1. A manufacturer estimates his marginal cost and revenue at various levels of output to be the following. If fixed cost is 500, estimate, using the Simpsons rule, the total revenue of producing 100 units is GHC qq (units) MC MR 0 20 40 260 250 410 350 300 240 60 80 200 250 270 240 100 250 250 120 270 300

1. A manufacturer estimates his marginal cost and revenue at various levels of output to be the following. If fixed cost is 500, estimate, using the Simpsons rule, the total revenue of producing 100 units is GHC qq (units) MC MR 0 20 40 260 250 410 350 300 240 60 80 200 250 270 240 100 250 250 120 270 300

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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