Table : TABLE 7-2 Short-Run Costs for Noelle’s Farm
Quantity of
trees Q
Variable cost
VC
Total cost
TC
Marginal cost
of tree
MC = ΔTCQ
Marginal
revenue
of tree
MR
Net gain
of tree =
MRMC
0 $0 $140
$16 $18 $2
10 160 300
6 18 12
20 220 360
8 18 10
30 300 440
12 18 6
40 420 560
16 18 2
50 580 720
20 18 −2
60 780 920
24 18 −6
70 1,020 1,160