Question: 1) Complete the missing data for each worksheet using the market price provided on each sheet.Be sure to fill in all of the columns. Price

1) Complete the missing data for each worksheet using the market price provided on each sheet.Be sure to fill in all of the columns.

Price = $26 per unit sold Units of Total Product Total Cost Data Total Revenue Profits Average Cost Data Marginal Data Total Total MC MR Total Total Fixed Variable Total AVC (TC2- (TR2- Product Revenue Cost Cost TR - TC Cost AFC (TVC/# ATC Marginal TCM(Q2- TR1)/(Q2- Profits units) Q1) Q1) $0 $60 $0 $60 $60) $26 60 45 105 $60 $45.00 $105.00 60 85 145 $30 42.50 72.50 60 120 180 $20 40.00 60.00 60 150 210 $15 37.50 52.50 60 185 245 $12 37.00 49.00 60 225 285 $10 37.50 47.50 60 270 330 $9 38.57 47.14 60 325 385 $8 40.63 48.13 60 390 450 $7 43.33 50.00 10 60 465 525 $6 46.50 52.50
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
