Question

Output(units)	Total Revenue($)	Total Cost($)
0	0	25
1	30	49
2	60	69
3	90	86
4	120	100
5	150	114
6	180	128
7	210	170

Using the table above,  May you please show the calculations step by step. Thank you:)

Which gives the total revenue schedule and total cost schedule of a perfectly competitive firm. The short-run equilibrium price of one unit of the good is:

A) $3.

B) $10.

C) $15.

D) $25.

E) $30.

May you please show the calculations step by step. Thank you:)

Answer 1

don't forget to give a thumbs up if you like the answer.