The table shows the cost, C(q), and revenue, R(q), in terms of quantity, q. Estimate the marginal cost, MC(q), and marginal revenue, MR(q), for q between 0 and 6. 9 MC(q) MR(q) ‒‒‒‒ 1 q 1 C(q) 30 R(q) 105 2 2 3 65 115 225 245 265 285 4 5 6 170 230 310 295 3 4 5

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
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The table shows the cost, C(q), and revenue, R(q), in terms of
quantity, q. Estimate the marginal cost, MC(q), and marginal revenue,
MR(q), for q between 0 and 6.
q
MC(q)
MR(q)
‒‒‒‒‒
1
2
3
4
5 6
65 115 170 230 | 310
105 225 245 265 285 295
q
1
C(q) 30
R(q) 105
2
3
4
LO
5
Transcribed Image Text:The table shows the cost, C(q), and revenue, R(q), in terms of quantity, q. Estimate the marginal cost, MC(q), and marginal revenue, MR(q), for q between 0 and 6. q MC(q) MR(q) ‒‒‒‒‒ 1 2 3 4 5 6 65 115 170 230 | 310 105 225 245 265 285 295 q 1 C(q) 30 R(q) 105 2 3 4 LO 5
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