Q: Under which market structure, average revenue of a firm is equal to its marginal revenue
A: To find: Under which market structure, average revenue of a firm is equal to its marginal revenue
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A: The fixed cost does not change with change in the level of output. The firm has to bear the fixed…
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A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A firm who accepts the price determined by the industry is a price taker firm True/ False
A: # There are markets such as perfect competitive market, where the firm's can't decide the price of…
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Q: Demand P(q)=100-2q Total Costs C(q)=10+20q . Calculate marginal cost and marginal revenue for a firm…
A: Marginal cost MC is nothing but the differentiation of Total cost TC with respect to quantity.
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A: Pure Competitive market is the market structure where are a large number of buyers nd large number…
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Q: Demand P (q)=100-2q Total Costs C(q)=10+20q . Calculate marginal cost marginal revenue, monopoly…
A: Demand, P (q)=100-2q Total Costs, C(q)=10+20q
Q: Due to standardization, there is a reason for independent price competition, that is, competition…
A: Perfect competition is characterized by a large number of firms selling identical products having no…
Q: In the long run period, a small number of firms produces the differentiated product "X" in a…
A: Q = 1350 - 45p p = 30 - (1/45) Q TC = 0.1q3 - 3q2 +40q
Q: Cost reduction and the Herfindahl and Lerner indexes. Consider an industry where demand has…
A: Herfindahl index measures the concentration of industry whereas the Lerner index calculates the…
Q: Write C for a purely competitive market, M for a monopolist market/industry, or F if neither one.…
A: Disclaimer: Since you have asked multipart questions, we will solve the first three questions for…
Q: (a) Fill in the blanks with the following words. barriers to entry, long run, monopoly, perfect…
A: Perfect competition and monopoly are two market structures. Under perfect competition, there is a…
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A: Price discrimination is a distinct feature of of monopoly market structure where the firm is able to…
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Q: Which of the following is within the control of the perfect competitor? the selling price none of…
A: In the perfectly competitive market, it can be seen that the firms have very little or no market…
Q: Which of the following statements is true for firms in monopolistic competition? Firms face barriers…
A: It is the monopolistic competition in which the sellers which are there in the market basically…
Q: Barriers to entry Multiple Choice usually result in perfect competition are characteristic of pure…
A: barriers of entry is the restriction either imposed by the government or due other high investment…
Q: Consider an industry with that contains the following firms Total Revenue Firm A $45,000 Firm B…
A: Market share of firm n = total revenue of the firm n*100 / total revenue of industry
Q: Kindly answer all 3 little mcq questions Question: A firm operating in a perfectly competitive…
A: Hi. Since there are multiple questions we will answer only the first question.
Q: Suppose a perfectly competitive industry turns into a monopoly but the cost structures remain the…
A: Perfect market: It refers to the market under which there are many firms in the market. The perfect…
Q: pure Fínd the total revenue and marginal revenue for a firm operating under pure per unit.…
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A: In the long run, a firm in a monopolistic competitive market will product the amount of goods where…
Q: The kinked demand curve is reflected in a discontinuity in the- (A) Total revenue curve (B) Marginal…
A: According to the given question Actually in simple words we can say that the kinked demand curves…
Q: . The level of output at which average variable costs equal marginal cost and average revenue, or…
A: There are different costs and revenues related to the production process. Average variable cost is…
Q: Price 384 360 336 312 288 264 240 216 192 168 144 120 96 72 48 24 0 0 56 112 168 224 280 336 392 448…
A: The first degree price discrimination is known as Perfect price discrimination. It occurs when the…
Q: I. Dela Rhea Food Corporation has the following demand and total cost functions of P = 1400 - 7.5Q…
A: In the case of Perfect Competition, profit is maximised where Price = MC In the Monopoly, profit is…
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A: A monopoly is a single firm in the market with market power and a perfectly competitive firm is one…
Q: Two firms are competing in a Bertrand market. Each firm's residual demand and cost functions are 91…
A: q1=150-5p1+4p2q2=125-3.8p2+5p1TC1=5q1TC2=3.8q2
Q: Explain profit maximisation. Discuss price discrimination and the role it plays in perfect…
A: Perfect competition refers to the form of market structure that consists of large sellers of a…
Q: Q5. Demand equation of fiction tiles is estimated as P = 8000-24Q. Find I) the marginal revenue when…
A: Demand Equation, P = 8000 - 24Q Quantity, Q = 100 Marginal Revenue =?
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Q: In long run equilibrium, monopoly prices are set a level where: a. Industry Demand Equals Industry…
A: Monopoly is a market structure where by there is only a single seller and the product being sold is…
Q: Consider an industry with that contains the following firms Total Revenue Firm A $45,000 Firm B…
A: Total market revenue will be the sum of each firm’s revenue in the industry.
Q: multiple choice firms in perfect competitions will leave the industry if they: 1- suffer short-run…
A: Perfect competition is a market structure in which all firm are free to enter or exit in the market…
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Q: For the Perfect Price Discriminator (1st Degree Price Discriminator) the demand curve is also the…
A: A monopoly is a market structure in which a single firm dominates the market. The existance of high…
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A: Given information: There are two firms, i.e., firm 1 and firm 2 Firm 1 is a leader firm and firm 2…
Q: A firm has the following cost structure: Output Total Cost($) 2. 6. 7. 30 32 36 42 52 64 78 Refer to…
A: Q TC 1 30 2 32 3 36 4 42 5 52 6 64 7 78
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- calculate rians marginal revenue and marginal cost for the first 7 phone cases they produce ans plot them on the graph. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Lefola Limited is the only manufacturer of product G_Easy in the Popa Land. It has provided documented levels of demand at certain selling prices for product G_Easy which are as follows: Price per unit Demand Units Total costs 7 000 0 3 000 6 000 1 5 000 5 000 2 8 000 4 000 3 12 000 3 000 4 17 000 2 000 5 23 000 1 000 6 30 000 Required: Using a tabular approach, calculate the marginal revenues and marginal costs for product G_Easy at the different levels of demand, and so determine the selling price at which Lefola Limited’s profits are maximized.Your college newspaper, The Collegiate Investigator, has fixed production costs of $90 per edition, and marginal printing and distribution costs of 50¢/copy. The Collegiate Investigator sells for 60¢/copy.a) Write down the associated cost, revenue, and profit functions.b) What profit (or loss) results from the sale of 300 copies of The Collegiate Investigator?c) How many copies should be sold in order to break even?
- Motorcycles USA is a company that manufactures and distributes motorcycles in North America. It has the following demand function for its motorcycles: P = 40,000 – 100Q Motorcycles USA has a marginal cost (MC) that is constant and equal to $6,000. What will Motorcycles USA’s price be if it decides to distribute the motorcycles by itself? What will the price be if it sells them through MC Dealership, LLC an independent distributor? Should Motorcycles USA distribute the motorcycles by itself or through MC Dealership, LLC? What factors would you consider when making this decision? Be sure to explain your calculationsA computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is as indicated below. Output Fixed Cost Variable Cost Total Cost Marginal Cost Average Cost Average Variable Cost 1 $250 $700 $950 $700 2 $250 $925 $1175 $225 3 $250 $315 4 $250 $360 5 $250 $400 6 $250 $450 7 $250 $550 Complete the table. Round off to the nearest dollar. At what price is the zero-profit point? At what price is the shutdown point?The Poster Bed Company believes that its industry can best be classified as monopolistically competitive. An analysis of the demand for its canopy bed has resulted in the following estimated demand function for the bed:P = 1760 - 12QThe cost analysis department has estimated the total cost function for the poster bed asTC = (1/3)Q3 - 15Q2 + 5Q + 24,000a. Calculate the level of output that should be produced to maximize short-run profits. b. What price should be charged? c. Compute total profits at this price-output level. d. Compute the point price elasticity of demand at the profit-maximizing level of output. e. What level of fixed costs is the firm experiencing on its bed production? f. What is the impact of a $5,000 increase in the level of fixed costs on the price charged, output produced, and profit generated?
- If a perfect competitor was earning an economic profit in the short run, would this situation continue through the long run? Why or why not? (Answer with diagram) Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.28. Marginal cost is greater than marginal revenue beyond output 320. True False 29. At 100 output, marginal revenue is less than marginal cost. * True FalseLefola limited is the only manufacture of producr G easy in the popa land. It has provided documented levels of demand at certain selling prices for product Geasy which are as follows: Price per unit demand units total costs 7000 0 3000 6000 1 5000 5000 2 8000 4000 3 12000 3000 4 17000 2000 5 23000 1000 6 30000 Using a tabular approach, calculate the marginal revenues and marginal costs for product G-Easy at the different levels of demand, and so determine the sellibg pruce at which lefola limited's profits are maximized.
- Demand equation of private limited tiles estimated as P = 8000 - 24Q. find the marginal revenue when Q = 100This profit-maximizing/ loss minimizing firm is ? Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.Exotic Metals, Inc., a leading manufacturer of beryllium, which is used in many electronic products, estimates the following demand schedule for its product. Find the total revenue and marginal revenue schedules for the firm and complete the following table. Price Quantity Total Revenue Marginal Revenue ($/Pound) (Pound/Period) ($/Period) ($/Period) 25 0 0 18 1,000 18,000 18.00 16 2,000 14 3,000 12 4,000 10 5,000 8 6,000 6 7,000 4 8,000 2 9,000 Fixed costs of manufacturing beryllium are $14,000 per period. The firm’s variable cost schedule is as follows: Determine the average total cost and marginal cost schedules for the firm and complete the following table. Output Variable Cost Total Cost Marginal Cost (Pound/Period) (Per Pound) ($/Period) ($/Period) 0 0 0 1,000 10.00 24,000 24.00 2,000 8.50 3,000 7.33 4,000…
