Output Total Revenue ($) Total Variable Cost ($) Total Fixed Costs 1 1,000 750 500 2 2,000 1,250 500 3 3,000 2,000 500 4 4,000 3,000 500 5 5,000 4,500 500 What is the slope of the total revenue curve? At about how many computers per day do economic profits seem to be at a maximum? Graph the economic model of this firm.
Output Total Revenue ($) Total Variable Cost ($) Total Fixed Costs 1 1,000 750 500 2 2,000 1,250 500 3 3,000 2,000 500 4 4,000 3,000 500 5 5,000 4,500 500 What is the slope of the total revenue curve? At about how many computers per day do economic profits seem to be at a maximum? Graph the economic model of this firm.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
Output |
Total Revenue ($) |
Total Variable Cost ($) |
Total Fixed Costs |
|
1 |
1,000 |
750 |
500 |
|
2 |
2,000 |
1,250 |
500 |
|
3 |
3,000 |
2,000 |
500 |
|
4 |
4,000 |
3,000 |
500 |
|
5 |
5,000 |
4,500 |
500 |
- What is the slope of the total revenue curve?
- At about how many computers per day do economic profits seem to be at a maximum?
- Graph the economic model of this firm.
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