Complete the table below and graph the AR, MR, MC, and AC Q Price TR AR MR TC MC Profit 0 30 70 5 27 135 10 24 197 15 21 252 20 18 300 25 15 345 30 12 383 35 9 428 40 6 478 45 3 533 50 0 593 Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit.
Complete the table below and graph the AR, MR, MC, and AC Q Price TR AR MR TC MC Profit 0 30 70 5 27 135 10 24 197 15 21 252 20 18 300 25 15 345 30 12 383 35 9 428 40 6 478 45 3 533 50 0 593 Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Complete the table below and graph the AR, MR, MC, and AC
Q |
Price |
TR |
AR |
MR |
TC |
MC |
Profit |
0 |
30 |
|
|
|
70 |
|
|
5 |
27 |
|
|
|
135 |
|
|
10 |
24 |
|
|
|
197 |
|
|
15 |
21 |
|
|
|
252 |
|
|
20 |
18 |
|
|
|
300 |
|
|
25 |
15 |
|
|
|
345 |
|
|
30 |
12 |
|
|
|
383 |
|
|
35 |
9 |
|
|
|
428 |
|
|
40 |
6 |
|
|
|
478 |
|
|
45 |
3 |
|
|
|
533 |
|
|
50 |
0 |
|
|
|
593 |
|
|
Provide a brief explanation of the firm's behavior to set production at 20 units at the price of P18 per unit.
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