Question 1:

Suppose that at a price of $13 per omelet, a restaurant can sell 30 omelets. At this level of output, the average total cost (ATC) per omelet is $6. What is the restaurant's total revenue (TR) at this level of output?

Question 2:

Suppose that at a price of $11 per omelet, a restaurant can sell 29 omelets. At this level of output, the average total cost (ATC) per omelet is $8. What is the restaurant's total cost (TC) at this level of output?

question 3:

Suppose that at a price of $11 per omelet, a restaurant can sell 26 omelets. At this level of output, the average total cost (ATC) per omelet is $5. What is the restaurant's profit at this level of output?

Question 4:

A salon sells 7 bottles of shampoo per week when the price is $47 per unit. In order to increase their sales by one unit per week, the salon had to reduce the price to $44 per unit. Given this information, what is the marginal revenue of the last bottle sold?

Question 5:

A pet store sells 19 cat collars per month when the price is $14 per unit. In order to increase their sales by one unit per month, the pet store had to reduce the price to $10 per unit. Given this information, what is the marginal revenue of the last collar sold?