Program : Bachelor of Science in Information Technology

Course : Principles of Economics with Agrarian Reform and

Taxation
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FIRMS IN COMPETITIVE MARKETS

Topics Covered:

1. Revenue of the Competitive Firm

2. Profit Maximization and Competitive Firm’s Supply
Objectives:
At the end of this activity, the students are expected to:
1. Know how to compute Total Revenue
2. Know how to compute Average Revenue
3. Know how to compute Marginal Revenue
4. Know how to compute Profit
5. Know how to compute Marginal Cost
6. Know how to compute Change in Profit

Instruction:
Complete the box below by computing the Total Revenue, Average Revenue, Marginal
Revenue, Profit, Marginal Cost and Change in Profit.

TOTAL, AVERAGE, and MARGINAL REVENUE for a COMPETITIVE FIRM.

Quantity Price Total Revenue Average Marginal

Revenue Revenue
2 7
4 7

6 7
8 7
10 7
12 7
14 7
16 7
18 7

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Prepared by: Frenzy Claire B. Carbonell Noted by: Page 1 of 2

Program : Bachelor of Science in Information Technology
Course : Principles of Economics with Agrarian Reform and
Taxation
_____________________________________________________________________________________

Quantity Total Total cost Profit Marginal Marginal Change in

Revenue Revenue Cost Profit
2 14 10
4 28 20

6 42 30
8 56 40
10 70 50
12 84 60
14 98 70
16 112 80
18 126 90

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Prepared by: Frenzy Claire B. Carbonell Noted by: Page 2 of 2