What quantity should the firm produce to maximize profits? 400 units BO 800 units CO 600 units 200 units

Q: Costs and Revenue MC ATC AVC Quantity Discuss the firm plotted on the figure. What type of firm do…

A: Under a perfectly competitive market, firms sell goods that are identical. There are a large number…

Q: in short run even if it makes negative profit. Use well labeled

A: A competitive firm may incur losses in the short run(SR) as there are some fixed cost(FC) in the…

Q: If a firm is producing at a quantity in which the marginal cost exceeds marginal revenue, the firm…

A: A firm will maximize profit where marginal revenue is equal to marginal cost.

Q: Bob’s lawn-mowing service is a profit-maximizing,competitive firm. Bob mows lawns for $27 each.…

A:

Q: ter Amy increases her production, Van's profit becomes S e profits of Van and Amy) is now s Amy's…

A: 1 Blank - 3.00 2 Blank - 270 3 Blank - 405 (810/2) 4 Blank - 405 (810/2) 5 Blank - decreases 6 Blank…

Q: (Figure: Profits)How much profit is the firm making at the profit-maximizing quantity?…

A: The price charged by the firm is $10, at this price the quantity produced is 100 units. Profit is…

Q: A firm is producing the profit-maximizing amount of output when it is producing where its curve…

A: The total cost is the sum of fixed cost and variable cost. The fixed cost is the cost of fixed…

Q: Assignment 1. Find the value of A,B,C,D & E. Add $8 with FC. New FC=$10, now assuming quantity and…

A: The variable cost is the cost that varies with change in the output. The fixed cost is the cost that…

Q: shut down in the short run if   Question 3 options:   P < AVC   TR < TC   P = MC   P < ATC   TR=

A: In a competitive market there are large number of firms producing similar and identical products…

Q: Quantity Price TR TC MR MC Php 3.00 Php 10.00 10 Php 3.00 Php 25 15 Php 3.00 Php 30 20 Php 3.00 Php…

A: The total revenue of the firm is calculated as follows: TR = PQ The marginal revenue is calculated…

Q: Which formula represents the profits for a firm? (check all that apply) (AC=average cost,…

A: Total cost is the overall cost incurred in the course of production of the good.

Q: Bob's lawn-mowing service is a profit-maximizing, competitive firm. Bob mows lawns for $30 each. His…

A: In the short run at least one input is fixed whereas in the long run there is no fixed cost.

Q: Assume that the firm is in perfect competition and the price is $ 80. Find maximum profit? A) $100…

A: Maximum profit in perfect competition market where Marginal Cost is equal to Price so here we find…

Q: When marginal revenue equals marginal cost, the firm may be minimizing its losses, rather than…

A: The equilibrium condition for a perfectly competitive firm is given by - MR = MC For this level of…

Q: Good day class, I. Find the Maximum profit and graph: 1. P = -0.2x2 + 8x -76 2. P= -0.1x2 + 4x - 10

A: Given profit functions P=-0.2x2+8x-76             .............. (1) and P=-0.1x2+4x-10…

Q: Ralph owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last…

A: Economic profit refers to the profit that obtained by deducting the implicit cost or opportunity…

Q: Evaluate the view that the main goal of firms will always be profit maximization

A: The profit is the excess revenue made by the firms after deducting the total cost of production from…

Q: Marginal Cost and Marginal Revenue MR, MC, $/item 100 5아 50 100 150 q, items 200 -50- Label the…

A: The blue line is the marginal revenue curve and the yellow line is the marginal cost curve.…

Q: What is the shut-down condition? a..A condition stating when a firm should cease to operate and…

A: A firm shuts down and stops producing in the short run, if it can't cover its revenue using its…

Q: The relationship between the firm's average variable, average total, and marginal cost curves above:…

A: The market is a perfectly competitive market structure, due to which the firm has a horizontal…

Q: At profit-max quantity, the firm earns _________________economic profit on the last unit sold. Why?

A: The profit is the excess revenue made after deducting the total cost of production from the total…

Q: A Milton company works in perfect competition market, its total cost curve in short run is given in…

A: Total revenue (TR): - it is the total amount that a seller receives selling his goods and services…

Q: Problem #171 Given a firm's total cost at different quantities of output, fill in the table Output…

A:

Q: What is relationship between total revenue (TR) and cost (TC) if the price is greater than ATC (is…

A: If the price is greater than ATC, the total revenue (TR) is greater than the total cost (TC). The…

Q: diagram shows a firm's cost and revenue curves. What could explain why the firm produces output OQ?…

A: The diagram in the question shows a firm's cost and revenue curves. The reason for the firm…

Q: Use the table Costs for Alina's Apple Pies. If Alina's Apple Pies operates in a perfectly…

A: Difference between total revenue and total cost gives the economic profit of a firm.

Q: If Daniel sells 250 hamburgers at a price of $3.00, and his average cost of producing 250 hamburgers…

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

Q: According to the above Table. What is the profit maximising level of production for the competitive…

A: To solve this question you have to calculate marginal cost first.

Q: The profit-maximising output will never be greater than the (profit-satisficing) sales revenue…

A: A firm maximizes profit at where the MC is equal to MR. Sales revenue maximizes at the point where…

Q: A value proposition defines how a company's product or service will generate revenue for the firm.…

A: In simple and easy words we can say that the Value Proposition is generally denoted as a promise…

Q: Peg repairs transmissions. Her fixed costs are $300 a month and it costs her $24 of labor to repair…

A: A firm maximises profit at the level of output where marginal revenue (MR) equals marginal cost…

Q: A furniture maker currently produces 100 tables per week and sells them for a profit. She is…

A: Here, it is given that the furniture market is currently earning a profit and she wants to expand…

Q: you are an accountant for a manufacterer of radios. the demand function for the tablets is p= 40-4x2…

A: Given:- Demand function(P)=40-4x2 Cost function(C)=15x Please find the images attached for detailed…

Q: Nabil cleaning service is a profit-maximizing, competitive firm. Nabil cleans washroom for $25 each.…

A:

Q: True/False Firms maximize profits when MR> MC

A: # A firm will always maximize it's profits when the marginal profit is 0.  Marginal profit =…

Q: Dave's Donuts sold 1,000 donuts. Total revenue was $400, and the cost of producing the 1,000 donuts…

A: The amount of money received by businesses from the sale of their products is referred to as total…

Q: Homer's Holesome Donuts has determined that its profit-maximizing quantity is 10,000 donuts per…

A: Option (b) is correct.

Q: Calculate the marginal cost, marginal revenue and profit for each unit of production.  ii. How many…

A: MC = TCn -TCn-1    Profit = TR - TC

Q: McDonald's is a fast-food restaurant chain. Which of the following would be a long-run decision for…

A: Here, it is given that McDonald's has a fast-food resturant chain , which implies that it has many…

Q: The graph shown below is that of Do Drop In, a shop in the dry-cleaning industry.       a) At the…

A: A monopoly is a sole producer of a good thus  having maximum market power and will act as a price…

Q: Price Average total cost AVC Demand Marginal cost Marginal revenue Quantity Discuss the frm plotted…

A: The graph is related to the Monopoly firm where . Monopoly firms refer to the market forms where…

Q: Sal's Sneakers Price $250 $225 MC, MC2 $200 $175 $150 $125 $100 $75 $50 $25 MR D 10 20 30 40 50 60…

A: Total revenue is profit maximizing price multiplied by quantity.

Q: Refer to the table. If the firm produces 5 units that it sells at a price of $30.00 each, what will…

A: Use the below formula to find the profit and loss: Profit / Loss = Total Revenue - Total CostTotal…

Q: Interpret in below diagram and determine at what point the short run firm will shut down their…

A: Here, the given graph shows the difference types of cost curves and marginal revenue curve of a…

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: Chetan's Fishing Rods is a small business that operates as a price-taker. The market price of a…

A: Given: Price of fishing rod=$30 C(q)=0.1q2+10q+10 Note: Due to multiple subparts being posted, the…

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: TC = TVC + TFC TVC = AVC * q TFC = AFC * q TC ATC = AFC + AVC TFC AFC = TVC AVC = ATC MC = Да

A: The cost of production is the summation of costs incurred in the process of producing the commodity.…