QUESTION 9 Look at the chart for problem #2 based on perfect competition. The total revenue of the 40th unit is equal to $ 800 QUESTION 10 Look at the chart for problerd #2 based on perfect competition. The marginal cost of the 20th unit is equal to $ 169

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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QUESTION 9
Look at the chart for problem #2 based on perfect competition. The total revenue of the 40th unit is equal to $
800
QUESTION 10
Look at the chart for problerd #2 based on perfect competition. The marginal cost of the 20th unit is equal to $
169
QUESTION 11
Look at the chart for problem #2 based on perfect competition. The profit maximizing price is equal to $
QUESTION 12
Look at the chart for problem #2 based on perfect competition. The profit maximizing quantity is equal to
units.
Transcribed Image Text:QUESTION 9 Look at the chart for problem #2 based on perfect competition. The total revenue of the 40th unit is equal to $ 800 QUESTION 10 Look at the chart for problerd #2 based on perfect competition. The marginal cost of the 20th unit is equal to $ 169 QUESTION 11 Look at the chart for problem #2 based on perfect competition. The profit maximizing price is equal to $ QUESTION 12 Look at the chart for problem #2 based on perfect competition. The profit maximizing quantity is equal to units.
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Transcribed Image Text:Lab Cap TP ital MP AP TFC TVC TC AFC AVC ATC MC or 8 100 0 100 1 8.40 40 40 100 50 150 2.5 1.25 3.75 1.25 8 100 60 50 100 100 200 1 1 2 0.83 3 8 150 50 50 100 150 250 0.67 1 1.67 1 4 8 180 30 45 100 200 300 0.55 1.11 1.67 1.67 8 200 20 40 100 250 350 0.5 1.25 1.75 2.5 2.
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