economics table
Use the “ Economics Table”(attach below) to calculate the total revenue, total costs, average revenue, marginal revenue, and marginal/average costs.
Construct a graph that shows the total revenue, total costs, and total profit as a function of the number of wells in operation.
Construct a graph that shows the average revenue, marginal revenue, and marginal/average costs as a function of the number of wells in operation.
Answer the questions attached below.
