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  • Calculations

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    F.Z.
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    This table shows the total cost, total revenue, marginal cost, average cost, and marginal revenue for a firm producing different quantities of output. As quantity increases from 1 to 7 customers, total cost rises but at a decreasing rate, while average cost falls continuously. Total profit increases as quantity rises from 1 to 5 customers but then decreases after 5 customers as marginal cost rises faster than marginal revenue.

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    This table shows the total cost, total revenue, marginal cost, average cost, and marginal revenue for a firm producing different quantities of output. As quantity increases from 1 to 7 customers, total cost rises but at a decreasing rate, while average cost falls continuously. Total profit increases as quantity rises from 1 to 5 customers but then decreases after 5 customers as marginal cost rises faster than marginal revenue.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    3 views2 pages

    Calculations

    Uploaded by

    F.Z.
    This table shows the total cost, total revenue, marginal cost, average cost, and marginal revenue for a firm producing different quantities of output. As quantity increases from 1 to 7 customers, total cost rises but at a decreasing rate, while average cost falls continuously. Total profit increases as quantity rises from 1 to 5 customers but then decreases after 5 customers as marginal cost rises faster than marginal revenue.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 2

    Marginal Cost Average Marginal

    Customers Total Cost Total Revenue (MC) Cost (AC) Revenue (MR)
    1 30 10 30
    2 32 20 2 16 10
    3 35 30 3 11.7 10
    4 38 40 3 9.5 10
    5 42 50 4 8.4 10
    6 48 60 6 8 10
    7 57 70 9 8.1 10
    8 68 80 11 8.5 10
    Total Profit
    -20
    -12
    -5
    2
    8
    12
    13
    12

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