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Calculate total revenue-marginal cost

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Reference no: EM132129999

Microeconomics and Macroeconomics 

Assume that a firm in a competitive market can sell its product for $35 (ie price per unit of output). Futhermore, it faces the following costs:

Output (Q) Total Cost

 0 25

 1 50

2 100

3 120

4 155

5 190

6 250

7 390   

Calculate Total revenue (TR), Marginal Cost (MC), Fixed Cost (FC), Variable Cost (VC) and Average Cost (AC).

Reference no: EM132129999

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