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April 16, 2014

Homework Help: Microeconomics

Posted by G on Monday, October 6, 2008 at 11:46am.

Am I calculating the Marginal Revenue when you get the quantity for the price of $6,000.00? I get zero?
Is this right?

Quantity=Q
Price=P
Total Revenue-TR
Fixed Cost=FC
Margin Cost-MC
Marginal Renenue=MR

___P_____Q______TR________MC____MR
$8,000|5,000|40,000,000|$1,000|$8,000
$7,000|6,000|42,000,000|$1,000|$2,000
$6,000|7,000|42,000,000|$1,000|0
$5,000|8,000|40,000,000|$1,000|$2,000

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