Pete’s electronics is a small company that produces 8 gigabyte flash drives in a perfectly competitive market. the market price for 8 gigabyte flash drives is $15 each._____________.
a. Complete the table below with the total revenue (TR), marginal revenue (MR), and average revenue (AR) for Pete’s Electronics.
b. b. Draw the marginal revenue (MR) and average revenue (AR) curve for Pete’s Electronics for quantities 10 to 60.