Question: At which quantity (Q) does marginal revenue (MR) equal $800? Quantity (Q) Total Revenue (TR) Marginal Revenue (MR) Total Cost (TC) Marginal Cost (MC) 1
At which quantity (Q) does marginal revenue (MR) equal $800? Quantity (Q) Total Revenue (TR) Marginal Revenue (MR) Total Cost (TC) Marginal Cost (MC) 1 $1,200 ? $500 $500 2 $2,200 ? $775 $275 3 $3,000 ? $1,000 $225 4 $3,600 ? $1,250 $250 5 $4,000 ? $1,650 $400 6 $4,200 ? $2,500 $850 7 $4,200 ? $4,000 $1,500 8 $4,000 ? $6,400 $2,400
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
