In: Economics
Q |
P |
TR=P×Q |
MR=ΔTR/ΔQ |
TC |
MC=ΔTC/ΔQ |
π |
Mπ=Δπ/ΔQ |
0 |
$160 |
$0 |
0 |
$0 |
0 |
$0 |
0 |
1 |
150 |
150 |
150 |
25 |
25 |
125 |
125 |
2 |
140 |
280 |
130 |
55 |
30 |
225 |
100 |
3 |
130 |
390 |
110 |
90 |
35 |
300 |
75 |
4 |
120 |
480 |
90 |
130 |
40 |
350 |
50 |
5 |
110 |
550 |
70 |
175 |
45 |
375 |
25 |
6 |
100 |
600 |
50 |
230 |
55 |
370 |
5 |
7 |
90 |
630 |
30 |
290 |
60 |
340 |
-30 |
8 |
80 |
640 |
10 |
355 |
65 |
285 |
-55 |
9 |
70 |
630 |
-10 |
430 |
75 |
200 |
-85 |
10 |
60 |
600 |
-30 |
525 |
95 |
75 |
-125 |
Graph the firm’s demand curve and marginal revenue curve.
Graph the firm’s total cost curve, total revenue curve, and total profit curve.
Answer : The demand curve and marginal revenue curve re shown in the following picture's diagram.
Total cost curve, total revenue curve and total profit curve are shown by the following picture's diagram.