The Problem wants me to fill in the missing data to the follow: Q-----P($)-----T
ID: 1247515 • Letter: T
Question
The Problem wants me to fill in the missing data to the follow:Q-----P($)-----TR=P*Q-----Marginal Revenue-----Total Cost-----Marginal Cost 0 160 0 -- 0 0 1 150 150 150 25 25 2 140 280 55 30 3 130 390 35 4 120 480 90 130 5 110 550 175 In this problem I am having a hard time solving for marginal revenue, total cost and marginal cost? The Problem wants me to fill in the missing data to the follow:
Q-----P($)-----TR=P*Q-----Marginal Revenue-----Total Cost-----Marginal Cost 0 160 0 -- 0 0 1 150 150 150 25 25 2 140 280 55 30 3 130 390 35 4 120 480 90 130 5 110 550 175 In this problem I am having a hard time solving for marginal revenue, total cost and marginal cost?
Explanation / Answer
Q------P($)-----TR = P*Q------- Marginal Revenue-----Total cost----Marginal cost 0 160 0 ----- 0 0 1 150 150 150 25 25 2 140 280 280-150=130 55 30 3 130 390 390-280=110 55+35=90 35 4 120 480 90 130 130-90=40 5 110 550 550-480=70 175 175-130=45
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