Using the figure above, what is the total revenue for the firm?

Q: How do you calculate the revenue of a firm that produces only one good?

A: ANS TR is the value of the total number of goods sold by a firm in monetary terms. It is the product…

Q: EXPLAIN RELATIONSHIP BETWEEN THE MARGINAL REVENUE AND THE AVERAGE REVENUE.

A: According to the given question Marginal revenue in simple words we can say that is the introduction…

Q: The demand function p=2000-3q2 and total cost C=2q2+800. Find the price that maximizes profit.

A: The profit function is given by, π(q)=p*q-C(q)=(2000-3q2)q-2q2-800=2000q-2q2-3q3-800 First order…

Q: Gymnast Clothing manufactures expensive hockey jerseys for sale to college bookstores in runs of up…

A: a.   Revenue function is 110x

Q: Find the demand function for the marginal revenue function. Recall that if no items are sold, the…

A: Given  Marginal Revenue function is  R'(x) = 0.06x2 - 0.09x + 186 Integrate both side  C is…

Q: Consider the following diagram showing the cost and revenue conditions of a firm. Price (RM) 65 52…

A: Market is divided into 4 types  on the basis of number of buyers and sellers, available of…

Q: Excess capacity is not found under

A: To find : In which case excess capacity is not found.

Q: When the price is between AVC and ATC (ATCAVC), then total revenue for the competitve firm

A: TR = P x Q TVC = AVC x Q TC = ATC x Q

Q: A firm should increase the quantity of output as long as its     marginal revenue is greater than…

A: Any firm's main objective is profit maximization and any firm makes a decision about increasing or…

Q: If the demand function is P = Q² – 5Q + 25 what value of Q maximizes Total Revenue?

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: what are the formulas for each column? what is the profit maximizing output q and p? what is the…

A: a)  Following below are the formula's for each of the following columns; Average variable cost =…

Q: Find the point of diminishing returns (x.y) for the function R(x), where R(x) represents revenue (in…

A: The law of diminishing returns states that, after the optimum level capacity, every additional unit…

Q: According to the graph below, the firm doesn't make a profit when the quantity exceeds what value?…

A: Profit is the difference between the total revenue and and total cost.

Q: Average revenue is equal to marginal revenue between zero units of output and one unit of output.

A: # Average revenue is referred to be as total Revenue per unit of output and at the same time…

Q: Find the marginal revenue function for the demand function, Q=24-2P and evaluate at Q=10 .

A: The firms in the market are set up to examine their costs and revenue accordingly to make the firms…

Q: what are the maximum profits this firm can earn?

A: A competitive market is a typical market that answers the demands for goods and services. A…

Q: Explain the relationship between Total Revenue, Average Revenue and Marginal Revenue.

A: Revenue refers to the economic term that explains the total amount of money collected by the seller…

Q: Why wouldn’t a firm just drop any product that isn’t selling inhigh enough volume to reach its…

A: While analysing producer’s equilibrium, break-even point is a no profit, no loss situation. That is…

Q: You are the BRAND MANAGER of "AFTER EIGHT "

A: GIVEN   Scrutinize the use of social media platforms such as Facebook, Youtube, Twitter, Instagram…

Q: How is a downward-sloping demand curve related to total revenue and marginal revenue?

A: The downward-sloping demand curve is usually found in the imperfect market such as the monopoly…

Q: How does the goal of the firm influence the sales maximization and profit maximization decision.

A: # Firm has priorities based on whether to maximize profits or maximise it's sales.

Q: Find the point of diminishing returns (x.y) for the function R(x). where R(x) represents revenue (in…

A: R(x)=11,000-x^3+36x^2+800x First order condition: dR(x)/dx=3x^2-72x-800 Second order condition:…

Q: . Which is the other name that is given to the average revenue curve?

A: The average revenue curve represents the revenue per unit for different quantities of output.

Q: The price is calculated by dividing _____ a. total revenue by output b. Output by total revenue…

A: Price is revenue for selling one unit of output.  Hence price should be interpreted as revenue per…

Q: AMCO is a firm producing tables in Spain. It has a fixed cost of 100$ and a cost per unit of…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: If the demand function is p=100-4q, find the level of output at which total revenue is maximum and…

A: Answers is given:

Q: Using the graph below, calculate the firm's profits at the profit maximizing output Price 408 384…

A: A profit-maximizing firm produces at the intersection point of MR and MC.  i.e., MR = MC is…

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: Explain what is meant by a perfect competitor has no market power as applied to power system…

A: This happens whenever the quantity supplied by sellers in the market equals the quantity demanded by…

Q: a. Compute the associated arc elasticity, total revenue, and marginal revenue values. b. On separate…

A: The formulae for arc-elasticity(ED) for the nth unit is…

Q: What is the value of this firm's revenue if it operates where MR=MC? Enter your answer as a number…

A: The profit maximizing level of output for perfect competitive market is where MR = MC

Q: If change in total revenue is $360 and the change in output is 8 units  Find marginal revenue

A: The data presented in the question above is:- Change In Total revenue = $360 Change in output = 8…

Q: Determine the total revenue equation, the marginal revenue, and the average revenue equation, total…

A: Total Cost : TC=440+4Q+0.0001Q2 Demand : P=10-0.0004Q   Total Revenue: Product of price and quantity…

Q: Find the demand function for the marginal revenue function. Recall that if no items are sold, the…

A: The equation is given: R'(x) = 0.3x2 - 0.05x + 206

Q: Calculate the value of marginal profit when marginal revenue Is $400 and the marginal cost is $230

A: # The marginal revenue and marginal cost helps us gain the idea about the marginal profit. The…

Q: With the help of a diagram, explain the derivation of the Total Revenue curve.

A: Total revenue is the total sale receipts of a firm.  TR = P ×Q  Assume some price and quantities at…

Q: You are an accountant for a manufacturer of radios. The demand function for the tablets is 2 p x =…

A: Given information: The demand function for the tablets: p(x)=40-4x2            .... (1) Cost of…

Q: Marginal revenue and marginal cost are same. This means that the firm is at minimum level of profit.…

A: # we know that a firm maximizes profit at the level when the marginal profit are zero and this…

Q: (b) The highest price p, in dollars per thousand widgets, at which N can be sold is given by the…

A: "Since you have asked multiple parts, we will answer only first two parts for you. If you have any…

Q: Using the image please find:  a. Find the total revenue function, using the fact that there is no…

A: Marginal revenue measures the additional revenue earned when an additional unit is sold.

Q: The average profit is the difference between

A: To find : What is average profit.

Q: Marginal profit and marginal cost are $36 and $88 respectively.  Calculate Marginal revenue

A: We are given the values of marginal profit and marginal cost in the question Marginal profit = $36…

Q: Calculate What will be the value of total revenue that a firm will generate if price of good is $70…

A: The data presented in the question above is:- Price of the good/Service = $70 Output sold = 400…