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Pearl owns a company that produces Super Toys.  The table above shows that Pearls’ Fixed Cost is $3000.00 Answer

WINTER 2010
Labor Output Total Cost Marginal Average Total Revenue  
  (TC) Cost (MC) Cost P=125  
Pearl owns a company that produces Super Toys.  The table above shows that       
Pearls’ Fixed Cost is $3000.00. Pearl pays $1,250 for each unit of labor. Marginal       
and Average Costs of production are show n in the table. If Pearl conducts       
business in a Perfectly Competitive Market where the price of each toy sold is       
$125.00:       
What is Pearl’s Marginal Revenue for each additional unit of Super Toy sold? 

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