Cost and revenue schedule: Please show your calculation for full credit. Output Price TR MR TC ATC MC Profit 0 $10 $5 1 $10 $7 2 $10 $8 3 $10 $10 4 410 $17 5 $10 $ 28 Please fill up this schedule. From the given information, draw the demand curve, MR, MC and ATC curve and figure out the output at which firm maximizes its total profit.
- Cost and revenue schedule: Please show your calculation for full credit.
Output
0 $10 $5
1 $10 $7
2 $10 $8
3 $10 $10
4 410 $17
5 $10 $ 28
Please fill up this schedule. From the given information, draw the demand curve, MR, MC and ATC curve and figure out the output at which firm maximizes its total profit.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 1 images
