Price MC ATC P1 P2 P3 PA D. Q, Q2 Quantity/time MR Refer to the above figure. Economic profits for this firm are Select one: O a. undetermined without more information. O b. zero. O c. positive. O d. negative.
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: TOTAL REVENUE at the profit maximizing level of production is by the area: O E-0-Q2-G A-0-Q2-C O…
A: Answer: (1). The profit-maximizing quantity is Q2 (P=MC). Total revenue will be the product of the…
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: Q 1 2 3 4 5 6 FC=60 TC 80 90 102 120 145 180 MC 10 12 18 25 35 (make no units whose price<MC) TR TC…
A: Profit refers to the total revenue less the total cost. Shutdown point refers to the quantity…
Q: When a firm makes profit, this sends a signal to others. More competitors would enter the business,…
A: Answer: Introduction: A positive economic profit attracts more firms to the market. As a result of…
Q: $20 $18 MC ATC $16 P = MR $14 $12 AVC $10 $8 $6 $4 $2 $0 200 400 600 800 1,000 1,200 Output (Q) The…
A: A perfect competitive firm is always a price taker.
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: 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: a. Some entrepreneurs develop new products or ways of doing things. O True False b. All successful…
A: Answer in Step 2
Q: 7. A company's profit maximization is equal to the output rule. This is MR =_MC__ 8. A firm's…
A: Note:- Since we can only answer one question at a time and the exact one is not mentioned, so we'll…
Q: BigSwaba Corp produces virus home test kits which it sells in the market. It pays a marketing…
A: Given demand function P=48+m^0.5-0.5q TC=200+0.5q^2+m
Q: Suppose that the equilibrium price is $10.19 (black line). This firm is earning OProfits O Losses O…
A: A perfectly competitive firm is a price taker and can sell any quantity of the commodity at the…
Q: 1. Given: TC = 800 + 10g +1.5q ; Price = 100 a. Identify the output level (a*) that will maximize…
A: Answer: (d). To find whether the firm is gaining profit or loss the quantity from part (c) is…
Q: 30. Maximizing profit. Raggs, Ltd., a clothing firm, determines that in order to sell x suits, the…
A: A
Q: When a firm makes profit, this sends a signal to others. More competitors would enter the business,…
A: In a perfectly competitive market there are large number of firms producing similar and identical…
Q: Output Total Reve Total Cest nue $30 $60 $90 $120 $150 $180 525 $49 $69 $91 $117 $147 $180 a.…
A: Total revenue is the total receipts earned from the sale of an output. Total cost is the sum total…
Q: Q: A company discovers the following economic information about its costs and demand function:…
A: Profit is the difference between total revenue and total cost.
Q: 4. Given a firm's total cost at different quantities of output, Output Level 0 1 2 3 4 5 6 7 Total…
A: ATC = TC/Q AVC = TVC/Q
Q: emand Tunction is nction is е cost unction is TC = C = 100 + 60(Q) +(Q)2 a. Find MR and MC o.…
A:
Q: Question 15 From the Graph Provided Below: Non-Linear Break Even Chart 700000 600000 500000 300000…
A: In the above diagram, the firm will sell at a point when its TR curve (yellow curve) intersects with…
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: Karen runs a print shop that makes posters for large companies. It is a very competitive business.…
A: Given,Fixed Costs = $100Variable Costs are $1,000 for the 1st thousand posters,…
Q: The profit-maximising output will never be greater than the (profit-satisficing) sales revenue…
A: A firm maximizes profit at where the MC is equal to MR. Sales revenue maximizes at the point where…
Q: A value proposition defines how a company's product or service will generate revenue for the firm.…
A: In simple and easy words we can say that the Value Proposition is generally denoted as a promise…
Q: You own an apartment building with 25 rental units renting at current market rate for $2500 a month…
A: Total revenue = price*quantity
Q: b)For each of the prices below, determine the firm’s profit-maximising (optimal) level of output in…
A:
Q: Use the information for a firm in the table below to answer the following questions. Quantity Total…
A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…
Q: XYZ is a fim in a perféctly competitive market. Its marginal revenue and marginal cost are in the…
A: Average cost of production is the amount of dollars incurred on making a typical unit of the…
Q: Price, cost of bushel $30 MC 26 22 ATC 18 14 10 Break-even price 2 1 4. 6. Quantity of tomatoes…
A: We are going to find the profit maximizing quantity in case of perfectly competitive market to…
Q: Following is Ahmed’s competitively firm data and solve all the parts and subparts: Output (Q)…
A: Total cost shows the total expenditure by the producer in the process of production. Total cost…
Q: tion for that operates in a perfectiy competitive market. Based on ormatic vhat is the…
A: The firms in an organization are responsible to establish a free working and a flow in an economy…
Q: Select one: O a. Positive economic profit O b. Economic loss c. We can not tell from the figure. d.…
A: The figure represents market under perfect competition. Perfect Competition: It refers to a market…
Q: industry. Total product is the Q of production. Total product TFC TVC TC AFC AVC ATC MC 1 40 95 75…
A: In a competitive market there are large number of firms producing identical products thus acting as…
Q: The assumed objective of a firm is to maximize revenue O maximize output O minimize cost of inputs O…
A: There are various objectives of a firm, sometimes the objective is to maximize revenue, sometimes…
Q: Q2. What do you mean by 'under conditions of a perfect competition in the product market? a) MRP =…
A: A perfect competition is a theoretical product market. In this all companies sell similar/identical…
Q: 1. Given: TC = 800 + 10g +1.5q; Price = 100 a. Identify the output level (q*) that will maximize the…
A: The firm maximizes profit by producing at a point where price is equal to marginal cost
Q: Refer to the figure 25.3. Profits for this firm are zero. O negative. positive. undetermined without…
A: Marginal cost is the addition to the total cost of production when an additional unit of a commodity…
Q: The total cost when the demand that is maximized profit is $1800, fixed cost (CF) = %3D $5500, Cv =…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: d. At - units, profit margin (or average profit) is maximized. Why is this output level different…
A: we know that MC is upward sloping curve due to returns to factor . and it cuts the ATC and AVC at…
Q: Sal's Sneakers Price $250 $225 MC, MC2 $200 $175 $150 $125 $100 $75 $50 $25 MR D 10 20 30 40 50 60…
A: Total revenue is profit maximizing price multiplied by quantity.
Q: A firm faces the demand schedule = 0.69 and the total cost function TC = 40 + 30q + 0.4q². %3D (a)…
A:
Q: $30 $28 $26 $24 $22 $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 MC АТС AVC MR = P 5 10 15 20 25 30 35 40…
A: A competitive firm produces where P=MC. At P= MC this firm produce Q=25 units.
Q: Kevin owns a personal training gymnasium in Orlar his profit and will DA. maximize; earn an economic…
A: In a monopolistic competitive market, there are a large number of firms producing similar but not…
Q: a. Profit is maximized at a price of $- b. The profit-maximizing level of output is c. At the…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Quantity Total Revenue Marginal Cost $0 1 $10 $2 2 $20 $4 3 $30 $6 $40 $8 5 $50 $12 $60 $14 7 $70…
A: In the question above, it is given a table with Quantity, Total revenue and Marginal Cost. Fixed…
Q: Revenue and Cost Data for a Perfectly Competitive Firm Daily Output Price Total Revenue TFC TVC TC…
A: Profit of the firm is calculated as the difference between total revenue and the total cost. Total…
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- Sunflower Manufacturing recently applied for a $10 million loan at The Democrat Federal Bank (known simplyas The Democrat). The purpose of the loan is to support its working capital needs (short-term funds) duringthe next nine months. Sunflower has been a loyal customer of the bank for many years and has beenextended whatever amount of credit it requested in the past.Sheli Crocker, who is a new, young loan officer at The Democrat, reviewed Sunflower's loan application anddecided to turn down the loan for the requested amount. In her report to Henry, her boss and the senior loanofficer, Sheli indicated that she thought Sunflower would have trouble repaying a $10 million loan because itsfinancial positions has deteriorated in recent months. Sheli noted that the company's ability to pay its currentobligation - that is, its liquidity position - is poor and that analysts are pessimistic about Sunflower's ability toimprove its liquidity during the next two years. As a result, Sheli…You are working as an investment consultant in a firm. You have been provided data for the past 7 years in the Table 4 as follows: Table 4: Investment Data Yr. Investment (Rs. Millions) Returns (Rs. Millions) 1 185 17 2 128 37 3 75 63 4 98 54 5 155 36 6 63 72 7 112 36 Assume your client plans to investment 30 million rupees. Based on this data will you recommend your client to invest. Why or why not? Your recommendations must be supported by complete workings including model(s), relationships between variables (correlations, coefficient of determinations) and graphical visualizations (such as scatter charts).hai can u continue to solve point d to f? link previous problem https://www.bartleby.com/questions-and-answers/calculus-question/894c3124-dc63-457d-89a9-393d4ee25495
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- With the following information, find the total selling price of dry palay. Total Harvest = 5tons of palay , Initial moisture content = 18% Final moisture content = Storage MC to avoid spoilage and discoloration Cost of drying = PhP 20/50-kg cavan of dry palay , Price of wet palay = PhP 14.50/kg Price of dry palay = PhP 17.00/kg Please answer very soon will give rating surely Show your workProblem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…100-There are multiple stages in a business life cycle. Sometimes they generate higher return while sometimes they face losses due to some unexpected events like COVID-19. Accounting literature comes forward in support of business in the form of transferring amounts across the years to fil this gap for the moment. There is no doubt that this will be showing a very glowing picture from the business side but it can also be a. Misleading as the investor thinks very positive which is not true b. None of the options c. Better as the investor is expecting a positive return in the future perspective d. Leading to higher share price in the open market resulting in good corporate image
- Johnson Controls spent more than $2.5 millionretrofitting a government complex and installing acomputerized energy-management system for theState of Massachusetts. As a result, the state’s energybill dropped from an average of $6 million a yearto $3.5 million. Moreover, both parties will benefitfrom the 10-year life of the contract. Johnson recovers half the money it saved in reduced utility costs(about $1.2 million a year over 10 years); Massachusetts has more money to spend on other things. Whatis the rate of return realized by Johnson Controls inthis energy-control system?Metropolitan Hospital has estimated its average monthly bed needs asN = 1;000 + 9Xwhere X = time period (months); January 2002 = 0N = monthly bed needsAssume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years:MONTH ADJUSTMENT FACTOR (%)January +5April −15July +4November −5December −25a. Forecast Metropolitan’s bed demand for January, April, July, November, and December 2007.b. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?YEAR FORECAST ACTUAL2007 1,045 1,0962006 937…only typed answer Consider the following information: Q = 16 L + 42 K PL=26, PK=10, P=41 and C=5020 What is the profit maximizing amount of capital?