What is the Marginal Cost and Marginal Revenue? pls see and fill the chart below McDonald’s Quantity Variable Costs Fixed Costs Total Costs Price Total Revenue Profit Marginal Costs Marginal Revenue 1,000 500 5,000 5,500 4.00 $4,000 -1,500 2,500 1,000 5,000 6,000 3.50 $8,750 2,750 0.33 3.17 4,000 1,400 5,000 6,400 3.00 $12,000 5,600 0.27 2.17 9,000 2,400 5,000 7,400 2.00 $18,000 10,600 0.20 1.2 13,000 3,400 5,000 8,400 1.00 $13,000 4,600 0.25 -1.25 20,000 10,000 5,000 15,000 0.50 $10,000 -5,000 0.94 -0.43 45,000 31,250 5,000 36,250 0.30 $13,500 -22,750 0.85 0.14
What is the Marginal Cost and Marginal Revenue? pls see and fill the chart below McDonald’s Quantity Variable Costs Fixed Costs Total Costs Price Total Revenue Profit Marginal Costs Marginal Revenue 1,000 500 5,000 5,500 4.00 $4,000 -1,500 2,500 1,000 5,000 6,000 3.50 $8,750 2,750 0.33 3.17 4,000 1,400 5,000 6,400 3.00 $12,000 5,600 0.27 2.17 9,000 2,400 5,000 7,400 2.00 $18,000 10,600 0.20 1.2 13,000 3,400 5,000 8,400 1.00 $13,000 4,600 0.25 -1.25 20,000 10,000 5,000 15,000 0.50 $10,000 -5,000 0.94 -0.43 45,000 31,250 5,000 36,250 0.30 $13,500 -22,750 0.85 0.14
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter8: Perfect Competition
Section: Chapter Questions
Problem 5SCQ: Explain in words why a profit-maximizing film will not choose to produce at a quantity where...
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What is the Marginal Cost and Marginal Revenue?
pls see and fill the chart below
|
McDonald’s |
||||||||
|
Quantity
|
Variable Costs |
Fixed Costs |
Total Costs |
Price |
Total Revenue |
Profit |
Marginal Costs |
Marginal Revenue |
|
1,000 |
500 |
5,000 |
5,500 |
4.00 |
$4,000 |
-1,500
|
|
|
|
2,500 |
1,000 |
5,000 |
6,000 |
3.50 |
$8,750 |
2,750
|
0.33 |
3.17 |
|
4,000 |
1,400 |
5,000 |
6,400 |
3.00 |
$12,000 |
5,600 |
0.27 |
2.17 |
|
9,000 |
2,400 |
5,000 |
7,400 |
2.00 |
$18,000 |
10,600
|
0.20 |
1.2 |
|
13,000 |
3,400 |
5,000 |
8,400 |
1.00 |
$13,000 |
4,600
|
0.25 |
-1.25 |
|
20,000 |
10,000 |
5,000 |
15,000 |
0.50 |
$10,000 |
-5,000
|
0.94 |
-0.43 |
|
45,000 |
31,250 |
5,000 |
36,250 |
0.30 |
$13,500 |
-22,750
|
0.85 |
0.14 |
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