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(Solved): The table below shows the total cost (TC) and marginal cost (MC) for Baker Streel, a perfectly comp ...




The table below shows the total cost (TC) and marginal cost (MC) for Baker Streel, a perfectly competitive firm producing dif
The table below shows the total cost (TC) and marginal cost (MC) for Baker Streel, a perfectly competitive firm producing different quantities of apple ples. The market price of apple ples is \( \$ 1200 \) per ple. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Instructions: Round your answers to two decimal places. Instructions: Enter your answers as a whole number. b. Al the market price of \( \$ 12.00 \) per apple pie, how many apple ples should Baker Street make? apple pies c. If the market price for apple ples were to rise to \( \$ 14.00 \) per apple ple, how many apple pies should Baker Street make? apple ples


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Quantity TR MR AR TC MC 15 15*$12=180 - 180/15=12 $155 $9 20 $240 (240-180)/(20-15)=12 240/20=12 197.50 8.50 25 3
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