Referring to the graph below, complete the sentence by choosing the correct response from the drop-down list. Dollars 1 2 3 4 56 Quantity At a quantity of 2, the marginal revenue is

What is the cost revenue? Explain with example?

A Exercise (Structured Questions) G bought goods on credit from lab x deby TUZMJK4/a/MJM4NDI3MTA5M)YY/details cost, average fixed cost, long marginal revenue is Open with Google Docs fit. run average cost, total 3. Given information in the following table: Quantity Price (RM) Total Cost 60 18 58 20 3. 54 24 48 30 5 40 38 28 50 14 70 b. Determine the quantity produced by the firm c. How much does the firm earn in terms of profit" d. What is the average cost of the firm? e Sketch the AC, AR, MR and MC curve without a seale.

How do you calculate the revenue of a firm that produces only one good?