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(10 marks: 1 mark each) For the following graph, assume that the following numbers are associated...

Question:

(10 marks: 1 mark each) For the following graph, assume that the following numbers are associated with the letters shown. A=$ Marginal Cost $ Price $ Average Total Cost Total Revenue Total Costs $ Profit or (Loss) per Unit $ Total Profit or (Loss)

(10 marks: 1 mark each) For the following graph, assume that the following numbers are associated with the letters shown. A= $15 MC B= $11 ATC N C=$8 Dollars H K B Demand C E= 10,000 MR L= 12,000 0 E LM Quantity M=13,000 A. Based on the Chart & Numbers above, complete the table below. Input only numbers: At the profit-maximizing quantity: Quantity $ Marginal Revenue $ Marginal Cost
$ Marginal Cost $ Price $ Average Total Cost Total Revenue Total Costs $ Profit or (Loss) per Unit $ Total Profit or (Loss)

Answers

At the pofit-maxine xinuting Quantity 1oooo i Quaunty 8 14 fios marginal levering (60marginal bosh & 8 Price $ 15 ll (V) Averprice will alionys higher than HR P>MR n at point J IP = $15] Total Revenue = P Q = 1150 110000) 150000 $150000 Total cost Qu

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