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Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to table standard. Price Quantity Demanded Total Revenue Marginal Revenue Variable

Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to table standard.

Price

Quantity Demanded

Total Revenue

Marginal Revenue

Variable Cost

Total Cost

Average Variable Cost

Marginal Cost

Profit

Percent Contribution Margin

18

600

10800

5210

5710

8.68

5090

17

a

11900

11

b

6140

8.06

4.30

5760

0.75

16

800

12800

9

6135

c

7.67

4.95

6165

d

15

900

13500

e

6700

7200

7.44

5.65

6300

0.62

14

1000

14000

5

7335

7835

f

6.35

6165

g

13

1100

14300

3

8060

8560

7.33

h

i

0.44

j

1200

14400

1

8900

9400

7.42

8.40

5000

0.30

a) b) c) d) e) f) g) h) i) j)

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