Question
Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 4? Q P TC TR
Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 4?
Q | P | TC | TR | MR | MC | Profit |
0 | $10 | $11 | ||||
1 | $10 | $15 | ||||
2 | $10 | $20 | ||||
3 | $10 | $25 | ||||
4 | $10 | $28 | ||||
5 | $10 | $33 | ||||
6 | $10 | $40 | ||||
7 | $10 | $41 |
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Economics
Authors: R. Glenn Hubbard, Anthony Patrick O Brien
7th edition
134738314, 9780134738116 , 978-0134738321
