onsider total cost and total revenue, given in the following table:In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)QuantityTotal CostMarginal CostTotal RevenueMarginal RevenueProfit(Dollars)(Dollars)(Dollars)(Dollars)(Dollars)05 0 166 2812 31118 41524 52030 62636 73542 can you plaes help me with this

Marginal cost = change in total cost / change in quality MC (at Q = x) = TCx – TCx-1 / Qx – Qx-1…

Answered: Quantity Total Cost Marginal Cost Total…

Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 0 5 0 1 6 6 2 8 12 3 11 18 4 15 24 5 20 30 6 26 36 7 35 42

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 1.4CE

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Question

onsider total cost and total revenue, given in the following table:

In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)

Quantity	Total Cost	Marginal Cost	Total Revenue	Marginal Revenue
(Dollars)	(Dollars)	(Dollars)	(Dollars)	(Dollars)
0	5		0

1	6	6

2	8	12

3	11	18

4	15	24

5	20	30

6	26	36

7	35	42

can you plaes help me with this

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