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Solving for marginal cost, marginal revenue and total revenue

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Add three columns for the marginal cost, marginal revenue and total revenue. Fill in the respective values.

Output Average Fixed cost Average Variable Cost Average Total Cost Price
0 $ 345.00
1 $ 180.00 $ 135.00 $ 315.00 $ 300.00
2 $ 90.00 $ 127.50 $ 217.50 $ 249.00
3 $ 60.00 $ 120.00 $ 180.00 $ 213.00
4 $ 45.00 $ 112.50 $ 157.50 $ 189.00
5 $ 36.00 $ 111.00 $ 147.00 $ 165.00
6 $ 30.00 $ 112.50 $ 142.50 $ 144.00
7 $ 25.71 $ 115.70 $ 141.41 $ 126.00
8 $ 22.50 $ 121.90 $ 144.40 $ 111.00
9 $ 20.00 $ 130.00 $ 150.00 $ 99.00
10 $ 18.00 $ 139.50 $ 157.50 $ 87.00

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Solution Summary

The expert solves the marginal cost, marginal revenues and total revenues. Average variable costs with respective values are provided.

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See Also This Related BrainMass Solution

Marginal Utility, Revenue, Elasticity of Demand Etc.

1. Given
Equilibrium
Price of A = $20
Price of B = $80
What is the Marginal Utility of product A divided by the Marginal Utility of product B?

2. Given: Total Revenue = $3000
Quantity Sold = 50
Quantity Produced = 75
What was the price?

3. Given: At $20 a hat 100 hats were sold.
At $21 a hat 95 hats were sold.
What is the elasticity of demand (using midpoint formula)?

4. Given: Total Cost = $1000
Average Variable Cost = $10
Quantity Produced = 50
What is the Total Fixed Cost?

5. Given
The cross elasticity of demand between hotdogs and hamburger price = 0.5
What will be the percent change in hotdog sales if the price of hamburgers goes up by 10%?

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