Calculate marginal revenue & marginal cost for each quantity

Reference no: EM13231252

Quantity 0 1 2 3 4 5 6 7
Total cost8 9 10 11 13 19 27 37
Total Rev0 8 16 24 32 40 48 56

1.) Calculate marginal revenue & marginal cost for each quantity

2.) Can you tell whether this firm is in a competitive industry and if the industry is in a long-run equilibrium?

Reference no: EM13231252

Questions Cloud

Calculate manufacturing cost and selling price for turbine : a manufacturer of small hydraulic turbine has the annual cost data given below. calculate the manufacturing cost and the selling price for turbine. raw material and components cost $2150000 otal annual sales: 60 unit profit margin:15% plant overhead:..

Why did european powers scramble to claim parts : Why did European powers scramble to claim parts of Africa starting in the 1870s? What developments allowed them to assert their power over Africans?

What forces challenged liberalism : The First World War destabilized European politics, undermining liberalism across Europe. What forces challenged liberalism, and how did they attempt to reshape society?

What is the upper bound of an array in c++ : what is the upper bound of an array in C++

Calculate marginal revenue & marginal cost for each quantity : Total Rev0 8 16 24 32 40 48 56 1.) Calculate marginal revenue & marginal cost for each quantity 2.) Can you tell whether this firm is in a competitive industry and if the industry is in a long-run equilibrium

Larger and stronger persian empire : What are some of the major factors that contributed to the Greek victories over the larger and stronger Persian Empire? What were the long-term consequences of the Persian's defeat by the Greek city states?

What general advice should a public relations professional : What general advice should a public relations professional consider in working with a lawyer?

Discuss similarities and differences among organization : Discuss the similarities and differences among the organization, group, and job levels in open systems theory.

Significant philosophers during the hellenic period : Who were some of the most significant philosophers during the Hellenic period, and what were some of the key elements of their philosophy?

User Account

All Pages