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Student Name: DljhfJr VT)V\A Complete the following question in the spaces provided. The following are cost and revenue data for the Ruby Ring Store If the company charges this price per ring It will sell this many rings per week

$ 5.00 4.50 4.00 3.50 3.00 2.50 2.00

0 150 300 450 600 750 900

The company's fixed costs are $300 per week and its variable costs are shown in the following table:

Q

0 150 300 450 600 750 900

a) b) c) d) e) f)

FC 300

vc

0 850

1550 2050 2500 3100 4300

TC

AVC

AC

MC

300

Und

366

3>QD

U5Cs

lt>50

loo

IGQ loo

ICffl

^3S6

2^00

5 -JL

M.Z

s~±

iU

M-\

uncK ^.2

3L±

S-Z

^-^

q.i

3-S 3

t35

o

TR

MR

Profit -300

Ho

3-5

3Ho(N

M6h6

!dbJ

M-

4^3 s

H

\1^5

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1ZOG \5T-S

-^5 - fcSO

Z-5 l-S

-^5

- 1006

5. \

L

a<^

0-5

-0-5

: IS 25

-2Xo6

Complete the eight remaining columns in the table above. Place the marginal cost and marginal revenue answers on the line between quantities. Graph the AVC, AC, MC, AR, and the MR curves on the attached Graph Paper. How much output will be produced? What is the profit at this level? What type of competition is this?

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- BU111 Lectures 1 10
- CP104 Lecture Notes
- BU 111 Course Models (First Midterm)
- Lectures 1-10 BU111
- CP104 Lecture Notes
- Course Models (First Midterm)
- Economics Unit 7 Notes
- Elasticity
- Economics Homework
- calculus review
- economics notes
- Travel Advisories
- calculus Unit 3 review
- southwest airlines
- Calculus Unit 2 Test
- Calculus Unit 1 Test
- trade restrictions
- importance of trade to canadians
- Calculus Homework
- p 201 calc homework
- calculus p145
- p138
- Economics Notes
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