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: (a) Fill in the table below. Instructions: Round your answers to the nearest whole number. Total…
A: Since you have asked multiple questions and according to our policy we will only solve the 1st…
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: How to calculate the Marginal cost and the Revenue of producing 1, 2,...15
A: Marginal cost can be defined as the change in total cost when one more unit of extra output is…
Q: how does the production theory and concepts affect revenue
A: Production is the process of transformation of inputs into output with use of services of factors…
Q: The value of marginal revenue is $35 and the value of marginal cost is $30 Is the firm maximizing…
A: # The values of marginal revenue and the marginal cost helps us gain the idea whether the firm is…
Q: Choco Lovers Cost and Revenue Quantity TC ATC MC of Gift Boxes ($) ($) ($) 55.00 11.00 1.00 10 57.50…
A: Total Cost TC of 15 units TC = ATC * QTC = 4.17 * 15TC = $62.55 Average Total Cost of 20 unitsATC…
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: 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: If marginal cost is $37 and marginal profit is $8 Calculate marginal revenue
A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…
Q: It is given that the value of marginal Revenue is $110 and tha marginal cost is $66 Calculate the…
A: Marginal revenue is the addition to total revenue when one one more output unit gets sold. Marginal…
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: Calculate marginal revenue if Marginal cost is $300 and marginal profit is also $300
A: Given : Marginal Cost = $300 Marginal Profit = $300
Q: Please explain how to calculate total revenue
A: Total revenue is the amount that a firm or individual receives after selling the output.
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: Use economic theory to detail and examine the reason why electricity network and gas pipeline…
A: It can be said that both electricity network and gas pipeline businesses are monopolies or oligopoly…
Q: What is marginal revenue and marginal cost?
A: Marginal cost and marginal revenues are main concepts that determine th optimal output of the firm.
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: What is average profit margin means?
A: Profit margin is calculated by dividing income by sales to determine how profitable a firm or…
Q: is the difference between total revenue derived from sale of a firms output and opportunity costs…
A: Profit is the difference between the total revenue and the total cost over a specified time period…
Q: onald's profit-maximising quantity is 20 cronuts, what is the market price per cronut at that…
A: In financial hypothesis, perfect competition happens when all organizations sell indistinguishable…
Q: a b. C. Determine each of the following (show all your work): explicit costs implicit costs…
A: An explicit cost is a direct payment made to others in the course of running a business, such as…
Q: Define total revenue?
A: The firm can have two different objectives, either to maximize profits or to maximize the…
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: 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: If marginal profit and marginal cost are $4 and $36 respectively Calculate marginal revenue
A: Marginal Revenue is the revenue per additional sale of unit , so here we calculate the value of…
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: Express the relationships among revenue, cost, profit, and volume?
A: Producer behavior can be assessed by understanding the relationship between revenue, cost, profit,…
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 we measure the Profit Margin on Sales?
A: Profit margin is a type of profitability ratio that represents the percentage of sales that have…
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: (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: Marginal revenue (MR) is ____ when total revenue is maximized.
A: Marginal revenue is the revenue that can be earned by selling an additional unit of output. Total…
Q: In the figure above, what is the total revenue at point A? A) $150 B) $20 C) $2000 D) $3,000
A: The measure that depicts the money that is being generated from normal operations of the business is…
Q: If marginal profit is $33 and marginal revenue is $80 What's the value of Marginal cost
A: The data presented in the question is:- Marginal profit of the firm = $33 Marginal revenue = $80…
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: For the Water Utility, it costs $50,000 per month to lease the land and equipment for the water…
A: Total Cost = 10Q + 50000 Average Cost = 10 + 50000/Q Marginal Cost = dTCdQ=10 P = 50 - Q/100 Total…
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: Vhich of the following is/are correct (assume quantity can be non-integer)? When average cost is…
A: Marginal revenue is the additional revenue earned by selling one additional unit of the output.…
Q: How do you calculate a firm's total cost and total revenue?
A: Total cost (TC) refers to the cost of all inputs needed to produce with the given unit of output. It…
Q: How to Estimate demand, costs, and profits?
A: When talking about demand We estimate the price elasticity of demand.
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: To produce x units of t-shirts costs C(x) = 7.50x + 1200. The revenue is R(x) = 16x. a) Find the…
A: At break even, total revenue is equals to total cost.
Q: for this graph answer the following question what is the total revenue? what is the total profit?…
A: Answer- Given in the question-
What is the cost revenue? Explain with example?
Cost revenue is the total expenditure of producing and delivering a product or service to customers. Cost revenue information are found in a company's income statement and are meant to reflect the direct costs associated with the goods and services rendered by the company.
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- what is the profit-maximizing output quantity?Please see below. I believe the answer is marginal cost, but I feel like the answer should be marginal revenue. Please help.what is the marginal revenue for this chart? please show work or the formula used to do this. I want to make sure I am doing it right.
