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Thanks Question 15: Fill out the blanks Price QD Elasticity Total Revenue Marginal Revenue 10 120 -0.2500 1200 -30 20 90 -0.6667 1800 -10 30

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Question 15: Fill out the blanks Price QD Elasticity Total Revenue Marginal Revenue 10 120 -0.2500 1200 -30 20 90 -0.6667 1800 -10 30 60 -1.5000 1800 10 35 45 -2.3333 1575 20 Quantity FC VC TC AFC AVC ATC MC 90 0 130 35 20 60 240 120 Market Price Profit maximizing level Profit of output $28 $36 $88 $106 $140

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