Q: Answer the questions and define the phrases/terms and explain the relationship between them when…
A: Answer -
Q: Find marginal cost of the firm given:- Marginal profit = $800 Marginal revenue = $1200
A: Marginal profit = $800 Marginal revenue = $1200
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: Kristin runs an antiques store. Last year, she earned $35,000 in revenue and had explicit costs of…
A:
Q: With the aid of a diagram explain normal profit
A: Normal profit is a profit that implies the average revenue from selling equals the average cost .…
Q: Calculate the marginal revenue when marginal profit is $23 and the marginal cost is $78
A: # Marginal revenue is the additional revenue generated with the sale of an another unit of good and…
Q: At the profit-maximizing level of output, marginal profit is also maximized O is zero is positive is…
A: Any will firm maximize profit where: Marginal Revenue = Marginal Cost Marginal Profit = MR - MC
Q: Calculate the marginal cost when marginal profit is 30 and marginal revenue is 70
A: # Marginal profit is given as the difference between marginal revenue and marginal cost.
Q: Economic profit is a ) P(Q ‐ ATC) b ) PQ/ATC. c ) (P + ATC)Q d ) (P ‐ ATC)Q
A: Economic profit refers to the difference between total revenue and the sum of implicit and explicit…
Q: Calculate marginal profit if marginal cost and marginal revenue are $44 and $80 respectively
A: The data presented in the question above is:- Marginal revenue = $80 Marginal cost = $44 Marginal…
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: If marginal cost is $37 and marginal profit is $8 Calculate marginal revenue
A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…
Q: The marginal profit is $20 and marginal cost is $100 Calculate Marginal revenue
A: The Information being given is:- Marginal profit = $20 Marginal cost = $100 We have to calculate…
Q: If marginal cost and marginal revenue are $30 and $44 Find marginal profit
A: According to the above mentioned question, the values are:- Marginal cost = $30 Marginal revenue =…
Q: Ameera's flower shop is a profit-maximizing, competitive firm. Ameera sells flower baskets for $27…
A: Given: Selling price=$27 Total cost each day=$280 Out of this, fixed cost=$30 Number of flower…
Q: Calculate marginal revenue if Marginal cost is $300 and marginal profit is also $300
A: Given : Marginal Cost = $300 Marginal Profit = $300
Q: Calculate the value of Marginal revenue when marginal cost is $73 and the marginal profit is 0
A: # the marginal profit is given as the difference between the marginal revenue which is collected by…
Q: production are $100. The total variable costs are $64 for one unit, $84 for two units, $114 for…
A: Total revenue- It is the money receive by the seller after selling their goods and services , it is…
Q: If marginal profit is $32 and marginal revenue is $50 Find Marginal cost
A: The data presented In the question above is:- Marginal profit = $32 Marginal revenue = $50…
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: Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles,…
A: Profit is revenue adjusted for cost. Cost is the expenditure incurred by firms on the production of…
Q: Calculate the value of Marginal revenue when total revenue rise from $400 to $600 and the output…
A: # Marginal revenue is given as the additional Revenue added to the value of total revenue when sales…
Q: If the intersection where MR (Marginal Revenue) = MC (Marginal Cost) occurs BELOW the TPC at that…
A: Marginal Revenue: Marginal revenue is a central concept in microeconomics that describes the…
Q: If a monoply fixed costs increase,its price will________and its profit will______.…
A: A monopoly is a type of market in which there is only a single supplier of a good or service. Few…
Q: A perfectly competitive firm produces 1000 units of burger in the long run. The marginal revenue is…
A: Perfectly competitive firm- It accepts equilibrium price at which it sells goods and it is a price…
Q: If marginal revenue is $30 and marginal cost is $15 Calculate marginal profit
A: The information being given is:- Marginal revenue = $30 Marginal cost = $15 We have to calculate the…
Q: Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles,…
A: Since you have asked multiple questions, we would answer the first question for you. If you need the…
Q: P ($) TR ($) MR ($) TC АTC ($) MC ($) ($) Y Average Total Output Price Marginal Total Total Revenue…
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…
Q: Calculate Marginal revenue when marginal cost is 350 and the marginal profit is 80
A: # The difference between marginal revenue and marginal cost is given as the marginal profit.
Q: Find marginal profit when marginal revenue is $90 and marginal cost $50
A: # The formula for marginal profit:- = Marginal revenue - Marginal cost
Q: If marginal cost is $13 and marginal revenue is $40 Calculate marginal profit
A: The information being given is:- Marginal cost = $13 Marginal revenue = $40 We have to calculate…
Q: The marginal revenue (MR) the individual producer receives when it maximizes its profit is $…
A: Marginal cost is the additional cost of producing one more unit of a good. Marginal revenue is the…
Q: If marginal profit is $33 and marginal revenue is $80 What's the value of Marginal cost
A: The data presented in the question is:- Marginal profit of the firm = $33 Marginal revenue = $80…
Q: If marginal profit is $17 and marginal revenue is $41 Find the value of Marginal cost
A: The given information is as follows:- Marginal profit = $17 Marginal revenue = $41 We have to…
Q: Calculate the value of marginal cost when marginal revenue is $87 and the Marginal profit is $20
A: The difference between both marginal revenue and marginal cost is said to be as the marginal profit.…
Q: he intersection of PC (PRODUCTION COST) = MR (MARGINAL REVENUE) in a graphic is known as the point…
A: Production cost is the total cost(price) paid for the resources utilized in manufacturing a product…
Q: Draw two graphs: 1:- Normal Profit 2:- Abnormal profit And mention the following points in each…
A: 1. Normal Profit: A firm earns normal point when its total revenue (TR) is equal to total cost(TC)…
Q: Marginal revenue and marginal cost are $850 and $700 respectively Calculate the value of Marginal…
A: The information being given to us is as follows:- Marginal revenue = $850 Marginal cost = $700 We…
Q: Calculate Marginal profit given that marginal revenue is two times that of marginal cost
A: The given information is as follows:- Marginal revenue is two times that of total cost i.e MR = 2 MC…
Q: Calculate Marginal profit if the value of marginal revenue is 105 and marginal cost is 60
A: # Marginal profit is calculated by the formula:- Marginal profit = Marginal revenue - Marginal cost…
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: Calculate the value of marginal profit when marginal revenue Is $400 and the marginal cost is $230
A: # The marginal revenue and marginal cost helps us gain the idea about the marginal profit. The…
Q: The value of marginal profit is $30 and marginal cost is $100 Calculate the value of marginal…
A: We are given that:- Marginal profit = $30 Marginal cost = $100 We need to calculate the value of…
Q: The value of marginal revenue is $64 and the change in output is 5 units. Calculate the change in…
A: The information given to us is:- Marginal revenue = $64 Change in output = 5 units
Q: Calculate the value of Marginal revenue if total revenue change by $180 and the total output change…
A: According to the above given question, the values given are:- Change in total revenue = $180 Change…
Q: Marginal profit and marginal cost are $36 and $88 respectively. Calculate Marginal revenue
A: We are given the values of marginal profit and marginal cost in the question Marginal profit = $36…
Q: Calculate the marginal profit when marginal revenue is $84,000 and marginal cost is $77,000
A: # Marginal profit is always given by the difference between marginal revenue and marginal cost. That…
Marginal profit is $4 and marginal revenue is $39
Calculate marginal cost
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- If marginal revenue is $30 and marginal cost is $15 Calculate marginal profitMarginal profit is equal to: a) marginal revenue minus marginal cost b)marginal revenue plus marginal cost c)marginal cost minus marginal revenue d)marginal revenue time’s marginal cost e)marginal revenue divided by marginal costCalculate marginal profit if :- Marginal revenue = $38 Marginal cost = $30
- The value of Marginal revenue is $40 and the value of marginal cost is $30. Is the firm maximizing profits True/FalseCalculate Marginal profit if the value of marginal revenue is 105 and marginal cost is 60The value of marginal revenue is $35 and the value of marginal cost is $30 Is the firm maximizing profits?