Question

Output Price (Suits per Total Total Cleaned) Suit ($) Costs ($) Revenue ($) MC ($) MR ($) 8.00 3.00 7.50 6.00 1.50 7.00 8.50 6.50 10.50 19.50 0.00 2 3 4 14.00 6.00 11.50 24.00 □ □ 5.50 13.50 27.50 5.00 16.00 30.00 4.50 19.0031.50 4.00 24.00 8 32.00

Answer 1

Output(Q)	P($)	TC($)	TR($)=P*Q	MR($)=∆TR/∆Q	MC($)=∆TC/∆Q
0	8.00	3.00	0.00	-	-
1	7.50	6.00	7.50	7.50	3.00
2	7.00	8.50	14.00	6.50	2.50
3	6.50	10.50	19.50	5.50	2.00
4	6.00	11.50	24.00	4.50	1.00
5	5.50	13.50	27.50	3.50	2.00
6	5.00	16.00	30.00	2.50	2.50
7	4.50	19.00	31.50	1.50	3.00
8	4.00	24.00	32.00	0.50	5.00