Calculating demand-marginal revenue-average total costs

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Reference no: EM133128960

Calculate total average costs for the bookstore in Problem 25-5 . Illustrate the store's short-run equilibrium by calculating demand, marginal revenue, average total costs, and marginal costs. What is its total profit?

Output

Price Per Book

Total Cost

0

6

2

1

5.75

5.25

2

5.5

7.50

3

5.25

9.60

4

5

12.10

5

4.75

15.80

6

4.5

20.00

7

4

24.75

Reference no: EM133128960

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