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Graphs and Charts: Unit 2-Assignment 3-Web Prob 1
Your table should look like this:
|
Q |
TC |
MC |
TR |
MR |
|
1,000 |
$800,000 |
------- |
$1,000,000 |
------ |
|
1,001 |
$802,802 |
$2,802 |
$1,001,600 |
$1,600 |
The TC entry of 808,802 = 1,001 x 802
The TR entry of 1,001,600 = 1,000,000 + 1,600.
So what is the answer to the question? No, do not fill the order because the MC ($2,802) exceeds the MR ($1,600).
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