Q Price TR AR MR TC MC Profit 0 30       70     5 27       135     10 24       197     15 21       252     20 18       300     25 15       345     30 12       383     35 9       428     40 6       478     45 3       533     50 0       593     Requirements: 1. Complete the table above  2. Graph the table completed and graph 3. Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Related questions
Question

Q

Price

TR

AR

MR

TC

MC

Profit

0

30

 

 

 

70

 

 

5

27

 

 

 

135

 

 

10

24

 

 

 

197

 

 

15

21

 

 

 

252

 

 

20

18

 

 

 

300

 

 

25

15

 

 

 

345

 

 

30

12

 

 

 

383

 

 

35

9

 

 

 

428

 

 

40

6

 

 

 

478

 

 

45

3

 

 

 

533

 

 

50

0

 

 

 

593

 

 



Requirements:
1. Complete the table above 
2. Graph the table completed and graph
3. Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit.

 

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