What is marginal revenue and marginal cost?

Q: What is the Marginal Cost if TC =10+5q What is the marginal cost if  TC= 100+5q   Explain

A: TC=10+5qNow,MC=∂TC∂qMC=∂(10+5q)∂qMC=10

Q: Should the Marginal revenue exceed the marginal cost? Why?

A: The firm is said to be in equilibrium when it has no tendency to increase or decrease its output. If…

Q: 1) A)…

A: Given,       New price = $30, Thus, output Q = 400 units, and price P = $30 Total revenue is simply…

Q: What is the profit motive

A: Profit Motive: It is the firm's motivation that persuades the firm to earn more profit. The profit…

Q: OSee Hint The total cost of Mr. Plow, a snow-removal business, is given in the table below. Quantity…

A: The profit can be calculated by deducting total cost from total revenue as follows:

Q: What is the relationship between revenue cost and profit?

A:

Q: Can the marginal revenue be negative??? True/False

A: Marginal revenue refers to the amount of additional revenue thay a producer gets when he produces…

Q: In the short run, what quantity does Lite and Kool produce, what price does it charge, and does it…

A: Monopolistic competition refers to a market structure in which many firms sell differentiated…

Q: What is Law of Diminishing Return? Explain and show it with graph.

A: Microeconomics: It refers to the economics in which the study is considered on an individual not on…

Q: If marginal profit is negative what information can you infer about marginal cost and marginal…

A: Marginal profit is given as :- Marginal profit = Marginal revenue - Marginal cost It's given that…

Q: Use the table to compute the marginal revenue and marginal cost

A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…

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: What evidence of economic competition do you see in your everyday life? what evidence do you see on…

A: Economic competition refers to the situation where the firms in the economy compete with each other…

Q: Calculate marginal revenue if Marginal cost is $300 and marginal profit is also $300

A: Given : Marginal Cost = $300 Marginal Profit = $300

Q: Calculate average, marginal, and total revenue.

A: ANSTR is the total receipts of a seller that he earns from selling the goods that it produces. If P…

Q: What is profit

A: Profit = Revenue - costs

Q: QUESTION 10 State the difference between Total Reveune (TR) and Marginal Revenue *MR). When MR will…

A: Economics deals with the study and allocation of scarce resources among individuals with unlimited…

Q: a. What is the profit-maximizing level of output?

A: The main objective of every firm is to maximize their profits. Profits are calculated by taking the…

Q: How is the marginal revenue made additional revenue?

A: If the sales of an additional unit of output increase the revenue of the firm, the revenue is known…

Q: The following table shows the quantity of leather purses, total cost, total revenue and marginal…

A: Marginal cost is the additional cost incurred by a producer when he employs an additional unit of…

Q: What is the marginal cost for this product?

A: A cost function refers to the formula that is used to predict the cost that the firm will incur at a…

Q: Hi! Can you help me with the question below?  Northside Social (NS) sells cups of coffee and amazing…

A: The elastic demand shows the responsiveness of quantity demand for a good when its price changes.…

Q: what is profit margin?

A: Profit margin is a measure of profitability. Profit margin is the diffrrence between the cost of…

Q: Why economic profit is negat

A: Profit: It refers to the revenue earned by the companies. With more profit earned by the companies,…

Q: A. What is the profit maximizing combination of output ? В. what is the maximum profit?

A: The firm produces the goods and services which are sold at a particular price. The firm produces…

Q: Why must the marginal revenue be equal to the marginal cost for a producer? Explain.

A: Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit…

Q: A. Define marginal revenue and marginal cost.

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

Q: If the firms are earning abnormal profit how will the number of firms in industry change?

A: According to the given question In Simple words we can say that the abnormal profits are the profits…

Q: What is the firms profit or loss?

A: Since the marginal revenue of the firm is above the average total cost and the marginal cost the…

Q: How do you determine if a firm is profit maximizing?

A: A firm is profit maximizing if the firms total cost is less than is total revenue(TR = TC). We can…

Q: What is profit maximizing output?

A: The profit maximizing output is determined by equating marginal revenue with marginal cost.The…

Q: How does the company set its goods or services apartfrom those of its competitors? Does the company…

A: The company set its services and goods apart by differentiating its products from its competitors.…

Q: Explain why so many entrepreneurs underprice their goods and services, especially when they first…

A: Underpricing goods and services while entering into the business can be seen widely.

Q: What is Profit Maximization?

A: Profit maximization is the process (or method) by which rational economic agents decide their…

Q: (a) Calculate the value of marginal profit when marginal revenue is $400 and marginal cost is $700…

A: # we know that the difference between the marginal revenue and the marginal cost always gives the…

Q: Calculate marginal revenue for Q7. Quantity Total Revenue Marginal Revenue (Q) (TR (MR) 200 500 900…

A: Revenue is the amount received by the sellers they sell the commodities in the market at particular…

Q: What quantity does Lite and Kool produce? a. b. What is the price of a pair of Lite and Kool shoes?…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempts only the first three…

Q: How do you calculate marginal cost and marginal revenue?

A: Marginal revenue:   Marginal revenue refers to the additional revenue that made by selling of one…

Q: Degree of competition and define it's types.

A: There are four degrees of competition.  Monopoly : in monopoly there is only one seller and hence…

Q: What is the meaning of economic profit. Support your answer by example?

A: There are two types of profit: Economic Profit Accounting Profit The economic profit can be…

Q: marginal revenue

A: When the sales of the product take place in the market depicts the ‘revenue’. When the sales are…

Q: What is Market competition?

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