Question2: Complete the following table. Y P(S) TR ($) TC ($) Price Total Total Output Cost 1 30 2 45 3 55 4 61 5 66 6 73 81 96 7 8 33 31 SE33 29 27 22 25 23 21 19 Revenue MR (S) Marginal Revenue ATC (S) MC (S) Average Total Marginal Cost Cost

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question2: Complete the following table.
P ($) TR ($)
Price Total
Y
Output
1
2
3
4
5
6
7
8
33
31
29
27
25
23
21
19
Revenue
MR (S)
Marginal
Revenue
TC ($) ATC ($)
Total
Cost
30
45
55
61
66
73
81
96
Average Total
Cost
MC ($)
Marginal
Cost
Transcribed Image Text:Question2: Complete the following table. P ($) TR ($) Price Total Y Output 1 2 3 4 5 6 7 8 33 31 29 27 25 23 21 19 Revenue MR (S) Marginal Revenue TC ($) ATC ($) Total Cost 30 45 55 61 66 73 81 96 Average Total Cost MC ($) Marginal Cost
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