Price, cost, marginal revenue of diamond $100 60 20 MC ATC A. 10 -20 MR -40 Quantity of diamonds 4 5 8. 10

Q: Dollars MC per unit $40 36- ATC 32 28 D= MR = AR 24 20 AVC 16 12- 100 150 200 250 Quantity Refer to…

A: In a perfectly competitive market there are large number of firms producing similar and identical…

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: The revenue for a product is R(x) = - 0.004x2 + 21x – 6200 and the cost is C(x) = 0.02x + 38 for x…

A: We have the following information- R(x) = - 0.004x2 + 21x – 6200 C(x) = 0.02x + 38

Q: (a) Fill in the table below. Instructions: Round your answers to the nearest whole number. Total…

A: Since you have asked multiple questions and according to our policy we will only solve the 1st…

Q: What is the marginal revenue of producing the fortieth unit? 37 No. units produced Total Total…

A: Marginal Revenue refers to the additional revenue earned from the sale of an additional unit of…

Q: larginal Marginal revenue and marginal cost (dollars per can) evenue MC 16 12 Profit- maximizing…

A: The graph shows a perfect competitive market . It also shows quantity is horizontal axis and price,…

Q: a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Choco Lovers Cost and Revenue…

A: Answer to the question is as follows :

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: 38) Dr. Khan starts his own dental practice after quitting his $150,000 job at The Mall Dental…

A: here we can find the correct option as follow

Q: (Table) Based on the table, what is the profit-maximizing output for John's Tricycle Company? Output…

A: Profit maximizing level of output for a firm is where marginal revenue equals marginal cost.

Q: What is the profit per unit for this firm at a quantity of nine (9) units? Price or cost $12…

A: The graph given resembles a monopolistic firm or a monopolistic competitive firm. The price per unit…

Q: Total profit equals: A. TR-RTF. B. TR-(AVC x Q). C. AR - (AC/Q). D. AR- (TVC/Q). E. TR-(AC xQ).…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 3 P-200x -3x² - 2xy + 150y-2y Find Px Pxx, Py, Pyy Pxy - Pyx Set Px = Py to Fino x Ano y Pxx Pxy…

A: Introduction Here we have given a quadratic equation of profit. P = 200x - 3 x2 - 2xy + 150 y - 2 y2…

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: 6. The marginal cost for Product Y is MC = 10 + 2Q. The market price for Product Y is $50. How many…

A: Given: MC=10+2Q Price= $50 Since price is constant at $50 and there is no other factor influencing…

Q: . Refer to the data for a monopolist. At its profit-maximizing output, this firm's price will exceed…

A: A monopolist firm produces at the intersection point of MR and MC in order to maximize profit.…

Q: A company participating in a market of perfect competition invoices monthly 154,200 units, the sum…

A: Hi there as per our guidelines we are only allowed to solve 3 sub parts of a question . Kindly…

Q: 6. If the Marginal Cost for a product is found to be MC : as MR = 1200 and the cost of 8 units is…

A: d) For the output which maximizes the profit would be where MR=MC So,1200=8x+601140=8xx=142.5…

Q: Question 1 Quantity TotalFixed Marginal Revenue Marginal Variable Total Average Average Demanded…

A: 1. The producer will supply up to the level till the marginal revenue is greater than marginal cost.…

Q: profit max Using the solver method in excel. Find TC, TR, profit max P,Q, Profit and elasticity at…

A: We will solve the first question only. Please resubmit the others in case you want them to be…

Q: Quantity Price Marginal Cost Marginal Revenue $13 $6 MR, 2 $12 $7 MR2

A: We have to find out how many units  does the monopolist produce.

Q: Quantity Total Price Demanded Revenue Revenue Marginal Total Cost Marginal Cost $24 1000 $24,000…

A: Profit maximization occurs when the Marginal Revenue is equal to the Marginal cost. This is because…

Q: Your friend decides to travel abroad to a popular destination to operate a business. He is faced…

A: Given: Total Fixed Cost: $ 2000 per month Constant Marginal Cost: $ 31

Q: Price, cost of bushel MC $18 16 ATC AVC 14 12 ...... B. 10 1. 2. 3. 4. 5. Quantity of tomatoes…

A: Firms in perfect competition are price takers that is they accept the market price as given.

Q: Bette's Breakfast, a perfectly competitive eatery, sells its "Breakfast Special" (the only item on…

A: Here, The price is $5 The average variable cost is $3.95. The average fixed cost is $1.25. That…

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: Find marginal profit if:- Marginal revenue =33 Marginal cost = 12

A: The data presented in the question above is:- Marginal revenue =33 Marginal cost = 12 We have to…

Q: Quantity of commodity A per day Total Variable costs in U. 700 200 60.000 7-25 201 61.000 202 62.500…

A:

Q: Find marginal profit when marginal revenue is $90 and marginal cost $50

A: # The formula for marginal profit:- = Marginal revenue - Marginal cost

Q: 8. A firm is selling 3,000 units per month for $10 each; it can sell all it wants at that price but…

A: The firm is producing 3,000 units per month for price $10 each. The fixed cost is $9,000, variable…

Q: usiness profit is generally greater than economic profit. a. True b. False

A: According to the given question Economic profits are also known as the accounting profit which…

Q: Barrels of Average Oil Marginal Marginal Total Produced Revenue Cost Costs $ 50.00 $ 50.00 $ 50.00 $…

A: After considering the above table , We can find the Total Fixed cost as follows:

Q: AVC $70 $60 $50 D-MR $40 $30 $20 $10 60 100160 200 250 300360 400 Output This firm would in the…

A: 1. In the given graph  The marginal cost curve represent the additional cost for producing an extra…

Q: The cost and revenue functions (in dollars) for producing and selling z Ratmeister hamster cages are…

A: We know that the firm can maximize its profits at the point where the marginal revenue earned from…

Q: No.4) The Profit of Firm GG is uu= -2q² + 280q .What is the profit maximizing quantity? What is the…

A: We have the profit function, π = -2q2+ 280q In order to find the profit-maximizing level quantity,…

Q: (1) Total revenue (TR) (i) Total cost (TC) (ii) Profit (iv) Type of profit is earned by this firm?…

A: Total cost is the total amount incurred by a firm on the factors of production. Total revenue is the…

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: Question 1. Calculate Average Revenue (AR) and Marginal Revenue (MR). Units 1| 2 3 4 56 7 Sold TR ()…

A:

Q: q6) Calculate the marginal cost for following table information. Price Total Revenue Marginal…

A: The firms produced goods and services using the inputs including the factors of production. The…

Q: (1) The revenue for a product is R(x) = -0.004x? + 21x 6200 and the cost is C(x) = 0.02x + 38, for x…

A:

Q: a Complete the following table: Instructions: Enter your responses as a whole number. If you are…

A: Marginal revenue refers to the additional revenue generated from one more unit of production.

Q: (1) The revenue for a product is R(x) = -0.004x? + 21x – 6200 and the cost is C(x) = 0.02x + 38, for…

A: Given : Revenue function : R(x) = -0.004x2+21x-6200 Cost Function : C(x) = 0.02x+38

Q: Use economic theory to detail and examine the reason why electricity network and gas pipeline…

A:

Q: MC 15 AC 11 10 AVC 5-- 40 4) The above figure shows the cost curves for a competitive firm. If the…

A: Given that  Market price (P) = $15 At P = $15, q = 40 (a) Calculate the total revenues of the…

Q: MC 18 AVC 16 14 13 20 Dollars

A: The Profit is maximized where the MR = MC.  thus, profit maximization condition: MR = MC.

Q: The firm producing 6 units  iPhone in a hour and selling it at $500. What is firm total revenue.

A: Given, number of iPhones = 6units Selling price = $500

Q: 0592 92 ) An electronic manufacturing firm has the profit function P(x) ++x2 -20 x 92x 20 20 20,and…

A: P(x)=-59220x3+9220x2-20x92x+20      =29.6x3+4.6x2-1,840x+20a.AC=29.6x3+4.6x2-1,840x+20x…