The table is of a monopolistically competitive firm Costs Total Cost Quantity Produced (Units) 0 W|N....

 

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The table is of a monopolistically competitive firm Costs Total Cost Quantity Produced (Units) 0 W|N. 2 3 4 6 8 (Dollar s) 100 140 184 230 280 335 395 475 575 Price Marginal Quantity Demanded Cost (Dollars) (Units) 0 1 2 3 4 5 6 Revenues 7 8 (Dollars per unit) 170 160 150 140 130 120 110 100 95 Total Marginal Revenue Revenue (Dollars) (Dollars) Refer to Table. If the above firm sells 3 units then what will be their total revenue? The table is of a monopolistically competitive firm Costs Total Cost Quantity Produced (Units) 0 W|N. 2 3 4 6 8 (Dollar s) 100 140 184 230 280 335 395 475 575 Price Marginal Quantity Demanded Cost (Dollars) (Units) 0 1 2 3 4 5 6 Revenues 7 8 (Dollars per unit) 170 160 150 140 130 120 110 100 95 Total Marginal Revenue Revenue (Dollars) (Dollars) Refer to Table. If the above firm sells 3 units then what will be their total revenue?

Answer rating: 100% (QA)

The formulas to be used are as below Marginal cost Total ... View the full answer