a. Calculate MC and MR.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Exercise (Structured Questions)
x G bought goods on credit from lab x
rtleby
ATUZMJK4/a/MJM4NDI3MTA5MJYY/details
Grlninal cost, average fixed cost, long
marginal revenue is RA Coloulettha na
fit.
run average cost, total= Open with Google Docs
3. Given information in the following table:
Quantity
Price (RM)
Total Cost
1
60
18
58
20
54
24
4.
48
30
40
38
6.
28
50
14
70
a. Calculate MC and MR.
b. Determine the quantity produced by the firm
How much does the firm earn in terms of profit?
C.
d. What is the average cost of the firm?
Sketch the AC, AR, MR and MC curve without a scale.
e.
23
Transcribed Image Text:Exercise (Structured Questions) x G bought goods on credit from lab x rtleby ATUZMJK4/a/MJM4NDI3MTA5MJYY/details Grlninal cost, average fixed cost, long marginal revenue is RA Coloulettha na fit. run average cost, total= Open with Google Docs 3. Given information in the following table: Quantity Price (RM) Total Cost 1 60 18 58 20 54 24 4. 48 30 40 38 6. 28 50 14 70 a. Calculate MC and MR. b. Determine the quantity produced by the firm How much does the firm earn in terms of profit? C. d. What is the average cost of the firm? Sketch the AC, AR, MR and MC curve without a scale. e. 23
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