The table shows the costs and revenue for Glitter Ltd., a monopolistic competitor that sells earrings. Calculate the missing values in the table to the nearest whole number.

Economics For Today
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ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter10: Monopolistic Competition And Oligoply
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The table shows the costs and revenue for Glitter Ltd., a monopolistic competitor that sells earrings. Calculate the missing values in the table to the nearest whole number.

The table shows the costs and revenue for Glitter Ltd., a monopolistic competitor that sells earrings. Calculate the missing
values in the table to the nearest whole number.
Quantity |Price Total revenue | Marginal revenue | Total cost Marginal cost Average cost
30,000
$38
$1,140,000
$1,200,000
$40
40,000
$34
$1,360,000
$22
$1,220,000
$2
$31
50,000
$30
$1,500,000
$1,260,000
$4
60,000
$26
$1,560,000
$6
$1,320,000
C
$22
70,000
$22
$1,540,000
-$2
$1,380,000
D
80,000
$18
$1,444,000
A
$1,480,000
$10
$19
90,000
$14
$1,260,000
-$19
В
$18
A = $
C = $
B = $
D = $
Transcribed Image Text:The table shows the costs and revenue for Glitter Ltd., a monopolistic competitor that sells earrings. Calculate the missing values in the table to the nearest whole number. Quantity |Price Total revenue | Marginal revenue | Total cost Marginal cost Average cost 30,000 $38 $1,140,000 $1,200,000 $40 40,000 $34 $1,360,000 $22 $1,220,000 $2 $31 50,000 $30 $1,500,000 $1,260,000 $4 60,000 $26 $1,560,000 $6 $1,320,000 C $22 70,000 $22 $1,540,000 -$2 $1,380,000 D 80,000 $18 $1,444,000 A $1,480,000 $10 $19 90,000 $14 $1,260,000 -$19 В $18 A = $ C = $ B = $ D = $
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