Q TFC TVC TC MC AFC AVC ATC TR MR ТР 2 10 70 60 30 5 35 70 4 60 16 76 3 15 4 19 140 35 64 6 60 30 90 7 10 15 210 35 120

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Is the Marginal cost(MC) and Marginal Revenue(MR) answers correct?

 

See the table above

Q TFC TVC TC MC AFC AVC ATC
TR
MR
TP
2
10 70
60
30
35
70
16 76 3 15 4
19 140 35 64
60 30 90 7
10
15 210 35 120
Transcribed Image Text:Q TFC TVC TC MC AFC AVC ATC TR MR TP 2 10 70 60 30 35 70 16 76 3 15 4 19 140 35 64 60 30 90 7 10 15 210 35 120
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