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[solution] » Hello Larima, can you please take a look at this and let me know.

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Hello Larima, can you please take a look at this and let me know.
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Hello Larima, can you please take a look at this and let me know. Thank you


Perfect Competition

 

Number of Units Sold

 


 

Total Revenue Marginal Revenue

 


 

Unit price =

 

Marginal Cost

 


 

Total Cost

 


 

0

 

1

 

2

 

3

 

4

 

5

 

6

 


 

$12.00

 

$10.00

 

$8.00

 

$6.00

 

$4.00

 

$2.00

 

$0.00

 


 

Less-than-Perfect Competition

 

Number of Units Sold

 

Total Revenue Marginal Revenue

 

0

 

1

 

2

 

3

 

4

 

5

 

6

 


 

Marginal Cost

 


 

Total Cost

 


 

1

 


 

2

 


 

1

 


 

2

 


 

$12.00

 

$10.00

 

$8.00

 

$6.00

 

$4.00

 

$2.00

 

$0.00

 


 

$12.00

 

$10.00

 

$8.00

 

Marginal Revenue

 

Marginal Cost

 


 

$6.00

 

$4.00

 

$2.00

 

$0.00

 


 

1

 


 

2

 


 

3

 


 

4

 


 

5

 


 

6

 


 

$12.00

 

$10.00

 

$8.00

 

Marginal Revenue

 

Marginal Cost

 


 

$6.00

 

$4.00

 

$2.00

 

$0.00

 


 

1

 


 

2

 


 

3

 


 

4

 


 

5

 


 

6

 


 

 







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