Quantity ofUtensils demanded RevenuePrice ofTotalMarginalUtensilRevenue$50100$45200$40300$35400|$30500$25600$20700$15800$10900

The sum of money that a firm earns without deducting the expenses is called revenue.

Answered: Price of Quantity of Total Marginal…

Price of Quantity of Total Marginal Utensil Utensils demanded Revenue Revenue $50 100 $45 200 $40 300 $35 400 $30 500 $25 600 $20 700 $15 800 $10 900 %24 %24

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

Quantity of
Utensils demanded Revenue
Price of
Total
Marginal
Utensil
Revenue
$50
100
$45
200
$40
300
$35
400
|$30
500
$25
600
$20
700
$15
800
$10
900

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