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30 Oct 2020
From the given table identify the quantity at which profit is maximised and identify average cost.
Price
Quantity
Total Revenue
Total Cost
Total Variable Cost
5
1
5
4
2
5
2
10
6
4
5
3
15
9
7
5
4
20
14
12
5
5
25
22
20
5
6
30
32
30
From the given table identify the quantity at which profit is maximised and identify average cost.
Price |
Quantity |
Total Revenue |
Total Cost |
Total Variable Cost |
5 |
1 |
5 |
4 |
2 |
5 |
2 |
10 |
6 |
4 |
5 |
3 |
15 |
9 |
7 |
5 |
4 |
20 |
14 |
12 |
5 |
5 |
25 |
22 |
20 |
5 |
6 |
30 |
32 |
30 |
Paramjeet ChawlaLv8
30 Oct 2020