Referring to the graph below, complete the sentence by choosing the correct response from the drop-down list. Dollars 1 2 3 4 56 Quantity At a quantity of 2, the marginal revenue is

Indicate whether the following statements are true or false,and then explain your answers: The marginal revenue from selling another unit of eggscan never be higher than the price of eggs.

If output is 1, total cost is 7, and total revenue is 10. What is the marginal revenue?

Calculate Rian's marginal revenue and marginal cost for the first seven rompers they produce, and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity.

Calculate Marginal profit if the value of marginal revenue is 105 and marginal cost is 60

3. The components of marginal revenueJabari's HookNLadder is the only company selling fire engines in the fictional country of Alexandrina. Jabari initially produced eight trucks, but then decided to increase production to nine trucks. The following graph gives the demand curve faced by Jabari’s HookNLadder. As the graph shows, in order to sell the additional fire truck, Jabari must lower the price from $80,000 to $60,000 per truck. Notice that Jabari gains revenue from the sale of the additional engine, but at the same time, he loses revenue from the initial eight engines because they are all sold at the lower price. Use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial eight engines by selling at $60,000 rather than $80,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $60,000.   3. The components of marginal revenue Jabari's HookNLadder…

Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?

How do you calculate marginal cost and marginal revenue?

Use the data below to answer the questions: Price Quantity Demanded Total Revenue Marginal Revenue Total Cost Marginal Cost $24 1000 $24,000 ***************** $15,000 **************** $22 1250 $27,500 $14 $17,000 $8 $20 1500 X $10 $19,500 $10 $18 1750 $31,500 Y $23,000 $14 $16 2000 $32,000 $2 $27,000 Z (a) Calculate total revenue at X.

If marginal revenue is $9, how much output will the firm produce, and how much profit will it make? Show your calculations.