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microeconomics Table 1 shows the quantity and price for a firm. Price Total Marginal | Total Cost Marginal | Total Profit Output (P) Revenue Revenue
microeconomics
Table 1 shows the quantity and price for a firm. Price Total Marginal | Total Cost Marginal | Total Profit Output (P) Revenue Revenue (TC) Cost (TR) (MR) (MC) 0 RM 0 RM 10 1 RM 130 ' RM 70 2 RM 109 ' RM 120 3 RM 92 ' RM 166 a RM 80 ' RM 210 Based on Table 1, fill up the columns of total revenue (TR), marginal revenue (MR), marginal cost (MC), and total profit. (Prepare your answers in the form of a table)Step by Step Solution
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