Try another version of this question The table below shows data for the production of avocados for an individual firm operating in a perfectly competitive market. Given this data, complete the table:
At what quantity does this firm maximize its profit? NOTE: If there are two quantities with the same level of profits, pick the larger of the two quantities! What is marginal revenue at the profit maximizing quantity? NOTE: If there are two quantities with the same level of profits, pick the larger of the two quantities! What is marginal cost at the profit maximizing quantity? NOTE: If there are two quantities with the same level of profits, pick the larger of the two quantities! Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 4: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 5: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 6: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 7: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 8: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 9: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 10: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 11: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 12: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 13: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 14: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 15: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 16: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 17: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 18: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 19: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 20: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 21: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 22: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 23: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 24: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 25: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 26: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 27: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 28: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 29: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172Quantity of avocados Total Revenue Total Costs 0 0 10 10 50 30 20 100 40 30 150 60 40 200 90 50 250 130 60 300 180 70 350 240 80 400 310
Quantity of avocados
Marginal Revenue (MR)
Marginal Costs (MC)
Profit
0
-
-
10
20
30
40
50
60
70
80
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Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity