SERVICE