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Please answer the following: Assignment 2 The following table shows the daily cost data and demand schedule for a typical rm producing board games in

Please answer the following:

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Assignment 2 The following table shows the daily cost data and demand schedule for a typical rm producing board games in a monopolistically competitive market in the short run. Fill in the values in the Marginal Cost, Total Revenue, Marginal Revenue, and Average Total Cost columns In the following table and then answer the questions that follow. Quantlty Price Total Cost Marglnal Cost Total Revenue Marglnal Revenue Average Total Cost (Board games) (Dollars per game) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 1 16.00 13 2 14.00 24 3 10.00 33 4 8.00 48 5 6.00 65 6 4.00 90 7 2.00 140 8 0.50 240 Under monopolistic competition, a typical rm will produce board games at a price of 3 per board game in the short run. Based on your calculations, the rm will v . Grade It Now Save & Continue Continue without saving X

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