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I am looking at finding the Profit Maximizing Price?Marginal Cost?Marginal Revenue? Production Costs PRICE QUANTITY TOTAL MARGINAL TOTAL COST TFC(in TVC (in ATC AVC MC
I am looking at finding the Profit Maximizing Price?Marginal Cost?Marginal Revenue?
Production Costs PRICE QUANTITY TOTAL MARGINAL TOTAL COST TFC(in TVC (in ATC AVC MC PROFIT/LOSSES (in millions) REVENUE REVENUE (in millions) millions) million) 89 0 $0.00 $1.72 $1.72 $0.00 -$1.72 82.7 1 $82.70 $82.70 $29.19 $1.72 $27.47 $1.72 $27.47 $27.47 $53.51 76.4 2 $152.80 $70.10 $59.11 $1.72 $57.39 $0.86 $28.69 $29.92 $93.69 70.1 3 $210.30 $57.50 $89.76 $1.72 $88.04 $0.57 $29.35 $30.66 $120.54 63.8 4 $255.20 $44.90 $121.15 $1.72 $119.43 $0.43 $29.86 $31.39 $134.05 57.5 5 $287.50 $32.30 $153.28 $1.72 $151.56 $0.34 $30.31 $32.12 $134.23 51.2 6 $307.20 $19.70 $186.13 $1.72 $184.41 $0.29 $30.74 $32.86 $121.07 44.9 7 $314.30 $7.10 $219.72 $1.72 $218.00 $0.25 $31.14 $33.59 $94.58 38.6 8 $308.80 -$5.50 $254.05 $1.72 $252.33 SO.22 $31.54 $34.33 $54.75 32.3 9 $290.70 -$18.10 $289.11 $1.72 $287.39 $0.19 $31.93 $35.06 $1.59 26 10 $260.00 -$30.70 $324.90 $1.72 $323.18 $0.17 $32.32 $35.79 -$64.90 Table 1. Production Cost Step by Step Solution
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