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
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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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)
Marginal
Cost ($)
Price per
Total
Total
Total
Output
Book (S) Costs ($)
Revenue ($)
Profit (S)
5.75
4.00
1
5.50
7.25
5 25
9.50
3
5.00
11.60
4
4.75
14.10
4.50
17.60
6.
4.25
21.75
7
4.00
26.50
OOOON O
OOOOD O
OOODD OOD
Transcribed Image Text:The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store's total revenue, total profit, marginal revenue, and marginal cost at each level of output, beginning with the first unit (Enter all values rounded to the nearest penny.) Marginal Revenue (S) Marginal Cost ($) Price per Total Total Total Output Book (S) Costs ($) Revenue ($) Profit (S) 5.75 4.00 1 5.50 7.25 5 25 9.50 3 5.00 11.60 4 4.75 14.10 4.50 17.60 6. 4.25 21.75 7 4.00 26.50 OOOON O OOOOD O OOODD OOD
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