Question
If a competitive firm has the following: Quantity Price Total Cost Total Revenue Marginal Revenue Marginal...
If a competitive firm has the following:
Quantity Price Total Cost Total Revenue Marginal Revenue Marginal Cost
140 $6 $700 $840
160 $6 $ 960 $960
180 $6 $1260 $1080
200 $6 $1400 $1200
a. What is the MC if the firm produced a quantity of 160?
b. What is the MC if the firm produced a quantity of 180?
c. What is the MR if the firm produced a quantity of 140?
d. What is the MR if the firm produced a quantity of 200?
Please so work. Thank you!
Homework Answers
Answer #1
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