shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural monopoly firm. Calculate the price that corresponds to the profit-maximizing quantity of goods. Round your answer to two decimal places if necessary. Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost 11 $105.00$105.00 $105.00$105.00 $100.00$100.00 22 $189.00$189.00 $84.00$84.00 $162.00$162.00 $62.00$62.00 33 $247.50$247.50 $58.50$58.50 $220.50$220.50 $58.50$58.50 44 $282.00$282.00 $34.50$34.50 $265.00$265.00 $44.50$44.50 55 $300.50$300.50 $18.50$18.50 $305.00$305.00 $40.00$40.00 66 $300.00$300.00 −$0.50−$0.50 $339.00
shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural monopoly firm. Calculate the price that corresponds to the profit-maximizing quantity of goods. Round your answer to two decimal places if necessary. Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost 11 $105.00$105.00 $105.00$105.00 $100.00$100.00 22 $189.00$189.00 $84.00$84.00 $162.00$162.00 $62.00$62.00 33 $247.50$247.50 $58.50$58.50 $220.50$220.50 $58.50$58.50 44 $282.00$282.00 $34.50$34.50 $265.00$265.00 $44.50$44.50 55 $300.50$300.50 $18.50$18.50 $305.00$305.00 $40.00$40.00 66 $300.00$300.00 −$0.50−$0.50 $339.00
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The table below shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural
| Quantity | Total Revenue | Marginal Revenue | Total Cost | Marginal Cost |
|---|---|---|---|---|
| 11 | $105.00$105.00 | $105.00$105.00 | $100.00$100.00 | |
| 22 | $189.00$189.00 | $84.00$84.00 | $162.00$162.00 | $62.00$62.00 |
| 33 | $247.50$247.50 | $58.50$58.50 | $220.50$220.50 | $58.50$58.50 |
| 44 | $282.00$282.00 | $34.50$34.50 | $265.00$265.00 | $44.50$44.50 |
| 55 | $300.50$300.50 | $18.50$18.50 | $305.00$305.00 | $40.00$40.00 |
| 66 | $300.00$300.00 | −$0.50−$0.50 | $339.00$339.00 | $34.00$34.00 |
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