A company has a linear total cost and a linear total revenue, where the slope of the revenue line is greater than the slope of the cost line. How many of the following will allow the firm to reduce the level of their break-even point? (i) Increase their selling price (ii) Increase their output (iii) Increase their fixed costs (iv) Decrease variable costs   a.Four b.One c.Two d.Three e.None

Q: An ice cream shop owner is deciding whether or not to keep her ice cream shop open during the…

A: Fixed costs are defined as the costs incurred at the time of setting up of the business such as…

Q: Jasmine decides to make and sell jelly cups. It costs jasmine Rs.1000 to set up and Rs.50 per cup…

A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Mark is opening an ice cream stand. He believes the fixed cost per week of running the stand is…

A: All the information is provided in the following table and formula used are as follows : Fixed Cost…

Q: Rasiah's Garden of fruit is a firm selling fruits in a perfectly competitive market. Total fixed…

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

Q: Firms experience a break even point when a. Total revenue is greater than total cost b. Marginal…

A: In break-even, total revenue is equal to total cost (= variable cost + fixed cost), so the firm…

Q: Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 33,(x+9),…

A: Given  Marginal revenue = 900 Marginal cost = 33√(x+9) X = 5units. Profit(π) = Total revenue- Total…

Q: If the firm produces 4 units of production at a price of 8 monetary units each, and the total fixed…

A: The difference between total cost and total revenue decide whether there is economic profit or…

Q: which of the following statement is true? (choose one letter only) a. the Marginal Revenue is the…

A: Marginal revenue and marginal cost are basis of profit maximisation.

Q: d. Marginal revenue exceeds marginal cost at the current output level. e. Price exceeds average…

A: D. When the marginal revenue is greater than the marginal cost, the production of the firm will…

Q: 1. Diminishing returns happen when the firm adds more amount of a variable input, it should also…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Consider the concepts of accounting profit and economic profit.  Suppose you are a consultant and…

A: Profit is the surplus value that is generated in a process of production, which usually accrues to…

Q: profit-maximizing firm in a competitive market is currently producing 100 units of output. It has…

A: Profit maximization is a process business firms undergo to ensure the best output and price levels…

Q: Maximizing profit. For Exercises 23-28, find the maximum profit and the number of units that must be…

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

Q: DISCUSSION QUESTIONS (S) . 2400- (S). (5) TR Make a rough sketch of the graph in your notes, and…

A: Profit maximization in economics refers to the short-run or long-run process by which a firm…

Q: Suppose a car firm's marginal revenue of selling a car is $2,100 and marginal cost of producing a…

A: Given:  Marginal Revenue of selling a car = $2100 Marginal Cost of producing a car = $2150

Q: A firm's profit function is A(a) = R(q) - C(a) = 160q - (410 + 40g + 10q²). What is the positive…

A:

Q: Round the answers to 2 decimal places. Travis Scott spent x thousands of dollars on advertising and…

A: a) To find the maximum revenue, we need to find first-order differentiation, set it equal to 0 to…

Q: The value of Marginal revenue is $40 and the value of marginal cost is $30. Is the firm maximizing…

A: Given : The value of Marginal revenue is $40 and the value of marginal cost is $30.

Q: Doug produced 100 donuts but only sold 90 of them. The average cost of production for each donut was…

A: Demand curve represents a negative relationship between price and quantity demanded. Increase in…

Q: A purely competitive firm finds that the market price for its product is $20.00. It has a fixed cost…

A: Given : Market price=$20 Fixed cost=$100 Variable cost for first 50 units= $15 Variable cost for…

Q: A sells one of its products for $48 each. The monthly fixed costs are $3000. The marginal cost of…

A: Total cost is the total expenditure done by the producer in the production process. There are two…

Q: A manufacturer of electric switches in a competitive industry has a fixed monthly cost of $50,000,…

A: Fixed monthly cost = $50000 Monthly variable cost = $100000 MC= $5 Monthly production = 100000 units

Q: On a per unit basis economic profit can be determined as the difference between:    a. Marginal…

A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…

Q: A) What should a firm do if it realizes that its marginal revenue is more than its marginal cost? b)…

A: The marginal revenue refers to the additional revenue earned on selling an additional unit of…

Q: Use for questions 1 - 3: The Burr Corporation's total cost function is TC 200 4Q +2Q2 МС %- 4+4Q АС…

A: The output level can be determine where AC equals MC. In a perfectly competitive market, MC will be…

Q: Your food - services company has been named as the sole provider of meals at a small university. The…

A: A single good seller is a monopoly which maximizes profit by producing at MR =MC

Q: Indicate on the graph the areas that represent Total Revenue, Total Cost, and Profit. a. When P>ATC…

A: The different types of costs used by the firms to gauge their profitability are total cost, marginal…

Q: A competitive firm faces the following market price: P=200. Variable costs are C(Q)=Q^2. The firm…

A: Total cost is the sum of fixed cost and variable cost. Sunk costs are fixed costs which cannot be…

Q: Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup…

A: Selling price per meal = $14 Markup price on each meal = $5 Overhead expenses = 19% of cost

Q: Define the term Unit-Profit?

A: The profit that is earned per unit of the output is known as Unit-Profit. Clearly, the profit that a…

Q: the average variable cost curve. the marginal cost curve. the average fixed cost curve. the marginal…

A: A natural monopoly firm experience economies of scale, i.e., a decrease in ATC as output increases.…

Q: Do operating strategies of average cost minimization and profit maximization always lead to…

A: Average cost reduction and profit maximization are operating techniques that provide comparable…

Q: Explain manufacturing firms should use demand leading instead of demand trailing capacity strategy.

A: A lead limit technique (lead request procedure) is a proactive methodology that adds or takes away…

Q: Economic profit is frequently * greater than total revenue. defined as total revenue minus total…

A: Accounting profit refers to the total revenue that remains after paying all the explicit costs of…

Q: (A) Comment on marginal revenue and marginal cost values when it is given that marginal profit is 0.…

A: Profits are the excess of revenue receipts over the costs incurred by the firm. A firm earn revenue…

Q: Which of the following definitions is correct? Economic profit accounting profit - implicit costs…

A: An economic profit or loss is the difference between the revenue received from the sale of an output…

Q: A purely competitive firm finds that the market price for its product is $25.00. It has a fixed cost…

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

Q: Solve the attachment

A: The income received by the producers after paying for all the raw materials used to produce the…

Q: (Use for Questions 1 - 3): The Burr Corporation's total cost function is TC 2004Q+2Q2 МС - 4+40 АС…

A: The correct alternative for the aforementioned question is C.

Q: x(q) = R(a)- C(a) = 180g - (665 + 20g + 10g). What is the positive output level that maximizes the…

A: In economics, profit maximization is the short run or long run process by which a firm may determine…

Q: If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a.…

A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…

Q: Last year Bill Bailey quit his $20,000 per year job and invested $200,000 to open the Bargain…

A: Economic profit takes into consideration all revenue items and cost items and also the opportunity…

Q: 35. Economic profit is equal to total revenue minus all implicit costs. a. True b. False

A: According to the given question the - Economic profit is equal to total revenue minus all implicit…

Q: A publisher for a promising new novel figures fixed costs​ (overhead, advances,​ promotion, copy​…

A: We are going to solve for break-even point to answer this question.

Q: Marginal revenue and marginal cost are same. This means that the firm is at minimum level of profit.…

A: # we know that a firm maximizes profit at the level when the marginal profit are zero and this…

Q: TRUE OR FALSE 1. A firm suffering loss in the short run will continue to operate as long as total…

A: Revenues are the most important element that helps the business organization running for a long…

Q: Which of the following definitions is correct? Economic profit accounting profit - implicit costs…

A: An economic profit or loss is the difference between the revenue received from the sale of an output…

Q: The sole proprietor of the bookstore receives all accounting profits earned by her firm and a…

A: Economic profit refers to the additional profit after subtracting the opportunity cost from the…

Q: Your food-services company has been named as the sole provider of meals at a small university. The…

A: sold per day price per meal($) total fixed cost($) total variable cost($) total revenue($) 0 3.50…