Question: A. Fill in the missing data for price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC), profit (), and marginal

A. Fill in the missing data for price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC), profit (Ï€), and marginal profit (Me) in the following table:


A. Fill in the missing data for price (P), total


B. At what output level is profit maximized?
C. At what output level is revenue maximized?
D. Discuss any differences in your answers to parts B andC.

0 $160 1 150 2 140 SO SO SO 150 150 25 25 30 35 125 125 100 75 390 300 90 130 350 5 110 550 600 630 640 175 50 370 290 60 -30 80 355 285 75 85 10 525

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A Q P TRPQ MRTRQ TC MCTCQ MeQ 0 160 0 0 0 0 1 150 150 150 25 25 125 125 2 140 280 130 55 30 225 100 ... View full answer

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