3 Refer To The Figure And Table To Answer Three Questions 10 1 2 3 4 Price Or Cost Dollars Per Bushel 15 18 16 14 Pr 1 (48.32 KiB) Viewed 10 times
3 Refer To The Figure And Table To Answer Three Questions 10 1 2 3 4 Price Or Cost Dollars Per Bushel 15 18 16 14 Pr 2 (49.5 KiB) Viewed 10 times
3- Refer to the figure and table to answer three questions. 10 1 2 3 4 Price or Cost (dollars per bushel) 15 18 16 14 Price - Marginal revenue 12 10 Number of Bushels (per Day) 8 6 4 2 1 Price 2 $13 13 13 13 13 13 3 Quantity (bushels of fish per day) Marginal cost 4 5 6 7 $0 13 26 39 52 65 Total Total Revenue Cost $10 15 22 31 44 61 Total Profit $-10 -2 4 18 8 14 Marginal Revenue $13 13 13 13 13 Please enter your responses as whole numbers only. No decimals or $signs. Please determine the: Marginal Cost I-- $5 7 13 17
Number of Bushels (per Day) 10 1 2 3 5 Quantity (bushels of fish per day) Price $13 13 13 13 13 13 Total Revenue $0 13 26 39 52 65 Total Cost a. Profit maximizing output with price at $13. $10 15 22 31 44 61 Total Marginal Profit Revenue $-10 -2 14 8 8 14 Please enter your responses as whole numbers only. No decimals or $signs. Please determine the: b. Total revenue with price at $13 at the profit maximizing output. c. Total cost with price at $13 at the profit maximizing output. d. Total profit with price at $13 at the profit maximizing output. $13 13 13 13 13 e. Profit per unit with price at $13 at the profit maximizing output. bushels Marginal Cost -- $5 7 9 13 17 J700
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