3 MC 5. 4- 2. Price and costs (dollars per ticket)

Q: V2 What are the factors that will affect the total revenue?justify your answer

A: Total revenue is the total amount of money a company brings in from selling its goods and services.…

Q: (d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit…

A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost. Total…

Q: Total revenue for a dairy firm is $2400 per week The output sold is 80 Calculate price per unit

A: The price of a product is the amount of money required to purchase it. Price is a measure of value…

Q: 5. Complete the demand schedule below. P ($) Qd 0 12 $1 6 $2 6 $3 $4 6. What is happening between…

A: The study of particular marketplaces, sectors, or industries with an emphasis on how and why…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: Demand Demand refers to the quantity demand for a commodity that the buyers are ready to buy at…

Q: 12 st L8 Get & Transform Data 4 6 7 1 2 Available Product 3 8 9 10 11 12 13 A 14 15 16 17 18 19 20…

A: The objective of this question is to maximize the Total Contribution Margin (TCM) given the…

Q: uantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($)…

A: A firm maximises its total profit in a very noncompetitive market by equalisation monetary value to…

Q: 5. Harry's Hardware realizes a markup of $34.50 if it sells an article at a markup of 40% of the…

A: Given: Markup=$34.50 Markup=40% of selling price

Q: IIT Ball Bearings Inc. faces costs of production as follows: Quantity Total Fixed Cost Total…

A: (A) Total Cost = Total Fixed Cost + Total Variable Cost  Marginal Cost = Change in Total Cost /…

Q: If average household income increases by 25%, from $40,000 to $50,000 per year, the quantity of…

A: If the average household income increases by 25%, from $40,000 to $50,000 per year, the quantity of…

Q: Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($)…

A: Question- Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($)…

Q: Price of Quantity of Total Marginal Utensil Utensils demanded Revenue Revenue $50 100 $45 200 $40…

A: The sum of money that a firm earns without deducting the expenses is called revenue.

Q: Marketing research has found that at a price of $179.95 per unit, sales would be 175,000 units each…

A: Marginal profits signify the profits earned by selling an incremental unit of the business unit's…

Q: Situation: Lettuces and strawberries have almost doubled in price, and the produce rep says this…

A: The price of a good is the monetary value of all the inputs that has been used while the production…

Q: LEAST COST METHOD DESTINATION SOURCES SUPPLY 1 3 1 4 300 2 400 8 3 3 2 500 DEMAND 250 350 400 200 5.

A: The Least Cost Method is a method in transportation problem which is used to derive initial feasible…

Q: A firm's total revenue is $2000 and the output produced was 40 units  Calculate price per unit

A: The firms, and businesses are the entities, who are involved in the production of goods, and…

Q: Do consumer behavior strategic recommendations- Words Required: 600

A: Consumer is a person or an individual who buys goods and services at a common price. It is the price…

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The total receips collected from the sale of goods at the market price is known as the total…

Q: Profits for Mia's chocolate shop is $2300 Total revenue generated is $4100  Find the value of…

A: The information being given is:- Profit for chocolate shop = $2300 Total revenue = $4100  We have to…

Q: Quantity Fixed Costs Variable Costs Total Cost Marginal Cost 10 200 50 250 *********** 20 200 100…

A: (A) If the equilibrium price is $20, find the profit-maximizing quantity.  The profit is maximum at…

Q: What happens to the firm's supply curve if there is an excess capacity in the production? (a) Price…

A: The supply curve is price elastic when a stated change in the commodity price leads to a…

Q: Quantity Total Price Demanded Revenue Revenue Marginal Total Marginal Cost Cost $24 1000 $24,000…

A: According to the guidelines answer is provided to the first three subparts: a) "Total revenue is…

Q: Economic Costs Owner/operators of small gas stations rarely pay themselves an hourly wage. How does…

A: The economic cost of a product or service refers to the total cost of production, including all of…

Q: The demand for a commodity increases when its 1 (A) price increases (B) price decreases (C) price is…

A: Any change in demand due to a change in price, we term it as a change in quantity demanded. Any…

Q: Price and cost (dollars per student) $150 120 - ATC - MC MR 15,000 24,000 30,000 36,000 Quantity of…

A: The maximum number of students will enroll without incurring the economic when: ATC=D This implies…

Q: Explain the relationship between Marginal Cost and last minute price deal for a holiday package

A: Marginal cost: It refers to the cost that changes with the change in the production of goods and…

Q: ofit make up and selling costs

A: Formula for  1 . page chant  cost - Dividing the cartridge page yield by the cost of printer…

Q: For each of the following scenarios, begin by assuming that all demand factors are set to their…

A: Demand is the desire of an individual ability and willingness to pay for a product. The demand is…

Q: Price ($) 1000 500 300 0 300 500 Supply Demand What is the total cost of producing 300 iPads? 1000…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

Q: 2. The relationship between price and demand per month for a consumer product is p = 3500 -1.1D1S…

A: Here, demand curve is given as: P=3500-1.1D1.5 Fixed cost: $300 per month Variable cost: $4 per…

Q: Use table to find the required values: Price $32 Quantity 400,000 Explicit costs $3,500,000…

A: Total Revenue is defined as the amount of money that is received from selling goods and services.…

Q: 1. The cost function for a commodity is given by C(x)- 200+12x+0.1x² (S) and the demand functi is…

A: Profit is the difference between total revenue and total cost.  Total revenue is the product of…

Q: PRICE (Dollars per room) 500 450 400 350 300 250 200 150 100 50 + Demand 0 + 0 50 100 150 200 250…

A: Given,Demand FactorValueAverage American household income$40,000 per yearRoundtrip airfare from New…

Q: Kevin owns a personal training gymnasium in Orlar his profit and will DA. maximize; earn an economic…

A: In a monopolistic competitive market, there are a large number of firms producing similar but not…

Q: PRINT YOUR NAME (LAST) (FIRST) Aggregate Cost Data Unit Cost Data i Average Average Average IFixed…

A: The firms operating in a market incur two types of costs; fixed costs and variable costs. Fixed…