14 12 14 b. What is true about marginal revenue and marginal costs when profit is maximized? c. What would be the profit-maximizing level of output if price fell to $9?

Q: Please answer #3e,f and g please.

A: (e) The graph below shows the ATC, AVC, MC and MR curve for the competitive firm. Quantity…

Q: What output level should the firm produce to maximize profits and what are the profits at this…

A: Answer : Demand is given by q = 100 – 2P. Inverse demand is 2P = 100 – q or P = 50 – 0.5Q. Marginal…

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Q: 3. The demand function for Product X is Q = 100 – 2P. The company decided to set the price per…

A: As given Q=100-2P which gives  P=100-Q2P=50-0.5Q Hence, Total Revenue…

Q: (Figure: Profit Margin 3) JoJo's company data is in the graph below. JoJo would earn a positive…

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Q: commission's ruling on the profitability of the firm? 15 A company estimates that the demand for its…

A: Answer: Given, Demand function: q=280,000-400pLet us convert the above demand function into inverse…

Q: 1. The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a…

A: Profit can be calculated by subtracting the total cost from total revenue. This can be written as…

Q: 1. The ëstimated demand curve för a firm's product is represented by the equation: Q = 66000 – 10P…

A: Given, Demand function: Q = 66,000-10P                               P = 66,000 - Q10…

Q: 21. Sandy owns a firm with annual revenues of $1,000,000. Wages, rent, and other costs are $900,000.…

A: a. Accounting profit can be calculated as follows: Accounting profit=1,000,000-900,000=100,000…

Q: he market demand for a product is Q = 2500 – 400P - 0.11, where P i ne price per unit of a product,…

A: The marginal revenue refers to the change in the total revenue one additional unit of output is sold…

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Q: 3.2 If a firm's cost function is C(q) = 65+ 35q + q². What level of output, q, should it choose to…

A:

Q: For problems 1 – 4: The Dolan Corporation, a maker of small engines, determines that in 2019 the…

A: Solution-

Q: 17) What does a firm that exits its market still have to pay? A. its fixed costs B.…

A: Market   A market basically refers to a place where different sellers and consumer comes in contact…

Q: (a) Assume the firm produces 16 units. Will the firm's economic profit be positive, negative, or…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: A company is considering building a bridge across a river. The bridge would cost $2 million to build…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 subparts per…

Q: Equilibrium Point Yaster Cookware is planning to introduce a new line of cast-iron pans. A marketing…

A: Given Demand and supply schedule: x  p=D(x) p=S(x) 984 410 21 2140 220 77 2940 143 108…

Q: Suppose that the unit price of a commodity of firm X is defined by: P- 90 - Q and the total cost of…

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Q: Refer to Figure 13.1. Here AR or Price is represented by the line D. If the government regulates…

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Q: 45 40 35 30 ATC MC 20 15 10 MR D 1 6. 7 Quantity 1. What is the profit-maximizing output and price?…

A: Answer: (1). According to the above figure, the equilibrium occurs at point E. The equilibrium…

Q: End of Appendix Problem A university's students have demand for credit hours given by q = 30 -0.04p,…

A: According to the question Demand function is given as Q = 30 – 0.04p Q – 30 = -0.04p 30 – q  = 0.04p…

Q: Suppose that demand is given by P = 1200 - Q and all firms have constant marginal cost of 800 per…

A: Demand function: P = 1200-Q MC =800 After innovation MC* =200 In order to find out the price to…

Q: What is four conditions of competitive market in shipping industry ?

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Q: 3. Suppose there is a firm that is producing goods x and goods y. The current revenue for the firm…

A: optimal quantity of production is determined when MR=MC . This condition is used to determine the…

Q: 10. Suppose in a market that market demand is od - 100 - P and market supply is Qd = 3P. If the…

A: In a competitive market, price is constant so it is equal to marginal revenue. Profit is maximized…

Q: 13) The cobalt mining company is perfectly competitive. Each existing firm and every potential…

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Q: 3. The functions determining weekly supply and demand of a product are as follows: TC = 6,404,000 –…

A: Total Cost(TC)=6,404,000-1240Q+0.155Q^2   a) i) Marginal cost is the additional cost incurred when…

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Q: 3-) Suppose that a fürm sells its product in two seperable markets. The demand equations are Q1 =…

A: Given:- (Demand equations)- Q1=100-P1                                   Q2=50-0.25P2 Total cost…

Q: 1. Explain the relationship between price, marginal revenue and average revenue for a perfectly…

A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

Q: 13. A firm operating in a perfect market maximizes its profit by adjusting Its output price until it…

A: A perfectly competitive market refers to the market structure in which there are many buyers and…

Q: ↑Price MC 23 20 15 ATC 12 10 D 9 12 Quаntity 15 \MR 530

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Q: The Nike accounting firm analyzes the price-demand relationship toconclude that x thousand shoes…

A: Marginal revenue(MR) refers to the revenue earned by producing an extra-unit of a commodity(g).…

Q: 1. Assuming that the product's price is P58 per pack, should the competitor sell in the short-run…

A: "Since you have asked multiple parts, we will answer only the first part for you. If you have any…

Q: 3. Assume a firm is facing the market demand curve: q function is: c(q) = 2q². a. What is the firm's…

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

Q: Given that MR = P*(1 + 1/Ep) = P*((Ep+1)/Ep) where Ep is the price elasticity of demand, if marginal…

A: Profit is maximized at the level of output where the marginal revenue equals the marginal cost. It…

Q: Price and cost MC ATC AVC $40.50 36.00 MR 30.00 22.00 20.00 130 180 240 Quantity Suppose the Price…

A: As given in the question:-

Q: 1. The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a…

A: Profit function can be written as  π = Total revenue - Total Cost

Q: 3. Assume that you are an economic consultant. The firm that hired you has provided the information…

A: Here, the information related to price, quantity and cost of a  firm is given by the economic…

Q: 360 315 270 225 180 135 90 45 S SMC MR D 0 1500 4500 7500 10500 The figure above shows the demand…

A: Profit maximizing or loss minimizing output is produced where MR=MC.

Q: 12. Suppose the government pays universities a S1000 subsidy for every student enrolled. Students…

A: Following are the given information in the question: *The amount of government subsidy = $1000…

Q: 3. What is the maximum profit for the price(s)you listed for Question 12?

A: The profit maximizing firm produces and sell output at the point where the marginal revenue is equal…