Given cost and price (demand) functions C(q) = 110q + 40,800 and p(q) = - 1.9q + 900, what is the marginalrevenue at a production level of 55 items?The marginal revenue isdollars per item.(Round answer to nearest dollar.)Given cost and price (demand) functions C(q) = 110q + 44,700 and p(q) = - 2q + 900, whatprofit can the compnay earn by selling 50 items?It can expect to earn $(Round answer to nearest dollar.)in profit.Given Cost and Price (demand) functions C(q) = 100q + 40000 and p(q) = - 2.4q + 800, what is the marginalrevenue when costs are $70,000?The marginal revenue isdollars per item.Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q + 800, what profit can beearned if the price is set to be $550 per item?The profit is $(Round to the nearest cent.)A company produces a special new type of TV. The company has fixed costs of $499,000, and it costs$1100 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be ableto sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2000. Assume alinear demand.What is the marginal profit if 200 TVs are producedIt is $per item.(Round answer to nearest dollar.)A company produces a special new type of TV. The company has fixed costs of $477,000, and it costs$1000 to produce each TV. The company projects that if it charges a price of $2400 for the TV, it will be ableto sell 750 TVs. If the company wants to sell 800 TVs, however, it mustlower the price to $2100. Assume a linear demand.What are the company's profits if marginal profit is $0?The profit will $(Round answer to nearest cent.)

Marginal Cost refers to the additional cost incurred due to the production of additional unit of…

Given cost and price (demand) functions C(q) = 110q + 40,800 and p(q) = - 1.9q + 900, what is the marginal revenue at a production level of 55 items? The marginal revenue is dollars per item. (Round answer to nearest dollar.) Given cost and price (demand) functions C(q) = 110q + 44,700 and p(q) = - 2q + 900, what profit can the compnay earn by selling 50 items? in profit. It can expect to earn $ (Round answer to nearest dollar.) Given Cost and Price (demand) functions C(q) = 100q + 40000 and p(q) = - 2.4q + 800, what is the marginal revenue when costs are $70,000? The marginal revenue is dollars per item. Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = -2.8q + 800, what profit can be earned if the price is set to be $550 per item? The profit is $ (Round to the nearest cent.)

Given cost and price (demand) functions C(q) = 110q + 40,800 and p(q) = - 1.9q + 900, what is the marginal revenue at a production level of 55 items? The marginal revenue is dollars per item. (Round answer to nearest dollar.) Given cost and price (demand) functions C(q) = 110q + 44,700 and p(q) = - 2q + 900, what profit can the compnay earn by selling 50 items? in profit. It can expect to earn $ (Round answer to nearest dollar.) Given Cost and Price (demand) functions C(q) = 100q + 40000 and p(q) = - 2.4q + 800, what is the marginal revenue when costs are $70,000? The marginal revenue is dollars per item. Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = -2.8q + 800, what profit can be earned if the price is set to be $550 per item? The profit is $ (Round to the nearest cent.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 3E

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