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1.    Suppose you are given the following table: (Picture of data attached for easier readability)

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 Trace the demand and M.R. curves. How would you describe this relationship?



Suppose you are given the following table: 

Output Price Total Cost Total Revenue Marginal Revenue Marginal Cost ATC Profit/Loss (P-ATc)

0 150 100 0 0 - - -100 -

1 138 150 138 138 50 150 -12 -12

2 125 184 250 112 34 92 66 33 

3 113 208 339 89 24 69.333 131 43.667

4 100 227 400 61 19 56.75 173 43.25

5 88 250 440 40 23 50 190 38

6 75 280 450 10 30 46.667 170 29.333

7 63 318 441 -9 38 45.429 123 17.571

8 50 366 400 -41 48 35.75 34 4.25

9 38 425 342 -58 59 47.222 -83 -9.222

10 25 500 250 -92 75 50 -250 -25

Screen Shot 2018-04-01 at 3.03.13 PM.png

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