Marginal and average revenue along with quantity of output
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$ Price quantity
100 1
95 2
88 3
80 4
70 5
55 6
40 7
22 8
a. Compute marginal and average revenue.
b. Suppose the marginal cost of producing the good is a constant $10 per unit of output. What quantity of output will the firm produce?
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Price Quantity Total Revenue Marginal Revenue Average Revenue Total Cost Net Profit
$100.00 1 $100.00 ...
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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