Question

Text Problem 25-5 Question Help The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store's total revenue, total profit, marginal revenue and marginal costat each level of output, beginning with the first unit (Enter all values rounded to the nearest penny.) Total Revenue ($) Marginal Revenue ($) Marginal Cost ($) Output Profit ($) Price per Book ($) 5.75 5.50 5.25 5.00 4.75 4.50 4.25 4.00 Total Costs (5) 4.00 7.25 9.50 11.60 14.10 OOOOOOO 0000000 17.60 JLJNO 21.75 26.50 Enter your answer in the edit fields and then click Check Answer. 1 part Check Answer Clear All 1 remaining

Answer 1

Output	Price per Book ($)	Total Cost ($)	Total Revenue ($)	Total Profit ($)	Marginal Revenue ($)	Marginal Cost ($)
0	5.75	4	0	-4	0	4
1	5.50	7.25	5.5	-1.75	5.50	3.25
2	5.25	9.50	10.5	1	5.00	2.25
3	5.00	11.60	15	3.4	4.50	2.10
4	4.75	14.10	19	4.9	4.00	2.50
5	4.50	17.60	22.5	4.9	3.50	3.50
6	4.25	21.75	25.5	3.75	3.00	4.15
7	4.00	26.50	28	1.5	2.50	4.75