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Tidy Tidy
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9 years ago
Assuming a market price of $4, fill in the columns in the following table. What is the profit-maximizing level of production? What are the two ways to determine the profit-maximizing level of production?

Quantity   Total Revenue (TR)   Total Cost (TC)   

Profit   Marginal Revenue (MR)   
Marginal Cost (MC)
       0             3         
       1             5         
       2             6         
       3             9         
       4           14         
       5           20         
       6           28         
       7           40
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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SmooothSmoooth
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#2
9 years ago
My pleasure Happy Dummy
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#3
4 years ago
Thanks
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