Quantity Total Revenue Total Cost Marginal Revenue Marginal Cost $80 $50 2 S160 $102 3 $240 $157 4 $320 $217 5 $400 $285 6 $480 $365 Based on the information given in the table calculate: a. The marginal revenue of all possible level of quantity b. The marginal cost of all possible level of quantity C. Profit maximizing quantity for this firm

Quantity Total Revenue Total Cost Marginal Revenue Marginal Cost $80 $50 2 S160 $102 3 $240 $157 4 $320 $217 5 $400 $285 6 $480 $365 Based on the information given in the table calculate: a. The marginal revenue of all possible level of quantity b. The marginal cost of all possible level of quantity C. Profit maximizing quantity for this firm

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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