Quantity Total cost Total Profit ($) MR MC ($) Revenue ($) 0 20 -15 1 25 -10 2 30 -5 3 35 20 456 4 40 30 50 10 60 -10

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter3: Your Role As A Consumer
Section3.3: Consumerism
Problem 5R
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Use the table above to answer the following questions:
1. Fill in the table (TR, MR & MC). Show workings

Quantity
Total cost
Total
Profit ($)
MR
MC
($)
Revenue ($)
0
20
-15
1
25
-10
2
30
-5
3
35
20
456
4
40
30
50
10
60
-10
Transcribed Image Text:Quantity Total cost Total Profit ($) MR MC ($) Revenue ($) 0 20 -15 1 25 -10 2 30 -5 3 35 20 456 4 40 30 50 10 60 -10
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