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Output per week Total Revenue Average revenue Total cost Average cost Marginal cost 0 0 - 10 - - 1 40 40 25 15 2
| Output per week | Total Revenue | Average revenue | Total cost | Average cost | Marginal cost |
| 0 | 0 | - | 10 | - | - |
| 1 | 40 | 40 | 25 | 15 | |
| 2 | 60 | 9 | |||
| 3 | 78 | 18 | |||
| 4 | 96 | 44 | |||
| 5 | 105 | 54 |
a) Complete the table
b) What level of output should to firm produce in order to maximized its profits?
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Financial Accounting
Authors: Jan Williams, Mark Bettner, Joseph Carcello
18th Edition
1260247945, 9781260247947
