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The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies.The

The table below shows the total cost (TC) and marginal cost (MC) for Baker Street, a perfectly competitive firm producing different quantities of apple pies.The market price of apple pies is $6.00 per pie.

a. Fill in the marginal revenue (MR) and average revenue (AR) columns.

Instructions: Round your answers to two decimal places.

Baker Street's Costs and Revenues

Quantity (apple pies)

TC (dollars)

MC (dollars)

MR

(dollars)

AR

(dollars)

10 $55.00 $3.00 $ $
15 67.50 2.50
20 82.50 3.00
25 102.50 4.00
30 132.50 6.00
35 172.50 8.00

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