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    Price: 3.9
    MR: 3.0
    TR: ?
    Q: 200
    TC: 740
    MC: 2.9
    ATC: ?
    AVC: 3.2

    How do I work out the ?
    I think TR is PxQ so 780
    but I don't understand how MR is calculated and MC, ATC and AVC
    Please help!
    Many thanks
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    (Original post by snoopyx)
    Price: 3.9
    MR: 3.0
    TR: ?
    Q: 200
    TC: 740
    MC: 2.9
    ATC: ?
    AVC: 3.2

    How do I work out the ?
    I think TR is PxQ so 780
    but I don't understand how MR is calculated and MC, ATC and AVC
    Please help!
    Many thanks

    I failed this quiz 5/9. ****ty thing is that I don't know what I got wrong.
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    I thought this meant monopoly as in the game and I got really excited DAMN.
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    This has nothing to do with Monopoly. Don't ever waste my time again.
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    total revenue is price times quantity

    not sure what the atc stands for cant figure it out without a hint please
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    (Original post by snoopyx)
    Price: 3.9
    MR: 3.0
    TR: ? = Price*Quantity = 780
    Q: 200
    TC: 740
    MC: 2.9
    ATC: ? = TC/quantity = 740/200
    AVC: 3.2

    How do I work out the ?
    I think TR is PxQ so 780
    but I don't understand how MR is calculated and MC, ATC and AVC
    Please help!
    Many thanks
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    (Original post by snoopyx)
    Price: 3.9
    MR: 3.0
    TR: ?
    Q: 200
    TC: 740
    MC: 2.9
    ATC: ?
    AVC: 3.2

    How do I work out the ?
    I think TR is PxQ so 780
    but I don't understand how MR is calculated and MC, ATC and AVC
    Please help!
    Many thanks
    Edit: Should've read the question.

    But yeah for ATC, AVC or AFC or A anything else, just think about what "average" means. It usually refers to the cost/revenue per unit when you're talking about things like this (so, something divided by the quantity).
 
 
 
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Updated: November 28, 2010
Poll
Are you going to a festival?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

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