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Use the following information to answer questions 1 through 4: The table below shows data for the production of Apples for an individual firm operating
Use the following information to answer questions 1 through 4: The table below shows data for the production of Apples for an individual firm operating as a mo- nopoly. Quantity of Apples Price Total Costs 600 3000 10 550 3750 20 500 4750 30 450 6000 40 400 8500 50 350 12500 60 300 20000 70 250 32000 43500 80 200 1. Given this data, complete the table: Quantity of Apples Total Revenue (TR) Profit Marginal Rev. Marginal enue (MR) Costs (MC) 0 10 20 30 40 SO
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