Cost and revenue schedule: Please show your calculation for full credit. Output Price TR MR TC ATC MC Profit 1 $300 $1000 2 $300 1500 3 $300 1800 4 $300 2000 5 $300 2300 6 $300 2850 7 $300 3710 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 Price TR MR TC
1 $300 $1000
2 $300 1500
3 $300 1800
4 $300 2000
5 $300 2300
6 $300 2850
7 $300 3710
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.
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