Answer Happy

Price Quantity $5 10 $ $5 15 $5 20 $ $5 25 $5 30 Given the information in the table shown, when 25 units are produced, what is the marginal revenue? what is average revenue? what is the total revenue? MR - 5. AR-5, TR 125 OMR = 5, AR-125, TR - 125 OMR = 5, AR = 5, TR = 5 OMR = 125, AR-5, TR-5
The long-run average total cost curve will rise if diminishing returns are encountered O is based on the assumption that all resources are variable O will rise if economies of scale are incurred O will fall if diminishing returns are encountered
A flood causes most wheat crops to fail, decreasing the amount of available wheat. The bread market would see: an increase in the supply of bread. O a decrease in the quantity supplied of bread. O a decrease in the supply of bread. an increase in the quantity supplied of bread