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Exhibit 23-10 Output (Q) Total Revenue Total Cost 0 $ 0 $10 1 20 40 2 40 60 3 60 70 4 80 75 5
Exhibit 23-10
Output (Q) | Total Revenue | Total Cost |
0 | $ 0 | $10 |
1 | 20 | 40 |
2 | 40 | 60 |
3 | 60 | 70 |
4 | 80 | 75 |
5 | 100 | 85 |
6 | 120 | 105 |
7 | 140 | 135 |
8 | 160 | 175 |
Refer to Exhibit 23-10. What price does this firm charge for its product?
$10 | ||
$20 | ||
$15 | ||
$30 | ||
There is not enough information to answer this question. |
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