es The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies. The market price of apple pies is $6.00 per pie. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Instructions: Round your answers to two decimal places. Baker Street's Costs and Revenues MR (dollars) $ Quantity (apple pies) 10 15 20 25 30 35 TC (dollars) MC (dollars) $55.00 $3.00 67.50 2.50 82.50 3.00 102.50 4.00 6.00 8.00 132.50 172.50 AR (dollars) $ Instructions: Enter your answers as a whole number. b. At the market price of $6.00 per apple ple, how many apple pies should Baker Street make?
es The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies. The market price of apple pies is $6.00 per pie. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Instructions: Round your answers to two decimal places. Baker Street's Costs and Revenues MR (dollars) $ Quantity (apple pies) 10 15 20 25 30 35 TC (dollars) MC (dollars) $55.00 $3.00 67.50 2.50 82.50 3.00 102.50 4.00 6.00 8.00 132.50 172.50 AR (dollars) $ Instructions: Enter your answers as a whole number. b. At the market price of $6.00 per apple ple, how many apple pies should Baker Street make?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![ok
nces
The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different
quantities of apple pies. The market price of apple pies is $6.00 per pie.
a. Fill in the marginal revenue (MR) and average revenue (AR) columns.
Instructions: Round your answers to two decimal places.
Baker Street's Costs and Revenues
MR
(dollars)
$
Quantity
(apple pies)
10
15
20
25
30
35
TC (dollars) MC (dollars)
$55.00
$3.00
67.50
2.50
3.00
4.0
6.00
8.00
82.50
102.50
132.50
172.50
AR
(dollars)
$
Instructions: Enter your answers as a whole number.
b. At the market price of $6.00 per apple pie, how many apple pies should Baker Street make?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1dad50b2-f7fb-4d6d-84a3-1c38c8704b3a%2F2bfbb8ac-dd57-42b7-bc90-04b66da2238a%2Fqhbobxf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ok
nces
The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different
quantities of apple pies. The market price of apple pies is $6.00 per pie.
a. Fill in the marginal revenue (MR) and average revenue (AR) columns.
Instructions: Round your answers to two decimal places.
Baker Street's Costs and Revenues
MR
(dollars)
$
Quantity
(apple pies)
10
15
20
25
30
35
TC (dollars) MC (dollars)
$55.00
$3.00
67.50
2.50
3.00
4.0
6.00
8.00
82.50
102.50
132.50
172.50
AR
(dollars)
$
Instructions: Enter your answers as a whole number.
b. At the market price of $6.00 per apple pie, how many apple pies should Baker Street make?
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