a) Complete the following table Price $40 $35 $30 $25 $20 $15 $10 $5 Quantity Demanded 1 2 3 4 5 6 7 8 Total revenue Marginal Revenue b) If marginal cost is constant at $30, what is the profit maximizing output c) What price should be charged at that output d) If this firm has no fixed costs, what ...

Answer to Question a The following table shows the filled up values Price 40 35 30 25 20 15 S10 5 Qu ...

a) Complete the following table: Price $40 $35 $30 $25 $20 $15 $10 $5 Quantity Demanded 1

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a) Complete the following table:

Price	$40	$35	$30	$25	$20	$15	$10	$5
Quantity Demanded	1	2	3	4	5	6	7	8
Total revenue
Marginal Revenue

b) If marginal cost is constant at $30, what is the profit-maximizing output?

c) What price should be charged at that output?

d) If this firm has no fixed costs, what is the profit at this output?

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: May 10, 2022 06:14 AM

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a) Complete the following table: Price $40 $35 $30 $25 $20 $15 $10 $5 Quantity Demanded 1

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