ECO101H1 Lecture 10: Week 10 ch13, 14, 15
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In the given tables, what is the profit at quantity of 6?
Price |
Quantity |
Total Revenue |
Total Cost |
Total Variable Cost |
5 |
1 |
5 |
4 |
2 |
5 |
2 |
10 |
6 |
4 |
5 |
3 |
15 |
9 |
7 |
5 |
4 |
20 |
14 |
12 |
5 |
5 |
25 |
22 |
20 |
5 |
6 |
30 |
32 |
30 |
In the given tables, what is the profit at quantity of 4?
Price |
Quantity |
Total Revenue |
Total Cost |
Total Variable Cost |
5 |
1 |
5 |
4 |
2 |
5 |
2 |
10 |
6 |
4 |
5 |
3 |
15 |
9 |
7 |
5 |
4 |
20 |
14 |
12 |
5 |
5 |
25 |
22 |
20 |
5 |
6 |
30 |
32 |
30 |
Would the firm produce more than 5 units given the table?
Price |
Quantity |
Total Revenue |
Total Cost |
Total Variable Cost |
5 |
1 |
5 |
4 |
2 |
5 |
2 |
10 |
6 |
4 |
5 |
3 |
15 |
9 |
7 |
5 |
4 |
20 |
14 |
12 |
5 |
5 |
25 |
22 |
20 |
5 |
6 |
30 |
32 |
30 |