lectur24-page10

lectur24-page10 - ($27,110) Let's take another look at MR...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Is this his TOTAL economic loss ? Let's see. TR = TR 1 - TR 0 = $300,000 - $150,000 = $150,000 TVC = TVC 1 - TVC 0 = $307,110 - $130,000 = $177,110 TNR = TR - TVC = $150,000 - $177,110 =
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ($27,110) Let's take another look at MR and MC MR = (TR 1- TR ) / (Q 1-Q ) = ($300,000 - $150,000) / (100,000 - 50,000) = $150,000 / 50,000 = $3.00 / bushel...
View Full Document

This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

Ask a homework question - tutors are online