Complete the table below and graph the AR, MR, MC, and AC Q price TR AR MR TC MC Profit 0 30 0 0 0 70 70 -70 5 27 135 27 27 135 65 0 10 24 240 24 21 197 62 43 15 21 315 21 15 252 55 63 20 18 360 18 9 300 48 60 25 15 375 15 3 345 45 30 30 12 360 12 -3 383 38 -23 35 9 315 9 -9 428 45 -113 40 6 240 6 -15 478 50 -238 45 3 135 3 -21 533 55 -398 50 0 0 0 -27 593 60 -593 Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Complete the table below and graph the AR, MR, MC, and AC

Q

price

TR

AR

MR

TC

MC

Profit

0

30

0

0

0

70

70

-70

5

27

135

27

27

135

65

0

10

24

240

24

21

197

62

43

15

21

315

21

15

252

55

63

20

18

360

18

9

300

48

60

25

15

375

15

3

345

45

30

30

12

360

12

-3

383

38

-23

35

9

315

9

-9

428

45

-113

40

6

240

6

-15

478

50

-238

45

3

135

3

-21

533

55

-398

50

0

0

0

-27

593

60

-593

Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit

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