q6) Calculate the marginal cost for following table information. Price Total Revenue Marginal revenue $2 $60 $ 11 $ 6 $ 10 $ 70 $9 $ 72 $ 8 $ 72

Q: Question 2 (total product is Q of production) Total product TFC AFC TVC AVC TC MC $4 $_ $. 1 $12 2…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Question 3 (b) A garment factory’s production function is provided in the table.The gross profit…

A: MP= TPn - TPn-1 MPL = MP × value of output Workers Output(TP) Marginal Product(MP) (a) MPL…

Q: Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit (Dollars) (Dollars)…

A: Marginal cost = change in total cost / change in quality MC (at Q = x) = TCx – TCx-1 / Qx – Qx-1…

Q: The equilibrium rent on office space has just increased by $500/month. Compare the effects on…

A: The profit is the excess revenue made by the firm which can be calculated after deducting the cost…

Q: (Table: Barrels of Oil) Refer to the table. The change in profit from producing the second barrel of…

A: Profit is the difference between total revenue and total cost. Change in profit and marginal cost…

Q: 25. A firm in a competitive market has the following cost structure: Output Total Cost $5 $10 $12…

A: Answer in step 2.

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: 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: 20. If there are implicit costs of production Economic profit will be equal to accounting profit A.

A: Accounting profit is calculated by using the formula revenue minus expenses that is the net income…

Q: 7. A firm is selling 2,000 units per year for $30 each; it can sell all it wants at that price but…

A: Given, Output = 2,000 units per year Price =$30 per unit Total fixed cost (TFC) = $45,000 Marginal…

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: Question 4 a. The following presents the costs and revenues for a firm. Quantity Total Cost Marginal…

A: Note: Since you have posted multiple independent questions in the same request, we will solve the…

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: 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: 7. Problems and Applications Q7 A profit-maximizing firm in a competitive market is currently…

A: Given values:Output = 90 unitsAverage Revenue (AR) = $6Average Total Cost = $6Fixed Cost = $270

Q: .Mr.Ying is starting a telephone company. The marginal cost for each cell phone is given by the…

A: Given Information , Marginal Cost : C(x) = 0.01x2 + 3x + 229 Marginal Revenue : R(x) = 429 - 2x…

Q: 15th Assignment Construct two graphs lined up one on top of the other. The upper graph should…

A: Let us a suppose that the firm is operating in perfect competition market which means that if firm…

Q: C. Fill in the average revenue and marginal revenue in the table. Output (Q) Total Revenue (TR)…

A: The sum of money generated per unit of output is referred to as average revenue. In other words, it…

Q: Ques 6 For a firm to be in equilibrium, Marginal Revenue (MR) and Marginal Cost (MC) must be and…

A: In a market, an equilibrium is one at which firms and households both are able to maximize their…

Q: Cost per Unit 2. Using Figure 2 below, showing Average Total Cost (ATC), explain the maximum number…

A: What causes ATC to change as units produced changes? Here Average Total Cost(ATC) which is the sum…

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: TR = 25Q - 2Q² TC = 32 + 5Q Please create a graph illustrating relationship between the Total…

A: Total revenue is the amount generated by sales of the goods and services and it is obtained by…

Q: Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit $8 $0 1 10 16

A: Marginal Cost = Change in the total cost ÷ Change in quantity   Marginal Revenue = Change in total…

Q: Figure: Cost Curves for Corn Producers Reference: Ref 12-3 (Figure: Cost Curves for Corn Producers)…

A: The profit maximizing output occurs at the point where the marginal cost is equal to marginal…

Q: Compare marginal revenue, marginal cost, and marginal revenue product.

A: The concepts of marginal revenue, marginal cost and the marginal revenue product are used by the…

Q: Price (per unit) MC ATC $3.00 2.00 1.00 100 250 300 400 Output (per day) $900.. Use Figure: The…

A: Given the market price,firms total cost would be 300+400=700

Q: 18. The firm's short-nun supply curve will be: 2 The marginal cost curve b. The marginal cost curve…

A: We know that the supply is the quantity that is sold by a firm during a given period of time at a…

Q: Q9. A firm sold 20,000 SD cards at $50 each in the previous year. The firm also spent $600,000 on…

A: Sales = 20,000 SD card @ 50 each Labour Cost = 6,00,000 Capital Equipment = 50,000 Raw material =…

Q: QUESTION 1 ssume a perfectly competitive market. he graph below indicates the price and different…

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

Q: 150 120 Marginal Revenue 30 -30 3 6 9 12 15 21 24 27 30 QUANTITY (Units) Comparing your total…

A: Total revenue is the product of price and output. Marginal revenue is the additional income in…

Q: Question: P ($) TR ($) MR ($) TC АTC ($)| MC ($) ($) Y Average Total |Output Price Marginal Total…

A:

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: Total product TFC AFC TVC AVC TC MC $. $_ $_ 1 $ $12 2 12 10 3 60 4 56 a. Fill out the table…

A: Disclaimer: Since you have posted a question with multiple sub-parts, we will provide the solution…

Q: he accompanying table represents the quantity produced, he total revenue, and the total cost of a…

A: In a perfectly competitive market there are large number of firms selling identical products thus…

Q: Calculate the Gross Profit Ratio from the following information :- 2010 2011 ales (Revenue from…

A: Gross profit ratio formula: Gross profit ratio =Gross profitsales or revenue

Q: 1. A perfectly competitive firm realizes a tota revenue of $2500 and a profit of $500. Th firm sold…

A: TR = 2500 Profit = 500 Price = 12 ATC = ?

Q: # Units Produced Total Revenue Total Costs 1 100 50 180 110 250 180 4 290 270 310 380 10. What is…

A:

Q: Question 4 a. The following presents the costs and revenues for a firm. Quantity Total Cost Marginal…

A: To maximise profits 6 units should be produced,because after that profit declines.

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: Calculate the marginal cost, marginal revenue and profit for each unit of production? How many…

A: Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit 0 15   0   -15 1 30 15…

Q: Total Revenue Change in profit (£) Total Marginal Output (Units) Profit Marginal cost (£) cost (£)…

A: Marginal revenue is the additional revenue earned by selling an additional unit of output. Marginal…

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 ATC 10 20 30 40 50 60 70 80 Quantity mat is the result for this perfectly competitive firm when…

A: A perfectly competitive firm produces at P=MC in the short run, i.e., the intersection point of the…

Q: Use table to find the required values: Price $32 Quantity 400,000 Explicit costs $3,500,000 Implicit…

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

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…