The slope of an iso-revenue line is determined by?

Q: Nousaku estimates that the total daily revenue of producing q units of KAGO basket is (R(q) = (102 -…

A: Marginal revenue means the additional revenue earned from selling an additional unit of a good by a…

Q: If marginal revenue is $45 and the change In output is 4 units  What will be the change in total…

A: The information given to us is:- Marginal revenue = $45  Change in the output = 4 units  We have to…

Q: What is the marginal net benefit of producing the twentieth unit? No. units Total Total produced…

A: Marginal net benefit refers to the additional in the net benefit. Here the marginal net benefit of…

Q: Q1. A sole producer has a marginal revenue function given by: dTR = 100 – 3Q² %3D OP Is demand…

A: We are going to use the relationship between Marginal revenue and elasticity to solve a question…

Q: Title: Profit-maximizing behavior in perfectly competitive factor markets The value of a firm’s…

A: Value of Marginal Product of Labor is equal to Marginal Revenue Product of Labor in a certain market…

Q: Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm's…

A: Marginal product of labor refers to an addition to the total product when the firm employing one…

Q: has O buyer; monopoly; upward-sloping supply O seller; monopoly; upward-sloping demand buyer:…

A: Monopoly is a single seller in the market and monopsony is a single buyer in the market.

Q: A firm’s technology requires it to combine 5 person-hours of labor with 3 machinehours to produce 1…

A: Given  Required hours of labor = 5 Required hours of machine = 3 Total number of machine = 15 Old…

Q: The total revenue function is :- 40Q3 - 3Q2 + 64Q - 100   Find the marginal revenue function

A: We are having the total revenue function which is as follows:- 40Q3 - 3Q2 + 64Q - 100 We have to…

Q: Define the term cost of revenue?

A: Revenue is defined as the amount of money or income generated by a firm for a given period of time.…

Q: If total revenue is R =50Q-2Q2. At what value of Q will marginal revenue be 18?

A: R =50Q-2Q2. 18= 50Q- -2(2Q) 18= 50Q - 4Q 18= 44 Q Q= 44/18 Q= 2.44

Q: Assume that a competitive firm has the total cost function: TC 1q-40q + 710q + 1700 %3D | Suppose…

A: Given total cost function :- TC = 1q3 - 40q2 + 710q + 1700 P = 550

Q: Alexa Walsh sells for Supreme Designs , a manufacturer of women's clothing . Alexa is paid a…

A: Gross pay refers to the remuneration received by a human capital of an organization before any…

Q: What is the definition of Marginal Revenue Product? Give an example

A: Answer: Marginal revenue product (MRP): marginal revenue product refers to the additional revenue…

Q: If total revenue increases at a constant rate, what does thiscondition imply about marginal revenue?

A: Marginal Revenue means the rate at which Total Revenue is either increased or decreased on sale of…

Q: Explain why the AFC curve continually declines (and gets closer and closer to the quantity axis).

A: Cost is the expenditure incurred by firms on the production of goods and services. Production costs…

Q: (dollars) 0 MC MR 40 45 50 Quantity is currently producing 40 units of output. What would you advise…

A: Firm maximizes its profit where the MR is equal to the MC. Condition : MR = MC.

Q: For the equations below, q is the total number of units produced per day by m employees of a…

A: Marginal Revenue Product (MRP)=Marginal Product(MP)×Marginal Revenue(MR) Marginal revenue refers to…

Q: If a firm generates $200,000 in revenue, earns $105,000 in economic profit, and its expli- costs are…

A: In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the…

Q: The demand for a product is given by: p = 4000/ (log (13x + 25)). Find the total revenue when 75…

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

Q: A paint store sells 270 pails of paint per month at a price of $32 each. A customer survey indicates…

A:

Q: In​ 2009, the price of​ Amazon's Kindle 2 was ​$359​, while iSuppli estimated that its marginal cost…

A: Learner's index measures the market power of the firm that enables the firm to charge price greater…

Q: referring to the graph above, the profit-maximizing quantity is  a. 7 b. more than 10 c. 10 d. 0

A: Profit maximizing quantity is such a quantity where marginal revenue is equal to marginal cost.

Q: Define the term "sunk costs" and illustrate with an example.

A: Sunk costs: - Sunk costs are those costs that a company or business already incurred and these costs…

Q: Market Failures in Imperfect Competition   Efficiency in exchange is satisfied with the equality…

A: a.  If there is a Monopoly in both the goods Market x and y px/py is the price ratio under Monopoly…

Q: PLABOR МIC $7.00 -S $5.25 $4.50 MVP QLABOR 1000 1500

A: The monopsony is a market structure which is characterized by the presence of a single buyer in the…

Q: Q9: Given the Average revenue AR = 60 – 3Q a) Find the marginal revenue function. b) Compare between…

A: Here, average revenue curve is given as: AR= 60-3Q According to the AR function, total revenue…

Q: What is the marginal cost forumla for TC= 10+5Q?

A: We know well that the Marginal cost is given as the ratio of change in total cost by change in…

Q: What is the principal-agent problem? Have you ever worked in a setting where this problem has…

A: The principal agent problem arises where the two parties having asymmetric information and different…

Q: A.Graph the marginal revenue product of labour. The slope of this curve is equal to 9.6 The vertical…

A: A. In this question:- The market supply is L=2.2w the product market is competitive and product…

Q: The revenue given is R(x)=275(0.974)^2x+1  I have to find the marginal revenue when 150 computers…

A: Marginal revenue describes the increase in revenue with the increase of additional units of sale.

Q: nsider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s…

A: a. The marginal revenue product of labor is the additional revenue generated by hiring one extra…

Q: How does control (as a management function) affect a foodservice business? How can we assess the…

A: Control (as a management function) affect a foodservice business: Control is an aspect of management…

Q: For a corripetitive firm workers marginal revenue product equals the marginal product of labor times…

A: The answer is - wage rate

Q: Let a linear cost function C(x) = 21.95 + 1400 and a linear revenue function R(x) = 20x. What is the…

A: The cost function is, C(x) = 21.95x+1400 The marginal cost (MC) is the differentiation of the cost…

Q: Marginal revenue product describes the:

A: Marginal revenue is equal to the additional revenue generated when one more unit of output is sold.

Q: what do you understand by equi marginal principal? explain

A: Equi marginal principal has been explained as follows

Q: Natural-ExP is a unique company that is dedicated to making day trips to the Nevado de Toluca. The…

A: Here, the cost of new customer is given, which is also known as marginal cost, such that: Cmg=20g…

Q: If NDPFC is $300 million, compensation of employees is $60 million, operating surplus is $30 million…

A: We are given with the information is:- NDPFC = $300 MILLION Compensation of employee = $60 million…

Q: Marginal revenue product is measured by:  mr ' price mr ' mc tr/mp mp ' price tc/mp

A: A market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: The firm producing 6 units  iPhone in a hour and selling it at $500. What is firm total revenue.

A: Given, number of iPhones = 6units Selling price = $500

Q: Explain why it is not sensible to close a business firm if it earns zero economic profits.

A: Zero economic profit implies that the firm would earn the same if it decides to invest in the next…

Q: What kind of division of Labour do we see in the automobile industry?

A: ‘Division of Labour’ is the main process of production splitting up into many simple parts.…