Continue with the table and complete the calculation for Marginal Cost: Round to the table standard. Q3 Table Bags/ Participants Fixed Cost Variable Cost Total Cost Average Variable Cost Marginal Cost Total Revenue wt Price $20 Marginal Revenue Total Profit 0 1700 0 1700 0 -1700 100 1700 500 2200 a 2000 20 -200 200 1700 1200 2900 b 4000 20 1100 300 1700 2700 4400 c 6000 20 1600 400 1700 5200 6900 d 8000 20 1100 500 1700 9000 10700 e 10000 20 -700 600 1700 15000 16700 f 12000 20 -4700 700 1700 23800 25500 g 14000 20 -11500 800 1700 36800 38500 h 16000 20 -22500 900 1700 55800 57500 i 18000 20 -39500 1000 1700 83000 84700 j 20000 20 -64700

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Continue with the table and complete the calculation for Marginal Cost:

Round to the table standard. 

Q3 Table

Bags/ Participants Fixed Cost Variable Cost Total Cost Average Variable Cost Marginal Cost Total Revenue wt Price $20 Marginal Revenue Total Profit
0 1700 0 1700     0   -1700
100 1700 500 2200 a   2000 20 -200
200 1700 1200 2900 b   4000 20 1100
300 1700 2700 4400 c   6000 20 1600
400 1700 5200 6900 d   8000 20 1100
500 1700 9000 10700 e   10000 20 -700
600 1700 15000 16700 f   12000 20 -4700
700 1700 23800 25500 g   14000 20 -11500
800 1700 36800 38500 h   16000 20 -22500
900 1700 55800 57500 i   18000 20 -39500
1000 1700 83000 84700 j   20000 20 -64700

 

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