Solve for the following questions:a. what is the marginal revenue when the firm increases output from 4 to 5?b. what is the marginal revenue when the firm increases the output from 5 to 6?c. what is the marginal cost when the firm increases the output from 4 to 5? 1Quantity Price Revenue Revenue0 10.5010.009.5023+567004The Amblathan-Plus89.008.508.007.50NumbersTotal Marginal Total MarginalCostCost7.006.5096.00105.5011 5.0012 4.5001019273440454952545555541017222629.533374249597392117Profit-10-7-314.57873-5-18-37-63

When a company sells a specific amount of its output, it generates revenue, which is its income. The…

Answered: Solve for the following questions: a.…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Solve for the following questions: a. what is the marginal revenue when the firm increases output from 4 to 5? b. what is the marginal revenue when the firm increases the output from 5 to 6? c. what is the marginal cost when the firm increases the output from 4 to 5?

1
Quantity Price Revenue Revenue
0 10.50
10.00
9.50
23+56700
4
The Amblathan-Plus
8
9.00
8.50
8.00
7.50
Numbers
Total Marginal Total Marginal
Cost
Cost
7.00
6.50
9
6.00
10
5.50
11 5.00
12 4.50
0
10
19
27
34
40
45
49
52
54
55
55
54
10
17
22
26
29.5
33
37
42
49
59
73
92
117
Profit
-10
-7
-3
1
4.5
7
8
7
3
-5
-18
-37
-63

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