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tions: Enter your answers as a whole number. Electronics Flash Drive Production Revenues ity (8GB drives) TR (dollars) MR (dollars) AR (dollars) 10 25 40 55 70 85

tions: Enter your answers as a whole number. Electronics Flash Drive Production Revenues ity (8GB drives) TR (dollars) MR (dollars) AR (dollars) 10 25 40 55 70 85

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Pete's Electronics is a small company that produces 8 gigabyte flash drives in a perfectly competitive market. The market price for 8 gigabyte flash drives is $10 each. Complete the table below with the total revenue (TR), marginal revenue (MR), and average revenue (AR) for Pete's Electronics. Instructions: Enter your answers as a whole number. Pete's Electronics Flash Drive Production Revenues Quantity (8GB flash drives) TR (dollars) MR (dollars) AR (dollars) 10 $ 25 40 55 70 85
Transcribed Image Text:Pete's Electronics is a small company that produces 8 gigabyte flash drives in a perfectly competitive market. The market price for 8 gigabyte flash drives is $10 each. Complete the table below with the total revenue (TR), marginal revenue (MR), and average revenue (AR) for Pete's Electronics. Instructions: Enter your answers as a whole number. Pete's Electronics Flash Drive Production Revenues Quantity (8GB flash drives) TR (dollars) MR (dollars) AR (dollars) 10 $ 25 40 55 70 85
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