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Q1. Paulina sells beef in a competitive market where the price is $6 per kilogram. Her total revenue and total costs are given in the
Q1. Paulina sells beef in a competitive market where the price is $6 per kilogram. Her total revenue and total costs are given in the table below.
Price/Cost ($) 60 50 MC 40 ATC 30 AVC 20 10 10 20 30 40 50 60 QuantityPrice/Cost ($) 60 50 MC 40 ATC 30 AVC 20 10 0 10 20 30 40 50 60 QuantityQuantity Total Total Profit Marginal of beef Marginal Marginal revenue cost revenue cost (kgs . ) profit ($) ($) ($) ($) ($) ($) 0 9 1 6 11 2 12 12 18 18 4 24 25Step by Step Solution
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