Question answer quickly Farmer Jones grows oranges in Florida. Suppose the market for oranges is perfectly competitive and that the market price for a crate of oranges is $10 per crate.Fill in total revenue, average revenue, and marginal revenue in the table below. (Enter your responses as integers.)AverageRevenue(AR)MarginalRevenue(MR)Crates ofMarket PriceTotal RevenueOranges(per crate)(TR)$101010310410510

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Transcribed Image Text: Farmer Jones grows oranges in Florida. Suppose the market for oranges is perfectly competitive and that the market price for a crate of oranges is $10 per crate.Fill in total revenue, average revenue, and marginal revenue in the table below. (Enter your responses as integers.)AverageRevenue(AR)MarginalRevenue(MR)Crates ofMarket PriceTotal RevenueOranges(per crate)(TR)$101010310410510
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Transcribed Image Text: Farmer Jones grows oranges in Florida. Suppose the market for oranges is perfectly competitive and that the market price for a crate of oranges is $10 per crate.Fill in total revenue, average revenue, and marginal revenue in the table below. (Enter your responses as integers.)AverageRevenue(AR)MarginalRevenue(MR)Crates ofMarket PriceTotal RevenueOranges(per crate)(TR)$101010310410510
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Step 1we can fill the table by calculating the TR , MR , AR  which are as follow-Step 2Crates of Oranges Market Price ( Per Crate)Total Revenue (TR)       (P x Q)Average Revenue                 (AR) (Total Product /Q)Marginal Revenue               (MR)( TPn - TPn-1 )0$10         0  1$10         10  ( 10 x 1)       10  (10/1)10 (10-0)2$10         20  (10 x 2)       10  (20/2)10 (20-10)3$10         30  ( 10 x 3)       10  (30/3)10  (30-20)4$10      &#16 ... See the full answer