Question
1. Candace Candies has the following cost schedule in the short run. Labor Quantity FC VC TC AFC AVC ATC MC 0 0 50
1. Candace Candies has the following cost schedule in the short run. Labor Quantity FC VC TC AFC AVC ATC MC 0 0 50 0 12 4 50 30 14 50 65 345 22 50 110 26 50 165 29 50 220 6 31 50 295 a. Complete the rest of the table by doing the missing cost calculations. 2. Here is another revenue and production cost schedule for Paulo Pasta. Quantity Total Total Revenue Cost Marginal Revenue Marginal Cost 0 60 5 50 70 10 100 95 15 150 120 20 200 170 25 250 230 30 300 320 a. Calculate marginal revenue.. b. Calculate marginal cost. c. What is the profit-maximizing quantity?
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