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Calculatetotalaveragecostsforthebookstorein Problem25-5 .Illustratethestore'sshort-runequilibriumbycalculatingdemand,marginalrevenue,averagetotalcosts,andmarginalcosts.Whatisitstotalprofit? Output Price per book Total cost 0 6 2 1 5.75 5.25 2 5.5 7.50 3 5.25 9.60 4 5 12.10 5

CalculatetotalaveragecostsforthebookstoreinProblem25-5.Illustratethestore'sshort-runequilibriumbycalculatingdemand,marginalrevenue,averagetotalcosts,andmarginalcosts.Whatisitstotalprofit?

Output	Price per book	Total cost
0	6	2
1	5.75	5.25
2	5.5	7.50
3	5.25	9.60
4	5	12.10
5	4.75	15.80
6	4.5	20.00
7	4	24.75

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