8B. Using the data from Table 3.2 in the Module and completing a new table with adjustedhigher costs, if total costs for the non-profit organization increase by 10 percent and transportsmust be provided in bundles of 20 and revenues are at $60,000, what is the number of medicaltransports provided?TotalTotalMarginalMarginalQuantityPrice$5$5$5$5$5$5$5$5CostRevenue$0$5$10$15$20$25$30$35RevenueCost$9$10$12$15$19$24$30$450.13.4.

Introduction Here data of total cost, total revenue a firm has given. And we have calculate its…

Answered: Total Total Marginal Marginal Price…

Total Total Marginal Marginal Price Cost $5 $5 $5 $5 $5 $5 $5 $5 Quantity Revenue Revenue Cost $0 $5 $10 $15 $20 $25 $30 $35 $9 $10 $12 $15 $19 $24 $30 $45 1 3. 4

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Consumer Choice And Elasticity

Section: Chapter Questions

Problem 8CQ

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Question

8B. Using the data from Table 3.2 in the Module and completing a new table with adjusted
higher costs, if total costs for the non-profit organization increase by 10 percent and transports
must be provided in bundles of 20 and revenues are at $60,000, what is the number of medical
transports provided?
Total
Total
Marginal
Marginal
Quantity
Price
$5
$5
$5
$5
$5
$5
$5
$5
Cost
Revenue
$0
$5
$10
$15
$20
$25
$30
$35
Revenue
Cost
$9
$10
$12
$15
$19
$24
$30
$45
0.
1
3.
4.

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