You've been hired by Nexreg Compliance
to calculate measures of costs and revenue. Given the data they have provided you with (see table), compute the following:
- Total Revenue (TR) at each Quantity (Q) level
- Marginal Revenue (MR)
- Marginal Cost (MC)
- Profit at every quantity level
- Fixed Costs
We will go through this problem step-by-step to answer those 5 questions.