Total Output (Q) (Pounds) (1) 0 100 250 320 380 380 420 430 Price per Pound ($2.00) (2) $2.00 $2.00 $2.00 O Average Revenue = $1.00 O Average Revenue = $2.00 Average Revenue = $2.25 Average Revenue = $2.50 $2.00 $2.00 $2.00 $2.00 $2.00 Total Revenue (TR =P* Q) (3) $0.00 $125.00 $500 $640.00 $475.00 $760.00 $840.00 $860.00 4 Average Revenue (4)
Total Output (Q) (Pounds) (1) 0 100 250 320 380 380 420 430 Price per Pound ($2.00) (2) $2.00 $2.00 $2.00 O Average Revenue = $1.00 O Average Revenue = $2.00 Average Revenue = $2.25 Average Revenue = $2.50 $2.00 $2.00 $2.00 $2.00 $2.00 Total Revenue (TR =P* Q) (3) $0.00 $125.00 $500 $640.00 $475.00 $760.00 $840.00 $860.00 4 Average Revenue (4)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
E2
![Total Output (Q)
(Pounds) (1)
0
100
250
320
380
380
420
430
Price per Pound
($2.00) (2)
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
O Average Revenue = $1.00
Average Revenue = $2.00
O Average Revenue = $2.25
Average Revenue = $2.50
Total Revenue (TR=P* Average Revenue
Q) (3)
(4)
$0.00
$125.00
$500
$640.00
$475.00
$760.00
$840.00
$860.00
4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe8aa3ba6-71a3-412b-ba4a-2e63a1c6167a%2Fe8272f78-3c9a-4e67-93dc-917712e58ccc%2Fzgp1s3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Total Output (Q)
(Pounds) (1)
0
100
250
320
380
380
420
430
Price per Pound
($2.00) (2)
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
O Average Revenue = $1.00
Average Revenue = $2.00
O Average Revenue = $2.25
Average Revenue = $2.50
Total Revenue (TR=P* Average Revenue
Q) (3)
(4)
$0.00
$125.00
$500
$640.00
$475.00
$760.00
$840.00
$860.00
4
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