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3.1. Fill out the table below. (6 points) Unit Marginal Marginal Quantity (Q) Price (P) Total Revenue (TR) Fixed Cost (FC) Variable Cost (VC) Total
3.1. Fill out the table below. (6 points)
| Unit | Marginal | Marginal | ||||||
| Quantity (Q) | Price (P) | Total Revenue (TR) | Fixed Cost (FC) | Variable Cost (VC) | Total Cost (TC) | Profit | Cost | Revenue |
| 14 | $10 | 140 | $3 | $43 | ||||
| 15 | $10 | 150 | $51 | |||||
| 16 | $10 | 160 | $60 | |||||
| 17 | $10 | 170 | $70 | |||||
| 18 | $10 | 180 | $81 |
3.2. Is the table above pertaining to a perfectly competitive firm or monopoly? How can you tell? (1 point)
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How Social Forces Impact The Economy
Authors: Steven Pressman
1st Edition
1000062899, 9781000062892
