for this graph answer the following question what is the total revenue? what is the total profit? what is the maximun point?

Q: 1. Suvreen runs a flower shop in a perfectly competitive market and sells each flower bouquet for…

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

Q: Using graph, explain when the firm maximizes its profit under perfect completion?

A: In perfect competition, there are many sellers. Therefore, no single seller has control over the…

Q: Briefly explain how the total revenue for a profit-seeking firm is determined.

A: The amount of money a company makes by selling goods or services at a certain price is referred to…

Q: Adidas is one of the high-class sports shoe dealers in Melbourne with the following short run cost…

A: 1) Following are the features of market or Adidas market or shoe market: There are many sellers in…

Q: To calculate the change in total revenue from the price change, which method do you prefer? Hand…

A: Delta r formula because we will directly get the answer by the formula.

Q: Calculate marginal profit if :- Marginal revenue = $38 Marginal cost = $30

A: The data presented in the question above is:- Marginal revenue = $38   Marginal cost = $30 We have…

Q: MC ATC 10 MR 5 10 15 20 Quantity (units) Fig 1 Price (dolalrs per unit)

A: Marginal cost is the amount of dollars incurred by an organization on making an increment unit of…

Q: Imagine you're owner of domino pizza. How would to maximize store's profit ?

A:

Q: Suppose that the manager of a donut shop tellsyou that he sold 220 donuts today, for a total revenue…

A: Average revenue is calculated by dividing the total revenue earned by the firm by the quantity of…

Q: Consider the above figure. If output increases from Q 2 to Q 3, the firm increases its profit.…

A: Total Revenue refers to the overall money received by the firm by selling their products

Q: What is the relationship between revenue cost and profit?

A:

Q: What is the cost revenue? Explain with example?

A: Cost revenue is the total expenditure of producing and delivering a product or service to customers.…

Q: HOW TO CALCULATE PROFIT FROM THIS GRAPH?

A: MR curve has same vertical intercept as demand curve, but half the horizontal intercept of demand…

Q: 100 80 Marginal Revenue 60 40 -20 10 15 20 25 30 35 40 45 50 QUANTITY (Units) Comparing your total…

A: Meaning of Marginal Revenue: The term marginal revenue refers to that additional or extra amount…

Q: The firm has  total revenue $100 and producing total 10 cell phone. How would I calculate average…

A: Total revenue (TR) = $100 Total quantity (Q) = 10 units Average revenue (AR) = ?

Q: Calculate the value of Marginalr revenue when change in total revenue is $310 and the change in…

A: The data presented in the question above is:- Change in total revenue = $310  Change in output = 5…

Q: Calculate Kenji's marginal revenue and marginal cost for the first seven teddy bears he produces and…

A: Marginal revenue is calculated as the ratio of change in total revenue to change in quantity.…

Q: 2. Sadiq thinks he can sell Rs.4,200,000 worth of hardware in a year. What would his accountant…

A: the opportunity cost of a particular activity option is the loss of value or benefit that would be…

Q: MC АТС 20 -MR 16 30 40 Firm What is the amount of profit for the firm in the graph?

A: A Firm will be in equilibrium when its profit is maximized or loss is minimized. For this following…

Q: Why do profit maximizing firms always produce output at MC = MR? Draw graph and use example

A: A monopoly is a market structure where there are only one seller and many buyers. The seller has…

Q: Calculate economic profit given:- Total revenue = $5000 Explicit cost = $1000 Implicit cost =…

A: The data presented in the question above is:- Total revenue = $5000 Explicit cost = $1000 Implicit…

Q: Use the information in picture 1 and picture 2 to graphically show the maximum profit. Please kindly…

A: Total Output Price Total Cost (TC) Total Revenue (TR) Profit = TR -TC Marginal Revenue Marginal cost…

Q: a. What is the profit-maximizing level of output?

A: The main objective of every firm is to maximize their profits. Profits are calculated by taking the…

Q: Hannah has a small business making clothing alterations. Which of the following products would…

A: Hannah has a small business that makes clothes adjustments, according to the question. Thread is the…

Q: Suppose a resturant in a city making above normal profit in the short run. How will the market…

A: A restaurant is operating in a monopolistic competitive market structure.

Q: 1) Use the graph to answer the question below. The quantity is measured in thousands of units.…

A: As per the guidelines answer is given to the first question. (1) As per the diagram given in…

Q: How would you calculate a firms total cost and total revenue using this graph?

A: The graph represents perfect competition market condition, and also short run time period since…

Q: Define the shutdown point. Using a graph explain why the firm shuts down in the short run if the…

A: Shut down point is defined as when it evvomes beneficial for a firm to exit from the market.…

Q: What would be the shape ofthe demand curve so that the total revenue curve is a) A positively sloped…

A:

Q: diagram shows a firm's cost and revenue curves. What could explain why the firm produces output OQ?…

A: The diagram in the question shows a firm's cost and revenue curves. The reason for the firm…

Q: A. What is the profit maximizing combination of output ? В. what is the maximum profit?

A: The firm produces the goods and services which are sold at a particular price. The firm produces…

Q: Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100…

A: ANS Profit is given by subtracting Total Cost (TC) from Total Revenue (TR). Mathematically it is…

Q: A. Define marginal revenue and marginal cost.

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Heidi quit her job as a chef making $40,000 per year to start her own restaurant. The first year,…

A: Option (c).

Q: 9. You are given the following cost data: TFC TVC 12 12 5 2 12 9 3 12 14 4 12 20 5 12 28 12 38 If…

A: Fixed cost is the cost that is incurred that does not relies on the level of production, when the…

Q: . Which is the other name that is given to the average revenue curve?

A: The average revenue curve represents the revenue per unit for different quantities of output.

Q: (a) Calculate the value of marginal profit when marginal revenue is $400 and marginal cost is $700…

A: # we know that the difference between the marginal revenue and the marginal cost always gives the…

Q: Using the attached graph to answer the following questions:   Notes: MC is marginal cost, MR is…

A: Based on this graph above, The market price point would be where MR = MC and when we extend the line…

Q: Calculate Nick's marginal revenue and marginal cost for the first seven shirts he produces, and plot…

A: Q TC TR Profit MC MR 0 15 0 -15     1 30 20 -10 15 20 2 40…

Q: How do you calculate marginal cost and marginal revenue?

A: Marginal revenue:   Marginal revenue refers to the additional revenue that made by selling of one…

Q: (a) Determine the level of output at which the firm maximizes total profit (b) Calculate the profit…

A: Total cost and total revenue is that the total cost includes the total expenditure incurred on the…

Q: How do you calculate a firm's total cost and total revenue?

A: Total cost (TC) refers to the cost of all inputs needed to produce with the given unit of output. It…

Q: A bakery sells pretzels. The fixed costs come to $8,750.00 per month. It will cost 35 cents to make…

A: Break-even point=Fixed costSelling price-Variable cost

Q: Calculate total revenue of a firm given that:- Profit = $500 Total cost = $1100

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

Q: e. Find the number of candies that will produce maximum or minimum profit f. Will the number of…

A: We have given  Price of saltwater taffy =$45 Cost function: C(x)=0.001x3+0.045x2-175x           ....…

Q: ving graph shows Eileen's total cost curve. lue points (circle symbol) to plot total revenue and the…

A: Q = quantity  TC = total cost TR = total revenue  MC = marginal cost  MR = marginal revenue

Q: Calculate marginal profit if:- Marginal revenue = $50 Marginal cost = $22

A: The data presented in the question above is:- Marginal revenue = $50   Marginal cost = $22…