Given the information, what is the minimum amount of revenue Malcolm\'s bakery m

Question

Given the information, what is the minimum amount of revenue Malcolm's bakery must earn for Malcolm to stay in business? Use the following graph of a firm's marginal cost curve to answer this question. For what range of output is marginal cost decreasing as output increases? For what range of output is marginal cost constant as output increases? For what range of output is marginal cost increasing as output increases? What distance measures the marginal cost of producing Q_2? What distance measures the marginal cost of producing Q_6?

Explanation / Answer

a) For ranges q1, q2 and q3 , Marginal cost was decreasing and output was increasing.

you can clearly see the graph where you see a slope that is showing the MC curve where it is going down

B) From Q3 to Q4 marginal cost remains same but output increase

C) Q5 and Q6 you can see the cost increase and production also increase

D) Q1 to Q2

E) Q5 to Q6

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