uu usores aa itegers) Quantity (Per Week) 15.000 20,000 Total Marginal Revenue Price Marginal Cost Revenue $270.000 340,000 $18 Total Cost $290 000 315.000 17 $14 16 15 25.000 30 000 400,000 12 345.000 15 450,000 10 380.000 14 35.000 400,000 S20.000 420.000 13 40,000 405.000 If Scahill wants to maximze profits, what price should he charge and how many baseballs should he sel? Ed should charge a pnice of 5 14 and sa 35000 besabas Ed wil ean peot of S7000 (Enter your responses as ntegers) Suppose the government imposes a tax of S25,000 per week on beseball production Now what price should Ed charge and how may banebals shoult he sel Ed sboud charge price f ed sell baseballs (Enter your responses as itegera

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter12: Medicare
Section: Chapter Questions
Problem 1QAP
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u usores aa itegers)
Quantity (Per
Total
Revenue
S270,000
340,000
400,000
Marginal
Revenue
Price
Week)
15.000
Marginal
$18
17
Total Cost
$290 000
315.000
Cost
20,000
$14
16
25.000
15
12
345.000
15
30 000
450.000
10
380.000
14
35.000
40,000
420.000
13
40,000
520.000
465,000
If Scahill wants to maximize prohts, what price should he charge and how many basebals should he selO Ed should chage a price ofs 14 and sa 35000 bahs Ed wil em prlt ofs2000
(Enter your responses as tegers)
Suppose the government imposes a tax of S25,000 per week on beseball production Now what price should Ed charge and how may banebals shoult he sel Ed sboud chargea price f ed
sell
baseballs (Enter your responses as witegera
Transcribed Image Text:u usores aa itegers) Quantity (Per Total Revenue S270,000 340,000 400,000 Marginal Revenue Price Week) 15.000 Marginal $18 17 Total Cost $290 000 315.000 Cost 20,000 $14 16 25.000 15 12 345.000 15 30 000 450.000 10 380.000 14 35.000 40,000 420.000 13 40,000 520.000 465,000 If Scahill wants to maximize prohts, what price should he charge and how many basebals should he selO Ed should chage a price ofs 14 and sa 35000 bahs Ed wil em prlt ofs2000 (Enter your responses as tegers) Suppose the government imposes a tax of S25,000 per week on beseball production Now what price should Ed charge and how may banebals shoult he sel Ed sboud chargea price f ed sell baseballs (Enter your responses as witegera
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