Download 777 - OpenStudy

Handbags
Quantity
Price (in
whole
dollars)
Total
Revenue
Marginal
Revenue
Total Cost
42
0
0
35
1
41
41
41
68
33
-27
2
40
80
39
94
26
-14
3
39
117
37
107
13
10
4
38
152
35
114
7
38
5
37
185
33
129
15
56
6
36
216
31
180
51
36
7
35
245
29
235
55
10
8
34
272
27
296
61
-24
0
Marginal
Cost
Profit (or
loss)
-35
Step Three: Calculate the marginal revenue, marginal cost, and profit for each quantity level. Fill in
the data table. Use the Case Study presentation at the bottom of the lesson page in 3.05 for step by
step instructions on how to calculate your figures.
Step Four: Create a graph of the data. Quantity is along the x-axis and price is along the y-axis. Graph
the marginal revenue curve and the marginal cost curve. You can create your graph by drawing it on
paper, then take a picture of it or scan it to your computer.
Copy and paste your graph here.