Refer to the figure and table to answer three questions. Price or Cost(dollars per bushel) 18 16 14 Price Marginal reven
Posted: Fri Jul 01, 2022 8:19 am
- 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 61 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 61 times
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