Cost Exercise: CALCULATE THE FOLLOWING:

Cost Exercise:

CALCULATE THE FOLLOWING:

(1) Total Revenue,

(2) Total Variable Cost,

(3) Profit before Fixed Costs,

(4) Average Price,

(5) Marginal Revenue,

(6) Marginal Cost,

(7) Maximum Profit,

(8) The Price that delivers Maximum Profit, and

(9) The Value of MR & MC when they are equal

• Attachment 1
• Attachment 2