Question: (1) (2) (3) (4) (5) (6) (7) (8) (9) Average Average Output Price Total Marginal Marginal Total variable total Profit (+) (units per per unit

(1) (2) (3) (4) (5) (6) (7) (8) (9) Average Average Output Price Total Marginal Marginal Total variable total Profit (+) (units per per unit revenue revenue cost cost cost cost hour) (Q) or loss (-) (P) (TR) (MR) (MC) (TC) (AVC) (ATC] [(3) - (6)] $70 $0 $100 -$100 $70 $50 70 70 150 $50 $150 -80 70 34 2 70 140 184 42 92 -44 70 24 3 70 210 208 36 69 2 70 19 4 70 280 227 32 57 53 70 23 5 70 350 250 30 50 100 70 30 6 70 420- 280 30 47 140 70 38 7 70 490 318 31 45 172 70 48 8 70 560 366 33 46 194 70 59 9 70 630- 70 70 425 36 47 205 70 75 10 70 700 500 40 50 200 70 95 11 70 770- 595 45 54 175 70 117 12 70 840- 712 51 59 128
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
