Price Customers Total Total Cost Marginal Revenue Marginal Cost ATC (000) Revenue ($000) ($000) ($000) ($000) ($000) $200 10 $1800 190 20 3200 180 30 4300 170 40 5350 160 50 6450 150 60 7750 140 70 9350 1. Draw a graph showing D, MR, ATC, MC, and P. Shade in the area of profit.

Price Customers Total Total Cost Marginal Revenue Marginal Cost ATC (000) Revenue ($000) ($000) ($000) ($000) ($000) $200 10 $1800 190 20 3200 180 30 4300 170 40 5350 160 50 6450 150 60 7750 140 70 9350 1. Draw a graph showing D, MR, ATC, MC, and P. Shade in the area of profit.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Marginal
Cost
Price
Customers
Total
Marginal
Total Cost
ATC
(000)
Revenue
Revenue
($000)
($000)
($000)
($000)
($000)
$200
10
$1800
190
20
3200
180
30
4300
170
40
5350
160
50
6450
150
60
7750
140
70
9350
1. Draw a graph showing D, MR, ATC, MC, and P. Shade in the area of profit.

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