2. The following represents data for a monopolistic competitor. A) What is the profit maximizing quantity of output? B) Explain why this point is the profit maximizing level of output for this firm. Quantity Price ($) Margin al Revenu 0 5 10 15 20 25 30 35 40 45 50 15 14 13 12 11 10 9 8 7 6 5 Total Revenu e 0 70 130 180 220 250 270 280 280 270 250 P 15 13 11 9 7 5 3 1 -1 -3 -5 Total Cost ($) 175 180 190 207 225 250 290 335 385 465 565 Margin al Cost ($) 1 2 3.4 3.6 5 8 9 10 16 20 Averag e Cost ($) 36 19 13.8 11.25 10 9.67 9.57 9.63 10.33 11.3

2. The following represents data for a monopolistic competitor. A) What is the profit maximizing quantity of output? B) Explain why this point is the profit maximizing level of output for this firm. Quantity Price ($) Margin al Revenu 0 5 10 15 20 25 30 35 40 45 50 15 14 13 12 11 10 9 8 7 6 5 Total Revenu e 0 70 130 180 220 250 270 280 280 270 250 P 15 13 11 9 7 5 3 1 -1 -3 -5 Total Cost ($) 175 180 190 207 225 250 290 335 385 465 565 Margin al Cost ($) 1 2 3.4 3.6 5 8 9 10 16 20 Averag e Cost ($) 36 19 13.8 11.25 10 9.67 9.57 9.63 10.33 11.3

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
pls help asap on both
please quickly thanks !
How do you solve a problem similar to this? I’m confused on how to solve to find the quantity when you have the other variables. (Q1-15)-Q1/ ((Q1-15)+Q1)/2 = -30.30
0.33 is the right answer for the first part. I just want to know how they got 0.33. Also the second part I need help on. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.
This question is intended to have a written response given. The writtenresponse should be 2-3 paragraphs maximum and focused on answer the specific questions of interest using the tools/concepts from lecture/tutorials. You may include agraph to support your argument/ideas, but this is not required (note: I would recommend you sketch a graph when thinking about how to answer this question, thoughthat does not need to be submitted). Leung and Seo wrote an article “How do government transfer payments affect retail prices and welfare? Evidence from SNAP” (Jan,2023) in the Journal of Public Economics. To answer this question, you do not need togo read the paper. I would in fact recommend against it as the paper is very technicaland assumes a knowledge of statistics that most students taking Econ 201 will nothave (some of the ideas will be discussed in Econ 233 and Econ 333). We will use theinformation/main ideas as a starting framework.In the United States, one of the largest welfare…
Give me proper answer with calculation and full explanation Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
No written by hand solution
Avg. Rate of Change of f over [5,5+ h] h Avg. Rate of 8 4.3 4.03 4.003 4.0003 -1 -0.1 -0.01 -0.001 -0.0001 Change of f over 2 3.7 3.97 3.997 3.9997 [5 + h, 5] Estimate f'(5). f'(5) = Need Help? Read It
Please give me proper calculation and full explanation otherwose i give multiple downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Please give me correct answer and full explanation. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.