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5 The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple
5 The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies. The market price of apple pies is $10.00 per pie. 10 a. Fill in the marginal revenue (MR) and average revenue (AR) columns. points Instructions: Round your answers to two decimal places. 01:26:03 Baker Street's Costs and Revenues Quantity MR AR (apple pies) TC (dollars) MC (dollars) (dollars) eBook 25 $205.00 $7.00 30 237.50 6.50 35 272.50 7.00 References 40 312.50 8.00 45 362.50 10.00 50 422.50 12.00 Instructions: Enter your answers as a whole number. b. At the market price of $10.00 per apple pie, how many apple pies should Baker Street make? apple pies c. If the market price for apple pies were to rise to $12.00 per apple pie, how many apple pies should Baker Street make? apple pies
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