Several years ago, schoolchildren began mailing the Styrofoam containers from McDonald’s meals they had purchased back to McDonald’s headquarters. The schoolchildren wanted McDonald’s to stop using Styrofoam and instead use biodegradable packaging, which the company did. From an economic perspective, the schoolchildren were pressuring McDonald’s to

Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the fifth unit of output is $___

If the marginal costs exceed marginal revenue, the firm

Table 1.2 Total Output (Q) Total Cost(TC) 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Average total cost (ATC) at 40 units of output is $___

Table 1.2 Total Output (Q) Total Cost(TC) 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Average total cost (ATC) at 20 units of output is $___

Table 1.2 Total Output Total Cost 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Marginal cost (MC) of the 20th unit of output is $___

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Table 1.1 Total Output (Q) Total Cost (TC) 0 1 2 3 4 5 6 7 8 1,000 2,000 2,800 3,500 4,000 4,500 5,200 6,000 7,000 Refer to Table 1.1. Marginal cost (MC) of the sixth unit of output is $___

If the total cost of producing 6 units is $228 and the total cost of producing 7 units is $245, what is the marginal cost of producing the seventh unit?

Table 1.2 Total Output Total Cost 10 20 30 40 50 60 70  2,000 2,900 3,700 4,400 5,000 6,200 6,000   Refer to Table 1.2. Marginal cost (MC) of the 50th unit of output is $___