Question: uantity AR = MR = P $ Total Cost $ Total Revenue $ Net Revenue $ 0 40 30 1 40 50 2 40 68

uantity AR = MR = P $ Total Cost $ Total Revenue $ Net Revenue $ 0 40 30 1 40 50 2 40 68 3 40 102 4 40 148 5 40 200 Problem 1 c: Given quantity (Q), Average Revenue = Marginal Revenue = Price (AR = MR = P) and Total Costs (TC), calculate Total Revenue (TR) and Net Revenue (NR). (Enter your answers into the answers boxes in the above table. You do not need to enter the $ sign.) Formulas: (1) TR = P x Q; (2) NR = TR - TC

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