Q: Find marginal cost of the firm given:- Marginal profit = $800 Marginal revenue = $1200
A: Marginal profit = $800 Marginal revenue = $1200
Q: Price/Revenue/Cost (RM) MC 60 ATC 30 18 MR 50 60 80 Calculate the total revenue (TR) earned by the…
A:
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…
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A: A firm will maximize profit where marginal revenue is equal to marginal cost.
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Q: Find price, quantity, and profit. Fixed cost: 300 MR = 64-4q mc= 4q p=64-2q
A: Given information: Fixed cost = 300 MR = 64 - 4q MC = 4q p = 64 - 2q -------------------------
Q: How to calculate the Marginal cost and the Revenue of producing 1, 2,...15
A: Marginal cost can be defined as the change in total cost when one more unit of extra output is…
Q: The totul Revenus Function And total cost that faces Firm A ARE: TR=30Q = = 100 + 5Q + 0.02Q^2…
A: Total revenue is total receipts from selling goods. Total revenue is the price multiply quantity…
Q: If marginal revenue is $45 and the change In output is 4 units What will be the change in total…
A: The information given to us is:- Marginal revenue = $45 Change in the output = 4 units We have to…
Q: A strawberry farmer, operating ih a perfectly competitive market, is currently producing 99 packs of…
A: Under perfect competition , marginal revenue equals price and average revenue ( P =MR=AR ). Because…
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: What is the total cost for this firm? (omit $ sign. Report cents as needed.) MC ATC D Quantity Price…
A: The firm maximizes profit by producing at MR =MC
Q: If the firm produces 4 units of production at a price of 8 monetary units each, and the total fixed…
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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 average, marginal, and total revenue.
A: ANSTR is the total receipts of a seller that he earns from selling the goods that it produces. If P…
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: You operate a business subject to Perfect Competition. The price of the good is P =40, your…
A: Given, Price (P) = 40 MC = 10 + 0.05Q Fixed costs = 5000
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: 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: Marginal revenue is the extra income a firm receives above break-even. Select one: O True O False
A: The marginal revenue refers to the additional unit of revenue add to the total revenue by selling…
Q: If the price of the firm is less than average total cost. This situation is Select one: a.…
A: The firm would continue to produce as long as the price is above the average variable cost. The…
Q: If marginal profit and marginal cost are $4 and $36 respectively Calculate marginal revenue
A: Marginal Revenue is the revenue per additional sale of unit , so here we calculate the value of…
Q: 5. Profit: iPhones Assume that Apple's marginal cost function for the manufacture of x 32GB iPhone…
A: Introduction We have given Apple's cost function for the manufacture of x 32 GB iPhone 6's per hour…
Q: f the marginal revenue is MR=26-Q , find the highest level of production (Q) of the firm when its…
A: It gives the amount of dollars in revenue that a firm collects from selling its one more unit of the…
Q: Find marginal profit when marginal revenue is $90 and marginal cost $50
A: # The formula for marginal profit:- = Marginal revenue - Marginal cost
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: Marginal revenue (MR) is ____ when total revenue is maximized.
A: Marginal revenue is the revenue that can be earned by selling an additional unit of output. Total…
Q: The marginal revenue MR =800-6q and the average cost function AC=5+300/q.Find the profit when 10…
A: Given: Marginal Revenue MR = 800-6q Average Cost Function AC=5+300/q Q=10
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: 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: Write a word or term that governs the following 1. are benefits given to the firm that originate…
A: 1)External economies are benefits given to the firm that originate from outside the firm.…
Q: What is the value of Marginal profit if marginal cost is $33 and marginal revenue is $56
A: The data presented in the question above is:- Marginal cost = $33 Marginal revenue = $56 Marginal…
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: If change in total revenue is $120 And change in output is 6 units Calculate marginal revenue
A: The information being given is:- Total revenue = $120 Change in output = 6 units We have to…
Q: If change in total revenue is $360 and the change in output is 8 units Find marginal revenue
A: The data presented in the question above is:- Change In Total revenue = $360 Change in output = 8…
Q: Marginal revenue product describes the:
A: Marginal revenue is equal to the additional revenue generated when one more unit of output is sold.
Q: Calculate marginal Revenue if it's given:- Change in total revenue = $350 Change in output = 20…
A: The data presented in the question above is:- Change in total revenue = $350 Change in output = 20…
Q: A firm’s marginal revenue is $133 and its marginal cost is $90. What amount of profit does the firm…
A: Given information: Marginal revenue (MR) = $133 Marginal cost (MC) = $90 Profit maximization…
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: If marginal cost and marginal revenue of a firm A is $30 and $56 respectively Calculate the value…
A: The information being given is:- Marginal cost of firm A = $30 Marginal revenue of firm A = $56 We…
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: Just 1 capsule of brand X can provide 24 hours of acid control ( Actual brand will not be named)…
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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…
Marginal revenue product is measured by:
mr '
mr ' mc
tr/mp
mp ' price
tc/mp
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- Calculate the value of total revenue when average revenue is $77 and the no of units sold is 7The revenue for a product is R(x) = −0.004x^2 + 21x − 6200 and thecost is C(x) = 0.02x + 38, for x units produced and sold.Should output be increased or decreased to generate a higher profit?I don't know what I did wrong with my graph. equilibrium (65, 145)
- In an economy:- NDPFC = $24,000 Million Operating surplus = $11,000 million Mixed income = $5500 million Calculate compensation of employeesPlease explain how to calculate total revenueDisney just raised its 3 day 3 park pass from $110.00 to $121.00. Sales fell from 4,000 per week to 3,000 per week. Did Disney management do the right thing? Why? What should they do next? (Hint – look at revenues)
- The revenue for a product is R(x) = - 0.004x2 + 21x – 6200 and the cost is C(x) = 0.02x + 38 for x units produced and sold. 1. Find the marginal profit for 2800 units. 2. Should output be increased or decreased to generate a higher profit?WHat happens when a company does not follow economic heory and charges prices below the marginal revenue point or whenit does not realize the economies of scales????Curious. Please explain. Not a graded question. I need an explanationa. The following presents the costs and revenues for a firm. (The table is attached) Calculate the marginal cost, marginal revenue and profit for each unit of production. How many units should the firm produce to maximise profit? b. Describe the relationship between the marginal product and the total product of a firm.
