ADMS 2610 Lecture Notes - Lecture 3: Newfoundland Act, Canadian Charter Of Rights And Freedoms, Manitoba Act
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24 Dec 2015
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Use the table below to calculate the marginal revenue.
Price |
Quantity Demanded |
Total Revenue |
5 |
0 |
0 |
4.5 |
1 |
4.5 |
4 |
2 |
8 |
3 |
3 |
9 |
3 |
4 |
12 |
2.5 |
5 |
12.5 |
2 |
6 |
12 |
1.5 |
7 |
10.5 |
1 |
8 |
8 |
0.5 |
9 |
4.5 |
0 |
10 |
0 |
use the demand schedule to calculate total revenue and marginal revenue at each quantity.
Price (P) | Quantity Demanded (Q) |
7 | 0 |
6.5 | 1 |
6 | 2 |
5.5 | 3 |
5 | 4 |
4.5 | 5 |
4 | 6 |
3.5 | 7 |
3 | 8 |
2.5 | 9 |