Calculate the value of profit when total revenue is $450 and total cost is $320

Q: For a juice shop the accounting profit is $780 and the explicit cost is $300 Calculate the total…

A: here we calculate the Total revenue by using the accounting profit and explicit cost so the…

Q: Find total revenue if the price function is  P=4Q-500

A: Given: Price function is: P=4Q-500 Where, P is the price of a good Q is quantity of a good

Q: Total revenue for a dairy firm is $2400 per week The output sold is 80 Calculate price per unit

A: The price of a product is the amount of money required to purchase it. Price is a measure of value…

Q: A bookstore sells 90 textbooks at a price of $70 a book. The average total cost is $50 per textbook.…

A: Given that : Number of textbooks = 90 Price of a book = $ 70 Average total cost = $ 50

Q: f profit for the shoes firm is $400 and the cost is $800 Calculate total reven

A: Total revenue refers to price multiplied by quantity. Total revenue refers to total receipts from…

Q: Find the total profit of firm if total revenue is $800 and total cost is $480

A: The information being given is:- Total revenue = $800 Total cost = $480 We have to calculate profit

Q: Calculate average revenue if output sold is 20 units and total revenue is $250

A: The information being given is:- Output sold = 20 units  Total revenue = $250  We have to calculate…

Q: Find the value of the profit when the total revenue is $65 billion and total cost is $25 billion?

A:

Q: If marginal revenue is $430 and the marginal cost is $320  Find marginal profit

A: According to the above given question, we are given that:- Marginal revenue = $430 Marginal cost =…

Q: Calculate the profits of the first if it is given that the total revenue generated is $60,000 and…

A: Revenue is total amount of income generated by the sale of goods or services , (revenue = Total…

Q: Find economic profit if total revenue is $4000 , explicit cost is $700 and implicit cost is $500

A: The data presented in the question above is:- Total revenue = $4000 Explicit cost = $700 Implicit…

Q: If Total Revenue(TR)=5900Q – 10Q2 and Total Cost(TC)= 2Q3 – 4Q2 + 140Q + 845. Determine the level of…

A: Profit = Total revenue - Total cost

Q: Find average revenue if output is 100 units and total revenue is $2000

A: The information being given to us is:- Total revenue of firm = $2000 Output = 100 units  We have to…

Q: If average cost for Ruby's chocolate production firm is $23 and the output is 1000 units.…

A: The data being presented in the question is:- Average cost for ruby's firm = $23  Output = 1000…

Q: Calculate average revenue when it is given that Total revenue is $70 and output is 5 units

A: Given information is as follows:- Total revenue = $70 Output = 5 units We need to find the value of…

Q: If the firm is maximizing its profits when the price is $12, its total cost is: a) $1200 b) $700…

A: A competitive firm maximizes profit by producing at P=MC

Q: If economic profit is $5000, explicit cost is $1200, total revenue is $7000 Calculate the value of…

A: The given information is as follows:- Economic profit of the firm = $5000 Explicit costs = $1200…

Q: Average Cost falls when a. Marginal cost is greater than average cost b. Marginal cost is equal to…

A: Marginal cost and average cost are derived from the Total cost there is a relationship between the…

Q: If profit is $360 and total cost is $800 Calculate Total revenue

A: According to the above mentioned question, the values are:- Profit = $360  Total cost = $800 We have…

Q: Find the economic profit when the total revenue is 21,000 and the total cost is 14,000?

A:

Q: Implicit cost is $200, explicit cost is $260 and total revenue is $800  Calculate the Economic…

A: The information given to us:- Implicit cost of firm = $200 million Explicit cost of firm = $260…

Q: If total revenue is $300 and output is 10 units Find average revenue

A: According to the above mentioned question, we have:- Total revenue = $300 Output = 10 units  Average…

Q: If total cost is equal to total revenue, then profit is equal to zero. a. True b. False

A: # we know that total profit is given by the difference of total revenue and total cost. And at the…

Q: Profit is maximum when Distance between TR and TC is maximum

A: The firm has objective to maximize the profit level. Some firms might have different objectives over…

Q: Calculate total cost when total revenue is 70,000 and total profit is 5000

A: # The total profit of the firm is given as:- The difference between total revenue and total cost.…

Q: Find total revenue if profit and total cost are $300 and $800 respectively

A: The information being given is:- Total cost = $800 Profits = $300 We need to calculate the value of…

Q: Calculate Total revenue if average revenue is $15 and output is 1000

A: The information being given is:- Average revenue = $15 Output = 1000 We have to calculate the total…

Q: If explicit cost is $300, implicit cost Is $220 and total revenue is $700  Find Economic profit

A: The information being given is:- Explicit cost = $300  Implicit cost = $220 Total revenue = $700 We…

Q: For a juice shop the total revenue is $1000 and the explicit cost is $320 Calculate Accounting…

A: Answer: Accounting profit: accounting profit refers to the difference between the total revenue and…

Q: Find total revenue if the price function is  P=70Q-500

A: Price function is: P=70Q−500 Where, P is the price of a good Q is quantity of a good

Q: The average revenue is defined as Select one: а. The revenue per unit. b. The variable cost per…

A: Total revenue is defined as the revenue earned by a firm by selling all its output.

Q: Suposse a munufacture of widgets has a fixcost of $2500, a variable cost of $30 per widget ans sell…

A: Costs are the expenses that a firm has to incur in its production activities. Revenue, on the other…

Q: Calculate TFC if average fixed cost is $30 and output is 50

A: The information being given is:- Average fixed cost = $30 Output = 50 units  Total Fixed cost = ?

Q: Find average revenue if total revenue is $4400 and output is 22

A: The data presented in the above question is:- Total revenue = $4400 Output = 22  We need to…

Q: The lerner index is 0.3, find the markup over marginal cost.

A: Lerner index is used to measure the monopoly power in the market . And it is positively related with…

Q: Total cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate…

A: The total cost of producing pens = $100 Variable costs of producing pens = $25

Q: Find the marginal profit when the Marginal revenue is $1120 billion and marginal cost is $680…

A:

Q: .. mated cost to construct a 30,000 square foot warehouse is $ (Round to the nearest dollar.)

A: Warehouse, Size x1 => 23000 ft2 Warehouse, Size x2 => 30000 ft2 Cost of x1 => 600,000 Cost…

Q: A firm can produce 100 units per week. I Junits Find the maximum profit.

A: Answer to the question is as follows :

Q: Calculate the value of total revenue if total cost is $6500 and profits are $800

A: The information given in the question is:- Total cost = $6500 Profits = $800 Total revenue = ? We…

Q: Calculate total profit when total revenue is $700 and total cost is 60% of total revenue

A: The data presented in the question above is:- Total revenue of firm = $700 Total cost = 60% of total…

Q: The profit of a firm during the  financial year  is $1200 and cost incurred  is $600. Find the…

A: Mark-up (over cost) = (Profit / Cost) x 100%

Q: If the Total revenue is 115 and the total cost is 108 find the amount of the total profit ??

A: According to the given question In Simple words we can say that total profit is that profit of which…

Q: The explicit cost of the firm is $800, implicit cost is $550 and the total revenue is $3000…

A: We are given that:- Explicit costs = $800 Implicit costs = $550 And the total revenue = $3000 We…

Q: Calculate the Economic profit if revenue is $6000 , explicit cost is $500 and the implicit cost is…

A: The Given information is:- Revenue = $6000 Explicit cost = $500 Implicit cost = $2000 We have to…

Q: What would be the profit earned by the firm if his total revenue is $490 and the total costs are…

A: The information given is as follows:- Total revenue earned = $490 Total costs = $500 Total revenue…

Q: Find the value of total revenue if output is 60 units and average revenue is $10

A: The information being given to us is:- Total revenue = ? Output = 60 units  Average revenue = $10

Q: Calculate the total revenue for 5 units when the average revenue is given to be as $30

A: # We know that the formula for total revenue is given as:- Total revenue = Average revenue *…