Answered: TFC TVC TC MC TR MR PROFIT/LOSS 400 100…

TFC TVC TC MC TR MR PROFIT/LOSS 400 100 400 50 200 400 100 300 400 130 400 400 180 500 400 220 600 400 350 700 400 450 800 400 600

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter9: Applications Of Cost Theory

Section: Chapter Questions

Problem 1.3CE

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Question

B. suppose that the steel firms costs are shown below. Fill the table.
Q
TFC
TVC
TC
MC
TR
MR
PROFIT/LOSS
400
100
400
50
200
400
100
300
400
130
400
400
180
500
400
220
600
400
350
700
400
450
400
800
price of steel is P150/unit
600

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