What will be the average revenue for this firm if they sell 4 units COSTS Quantity Total Produced Cost SO

What will be the average revenue for this firm if they sell 4 units
 

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COSTS Quantity Total Produced Cost SO $50 $102 $157 $217 0 1 2 3 4 7 8 $285 $365 $462 $582 Marginal Cost REVENUES Quantity Demanded Price $80 $80 0 1 2 3 4 5 69 8 $80 $80 $80 $80 $80 $80 $80 Total Revenue Marginal Revenue

Answer rating: 100% (QA)

To calculate marginal cost MC and marginal revenue MR we need to find the change in total cost TC and total revenue TR when the quantity produced or d View the full answer