es The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies. The market price of apple pies is $6.00 per pie. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Instructions: Round your answers to two decimal places. Baker Street's Costs and Revenues MR (dollars) $ Quantity (apple pies) 10 15 20 25 30 35 TC (dollars) MC (dollars) $55.00 $3.00 67.50 2.50 82.50 3.00 102.50 4.00 6.00 8.00 132.50 172.50 AR (dollars) $ Instructions: Enter your answers as a whole number. b. At the market price of $6.00 per apple ple, how many apple pies should Baker Street make?

es The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies. The market price of apple pies is $6.00 per pie. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Instructions: Round your answers to two decimal places. Baker Street's Costs and Revenues MR (dollars) $ Quantity (apple pies) 10 15 20 25 30 35 TC (dollars) MC (dollars) $55.00 $3.00 67.50 2.50 82.50 3.00 102.50 4.00 6.00 8.00 132.50 172.50 AR (dollars) $ Instructions: Enter your answers as a whole number. b. At the market price of $6.00 per apple ple, how many apple pies should Baker Street make?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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