Economics Homework Help

Quantity ofOutput TotalCost Average TotalCost MarginalCost Price TotalRevenue MarginalRevenue Profit/Loss 0 75 — — — 0 — -75 1 220 220 145 150 150 150 -70 2 305 152.5 85 150 300 150 -5 3 370 123.33 65 150 450 150 80 4 400 100 30 150 600 150 200 5 440 88 40 150 750 150 310 6 520 86.67 80 150 900 150 380 7 630 90 110 150 1050 150 420 8 810 101.25 180 150 1200 150 390 9 1100 122.22 290 150 1350 150 250 10 1500 150 400 150 1500 150 0