Question

In: Economics

using the table above, If the selling price is $100 a unit, calculate the profit (or loss) for each level of units produced.

Unitst


Total CostTotal revenueMarginal revenueProfit      
0$100

undefined
1$150



2$180



3$220



4$280



5$370



6$500



using the table above, If the selling price is $100 a unit, calculate the profit (or loss) for each level of units produced.  How many units should the firm produce? copy the table in the answer space and fill in the table.

Solutions

Expert Solution

Solution:-

MC of n the unit=(TC of n units -TC of p units )/(n-p)...............n>p


TR=P*Q

MR of n-th unit=(TR of n units -TR of p units)/(n-p)...................n>p

Rahul Sunny answered 1 year ago
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