1) Complete the table. Price Quantity Total Marginal Fixed Demanded Revenue Revenue Cost 18 600 17 700 16 800 15 900 14 1000 13 1100 12 1200 500 500 500 500 500 500 500 Variable Total Cost Cost 5210 5640 6135 6700 7335 8060 8900 Average Variable Marginal Cost Cost MR-MC Profit Percent Contribution Margin
1) Complete the table. Price Quantity Total Marginal Fixed Demanded Revenue Revenue Cost 18 600 17 700 16 800 15 900 14 1000 13 1100 12 1200 500 500 500 500 500 500 500 Variable Total Cost Cost 5210 5640 6135 6700 7335 8060 8900 Average Variable Marginal Cost Cost MR-MC Profit Percent Contribution Margin
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 20AA
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