Q: Total revenue of the firm is $3500 and the price per unit is $70 Calculate output
A: The data presented in the above question is:- Total revenue = $3500 Price per unit = $70 Output is…
Q: Rent is $600, royalty is $320, interest is $80 and the profits is $400
A: According to the above given question, the values given are as follows:- Rent = $600 Royalty = $320…
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Q: Calculate average revenue if output sold is 20 units and total revenue is $250
A: The information being given is:- Output sold = 20 units Total revenue = $250 We have to calculate…
Q: Find the value of the profit when the total revenue is $65 billion and total cost is $25 billion?
A:
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Q: It costs a publishing company 50,000 dollars to make books. The 50,000 is a fixed cost. To help the…
A: Given; Fixed cost= $50000 Marketing cost of selling each book= $4 Price of 1 book= $9
Q: Find average revenue if output is 100 units and total revenue is $2000
A: The information being given to us is:- Total revenue of firm = $2000 Output = 100 units We have to…
Q: The selling price of a particular article is ₱250 per unit. It has been decided to include the price…
A: selling price of an article = 250 Variable cost is given as 175/unit Fixed cost = 17,000 Price is…
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Q: Calculate the output when the average revenue is $500 and the total revenue is $3000
A: We know that the formula for average revenue is:- AR = Total revenue / output
Q: If economic profit is $5000, explicit cost is $1200, total revenue is $7000 Calculate the value of…
A: The given information is as follows:- Economic profit of the firm = $5000 Explicit costs = $1200…
Q: show solution
A: Total cost refers to all costs associated with the production of goods and services. Total costs are…
Q: If total revenue is $300 and output is 10 units Find average revenue
A: According to the above mentioned question, we have:- Total revenue = $300 Output = 10 units Average…
Q: If total cost is equal to total revenue, then profit is equal to zero. a. True b. False
A: # we know that total profit is given by the difference of total revenue and total cost. And at the…
Q: If explicit costs is $300 and total revenue is $1000 Calculate the accounting profit
A: according to the above given question, we are given that;- Explicit costs = $300 Total revenue =…
Q: Calculate the loss incurred by the firm if the total revenue is $630 and the total cost are $900
A: The information given to us is as follows:- Total revenue = $630 Total cost = $900 Clearly TC >…
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A: Total revenue = PRice * quantity VC = AVC * Quantity (do confirm AVC when price is 100,here i…
Q: Calculate Total revenue given that accounting profit is $340 and the explicit cost is $600
A: The data presented in the question above is:- Accounting profit = $340 Explicit cost = $600 Total…
Q: If explicit cost is $300, implicit cost Is $220 and total revenue is $700 Find Economic profit
A: The information being given is:- Explicit cost = $300 Implicit cost = $220 Total revenue = $700 We…
Q: Calculate Accounting profit if total revenue is $23,000 and explicit cost is $16,000
A: According to the above given question, the information given is:- Total revenue = $23,000 Explicit…
Q: Calculate average fixed cost if TFC is $350 and output is 50
A: The data presented in the above question is:- Total fixed cost = $350 Output produced = 50 units…
Q: The average revenue is defined as Select one: а. The revenue per unit. b. The variable cost per…
A: Total revenue is defined as the revenue earned by a firm by selling all its output.
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Q: The lerner index is 0.3, find the markup over marginal cost.
A: Lerner index is used to measure the monopoly power in the market . And it is positively related with…
Q: Total cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate…
A: The total cost of producing pens = $100 Variable costs of producing pens = $25
Q: Calculate the total revenue if explicit costs of the firm are $400 and the accounting profit is $850
A: Given information is :- Explicit costs = $400 Accounting profit = $850 We need to find the value of…
Q: The selling price of a particular article is ₱250 per unit. It has been decided to include the price…
A: P= 250 price is 5% of Sales quantity TVC=175 TFC= 17000
Q: Calculate the value of total revenue if total cost is $6500 and profits are $800
A: The information given in the question is:- Total cost = $6500 Profits = $800 Total revenue = ? We…
Q: To earn full credit your graphs must include the following specific graphs: Find the graph for…
A: 1) Short-run economic loss: When the price is less than the average total cost, the firm earns…
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Q: Calculate total profit when total revenue is $700 and total cost is 60% of total revenue
A: The data presented in the question above is:- Total revenue of firm = $700 Total cost = 60% of total…
Q: Costs
A: The amount pay to buy something ie good or service or the expense which is paid to have something .…
Q: Designated cost incurred by the short-run firm. Select one: a. fixed cost b. total cost c. variable…
A: In short run, certain factors of production are fixed and certain factors of production are…
Q: The explicit cost of the firm is $800, implicit cost is $550 and the total revenue is $3000…
A: We are given that:- Explicit costs = $800 Implicit costs = $550 And the total revenue = $3000 We…
Q: is equal to average variable cost. is greater than marginal revenue. equals marginal revenue.
A: Consumer surplus shows the additional utility obtained by the consumer after consuming all units of…
Q: What would be the profit earned by the firm if his total revenue is $490 and the total costs are…
A: The information given is as follows:- Total revenue earned = $490 Total costs = $500 Total revenue…
Q: Compute the shut down costs Determine the shutdown point. (Shut down point = (Total fixed costs –…
A: A) Calculation Of Shut Down Cost S.NO. Particular Amount 1 Additional cost for the Security…
Q: Total revenue of the firm is $5100 and the total cost is also $5100 Calculate profits of the firm…
A: The information given is :- Total revenue of the firm is $5100 Total cost is $5100 Formula for…
Q: The total amount spend on production of 500 machines are $100. The selling price of a machine is $…
A: The cost of producing 500 machines (Total cost) = $100 The selling price of one machine = $25
Q: What will be the marginal revenue of the firm if the firm has gained marginal profit of $45 and the…
A: The information given to us is as follows:- Marginal profit of the firm = $45 Marginal cost = $100…
Q: The economic profit is $3000, Total revenue is $5000, explicit cost is $800 Calculate implicit…
A: The information being given is:- Economic profit = $3000 Total revenue = $5000 Explicit cost = $800…
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Q: The average profit is the difference between
A: To find : What is average profit.
Q: Calculate the total revenue for 5 units when the average revenue is given to be as $30
A: # We know that the formula for total revenue is given as:- Total revenue = Average revenue *…
The profit of a firm during the financial year is $1200 and cost incurred is $600. Find the markup.
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- To earn full credit your graphs must include the following specific graphs: Find the graph for short run economic loss for the firm. Find the graph for short run economic profit for the firm. Find the graph for long run – normal profit for the firm. Make sure the graphs show the area of economic profit or loss.Find the value of the profit when the total revenue is $65 billion and total cost is $25 billion?It costs a publishing company 50,000 dollars to make books. The 50,000 is a fixed cost. To help the publishing company sell the books, a marketing company charges 4 dollars for each book sold.If the company charges 9 dollars per book, how many books should they sell to break even?
- __________ refers to the additional cost spent to produce one more unit of the product. a. Marginal cost b. Money cost c. Sunk cost d. Average costThe explicit cost of the firm is $800, implicit cost is $550 and the total revenue is $3000 Calculate the economic profitTotal cost of the firm to produce 50 Pens is 100 dollars with variable cost 25 dollars. Calculate the fixed costs.
- Your company paid a corporate spy to find out the short-run cost of a competitor. The spy obtained the information below on your competitor's quantities, total variable cost, and total cost. An X appears in place of numbers the spy failed to get. Your boss asks you to calculate some of the information the spy was not able to obtain. Fill in the blanks below with the missing information. Output quantity Total variable cost Total cost 0 $0 $250 25 450 50 300 X 75 375 100 600 850 125 X 1125 150 1200 X 175 1875 200 2000 2250Price Quantity Total Revenue Fixed Cost Variable Cost Profit (Dollars per tote) (Totes) (Dollars) (Dollars) (Dollars) (Dollars) 10.00 44,000 16.00 44,000 40.00 44,000 If the firm shuts down, it must incur its fixed costs (FC) in the short run. In this case, the firm's fixed cost is $44,000 per day. In other words, if it shuts down, the firm would suffer losses of $44,000 per day until its fixed costs end (such as the expiration of a building lease). This firm's shutdown price—that is, the price below which it is optimal for the firm to shut down—is per tote.The value of Marginal revenue is $40 and the value of marginal cost is $30. Is the firm maximizing profits True/False
- Staples buys printer cartridges for $20. The demand for the cartridges is 300 per month. Staples incurs a fixed cost for managing the cartridges of $100. Their annual holding cost is 20%. Calculate The order quantity Average inventory Inventory turns per year Number of orders Staples makes per year. What is the total costWhat would be the profit earned by the firm if his total revenue is $490 and the total costs are $500Marginal cost is defined by: (a) total cost increases when one more unit is produced. (b) fixed cost increases when one more unit is produced. (c) Total revenue increases when one more unit is produced. (d) average cost increases when one more unit is produced.