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True North Railways, which is the sole provider of passenger rail service to a remote community, has revenues and costs shown in the table below.
True North Railways, which is the sole provider of passenger rail service to a remote community, has revenues and costs shown in the table below. (5) (1) (2) Marginal (6) Price Quantity (3) (4) Revenue Marginal Cost ($ per [passengers per Total Revenue Total Cost ($ per $ per passenger) day ($) ($) passenger) passenger) 360 0 10, 000 300 50 10, 800 240 75 11, 700 180 100 12, 600 1010 120 125 13, 600 60 150 14, 700 175 15, 900 a. Fill in the above table. Enter all dollar values In the table and answers below with no cents -- L.e. "10" not "10.00. Remember to Include a minus sign (-) in front of any negative values entered. b. True North's (Click to select) | quantity (using the quantities shown in the table above) is passengers and the price it charges is $ c. At this quantity, True North is making a short-run (Click to select) > of $ Click to select) loss profit
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