a. Calculate the missing total revenue and marginal revenue amountsInstructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative numbers be sure toinclude a negative sign (-) in front of those numbers.Production and CostsTotalProduct012345657B010Average FixedCost$60.0030:0020.0015.0012.0010.008.577,506676.00AverageVariable Cost$45.0042 5040.0037.5037.0037.5038:5740.6343 3346.50Average Total MarginalCostCost$105.0072.5060.0052.5049 0047.5047 1448.1350.0052.50$45403035406575Price28253349RR$1151007163553729QuantityDemanded012345678910DemandTotalRevenueMarginalRevenue

Total revenue, which is the full amount of total sales, is calculated by multiplying the total…

a Calculate the missing total revenue and marginale Instructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative numbers be include a negative sign () in front of those numbers. Production and Costs Total Product 0 1 2 3 4 5 6 7 B D 10 Average Fixed Cost 560.00 30:00 20.00 15.00 12.00 857 750 667 6.00 Average Variable Cost $45.00 42 50 40.00 37:50 37.00 37.50 38:57 4063 4333 Average Total Marginal Cost Cost $105.00 72.50 60.00 52.50 49.00 47.50 47 14 50.00 52.50 $45 40 35 30 35 40 66 75 Price $115 100 83 71 55 42 37 33 29 Quantity Demanded 0 1 2 3 4 5 6 7 6 9 10 Demand Total Revenue Marginal Revenue

a Calculate the missing total revenue and marginale Instructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative numbers be include a negative sign () in front of those numbers. Production and Costs Total Product 0 1 2 3 4 5 6 7 B D 10 Average Fixed Cost 560.00 30:00 20.00 15.00 12.00 857 750 667 6.00 Average Variable Cost $45.00 42 50 40.00 37:50 37.00 37.50 38:57 4063 4333 Average Total Marginal Cost Cost $105.00 72.50 60.00 52.50 49.00 47.50 47 14 50.00 52.50 $45 40 35 30 35 40 66 75 Price $115 100 83 71 55 42 37 33 29 Quantity Demanded 0 1 2 3 4 5 6 7 6 9 10 Demand Total Revenue Marginal Revenue

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 3P

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