Economics

  1. Home
  2. Education
  3. Economics

Marginal Revenue and Marginal Cost Practice Question

By Mike Moffatt, About.com

1 of 6

Marginal Revenue and Marginal Cost Practice Question

Marginal Revenue and Marginal Cost - 1

Marginal Revenue and Marginal Cost Data - Image 1

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.

Explore Economics

About.com Special Features

Economics

  1. Home
  2. Education
  3. Economics
  4. Macro, Micro, Other Fields
  5. Microeconomics
  6. Costs, Scale, and Timing
  7. Cost Structure
  8. Marginal Revenue and Marginal Cost Practice Question

©2009 About.com, a part of The New York Times Company.

All rights reserved.