Question: The table below shows the marginal cost ( MC ) for The Tea Shop, a perfectly competitive firm producing different quantities of tea. The market
The table below shows the marginal cost MC for The Tea Shop, a perfectly competitive firm producing different quantities of tea. The market price of tea is $ a box.
Instructions: In part a round your answers to two decimal places. In part b enter your answer as a whole number.
a Complete the marginal revenue MR column in the table below.
The Tea Shop's Costs and Revenues
tabletableQuantityteatableMarginal CostdollarstableMarginal Revenuedollars$$
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