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lectur24-page10

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

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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 =
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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...
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