Question
Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 6? Q P TC TR
Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 6?
Q | P | TC | TR | MR | MC | Profit |
0 | $8 | $11 | ||||
1 | $8 | $16 | ||||
2 | $8 | $17 | ||||
3 | $8 | $25 | ||||
4 | $8 | $27 | ||||
5 | $8 | $36 | ||||
6 | $8 | $38 | ||||
7 | $8 | $45 |
Please type the answer in the answer box without the "$".
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
