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hmf co
For part a) of this question, how to spot what is uncertain and what is a choice.
At the back of the book, variable cost has been shown vertically and price has been shown horizontally. Is it correct to show price vertically and variable cost horizontally.
At the back of the book, variable cost and price have been shown, but what I did was to show demand horizontally instead of variable cost and price vertically. So is it correct.
Should all three of them i.e. demand, price and variable cost be shown and how to show them. If one of them is shown horizontally and the other one is shown vertically, what about the third one. How and where should it be shown
Have you actually watched my free lectures, because I explain in the lectures how to identify which is the choice and which is uncertain!
How you set up the table is irrelevant. It is the answer that matters!
You do not say where you are finding this question and so I have no idea where to look for it.
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