The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store's total revenue, total profit, marginal revenue, and marginal cost at each level of output, beginning with the first unit (Enter all values rounded to the nearest penny:) Marginal Revenue (S) Price per Total Total Total Book (S) Costs (5) Marginal Cost (S) Output Revenue (S) Profit (S) 5.75 4.00 1 5.50 7.25 2 5.25 9.50 3 5.00 11.60 4.75 14.10 5 4.50 17.60 6 4.25 21.75 4.00 26.50 ONNN NND OODD

The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store's total revenue, total profit, marginal revenue, and marginal cost at each level of output, beginning with the first unit (Enter all values rounded to the nearest penny:) Marginal Revenue (S) Price per Total Total Total Book (S) Costs (5) Marginal Cost (S) Output Revenue (S) Profit (S) 5.75 4.00 1 5.50 7.25 2 5.25 9.50 3 5.00 11.60 4.75 14.10 5 4.50 17.60 6 4.25 21.75 4.00 26.50 ONNN NND OODD

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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