Refer to the figure and table to answer three questions. Price or Cost(dollars per bushel) 18 16 14 Price Marginal reven

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Refer To The Figure And Table To Answer Three Questions Price Or Cost Dollars Per Bushel 18 16 14 Price Marginal Reven 1 (31.98 KiB) Viewed 60 times

Refer To The Figure And Table To Answer Three Questions Price Or Cost Dollars Per Bushel 18 16 14 Price Marginal Reven 2 (22.55 KiB) Viewed 60 times

Refer to the figure and table to answer three questions. Price or Cost(dollars per bushel) 18 16 14 Price Marginal revenue 12 10 8 6 4 2 0 1 2 3 4 Marginal cost 5 6 Quantity (bushels of fish per day) 7

Number of Bushels per Day 0 1 2 3 4 5 Price $13 13 13 13 13. 13 Total Revenue $0 13 26 39 52 65 c. Total profit or loss. bushel(s) b. Profit or loss per bushel. per bushel Total Total Marginal Marginal Profit Revenue Cost Cost $10 15 ១៦១៨ 22 31 44 61 $-10 -2 4 8 8 4 - $13 13 13 3 13 13 $5 7 9 If the price of catfish changed from $13 to $11 per bushel, determine the Instructions: In parts a and c, enter your responses as a whole number. In part b, round your response to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. Profit-maximizing output. 13 17