7. Refer to Table 14-14., What is Bob's total fixed cost? $0 $3 $5 $9 a. b. с. d. Refer to Table 14-14. What is the total revenue from selling 5 units? $2.50 $3.25 $12.50 $16.25 8. a. b. с. d. 9. Refer to Table 14-14. What is the marginal revenue of the 4th unit? $2.00 $3.25 $10.00 a. b. с.
7. Refer to Table 14-14., What is Bob's total fixed cost? $0 $3 $5 $9 a. b. с. d. Refer to Table 14-14. What is the total revenue from selling 5 units? $2.50 $3.25 $12.50 $16.25 8. a. b. с. d. 9. Refer to Table 14-14. What is the marginal revenue of the 4th unit? $2.00 $3.25 $10.00 a. b. с.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
answers for question 10,11,12 and 13
![Marginal Cost
Total Revenue
Marginal
Revenue
Quantity
Total Cost
Price
$5.00
$3.25
1
$5.50
$3.25
$6.50
$3.25
$8.00
$3.25
4
$10.00
$3.25
5
$12.50
$3.25
6.
$15.50
$3.25
7
$19.00
$3.25
$23.00
$3.25
7.
Refer to Table 14-14. What is Bob's total fixed cost?
$0
$3
$5
$9
a.
b.
с.
d.
8.
Refer to Table 14-14. What is the total revenue from selling 5 units?
$2.50
$3.25
$12.50
$16.25
a.
b.
с.
d.
Refer to Table 14-14. What is the marginal revenue of the 4th unit?
$2.00
$3.25
9.
a.
b.
с.
$10.00
d.
$13.00
10.
Refer to Table 14-14. At what quantity will Bob maximize his profit?
5 units
a.
b.
6 units
7 units
8 units
с.
d.
11.
Refer to Table 14-14. When Bob produces and sells the profit-maximizing quantity, how much profit
does he earn?
a.
$0.25
b.
$2.75
$4.00
$5.25
с.
d.
12.
Refer to Table 14-14. Suppose that due to a decrease in the market demand for bread the market
price of bread drops to $2.75 per loaf. At this new price, what is Bob's profit-maximizing quantity?
5 units
6 units
7 units
a.
b.
с.
d.
8 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb185c4f8-45fd-4a32-b444-93e3110a115d%2F73fc482a-e76a-4aa5-89ce-0f8175025126%2Ff09xi3m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Marginal Cost
Total Revenue
Marginal
Revenue
Quantity
Total Cost
Price
$5.00
$3.25
1
$5.50
$3.25
$6.50
$3.25
$8.00
$3.25
4
$10.00
$3.25
5
$12.50
$3.25
6.
$15.50
$3.25
7
$19.00
$3.25
$23.00
$3.25
7.
Refer to Table 14-14. What is Bob's total fixed cost?
$0
$3
$5
$9
a.
b.
с.
d.
8.
Refer to Table 14-14. What is the total revenue from selling 5 units?
$2.50
$3.25
$12.50
$16.25
a.
b.
с.
d.
Refer to Table 14-14. What is the marginal revenue of the 4th unit?
$2.00
$3.25
9.
a.
b.
с.
$10.00
d.
$13.00
10.
Refer to Table 14-14. At what quantity will Bob maximize his profit?
5 units
a.
b.
6 units
7 units
8 units
с.
d.
11.
Refer to Table 14-14. When Bob produces and sells the profit-maximizing quantity, how much profit
does he earn?
a.
$0.25
b.
$2.75
$4.00
$5.25
с.
d.
12.
Refer to Table 14-14. Suppose that due to a decrease in the market demand for bread the market
price of bread drops to $2.75 per loaf. At this new price, what is Bob's profit-maximizing quantity?
5 units
6 units
7 units
a.
b.
с.
d.
8 units
![13.
of bread drops to $2.75. At this new price, if Bob produces and sells the profit-maximizing quantity, how
much profit will he earn?
Refer to Table 14-14. Suppose that due to a decrease in the market demand for bread the market price
a.
$0.25
b.
$1.25
с.
$2.25
d.
The firm will lose $6.25.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb185c4f8-45fd-4a32-b444-93e3110a115d%2F73fc482a-e76a-4aa5-89ce-0f8175025126%2Fxe8dugn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:13.
of bread drops to $2.75. At this new price, if Bob produces and sells the profit-maximizing quantity, how
much profit will he earn?
Refer to Table 14-14. Suppose that due to a decrease in the market demand for bread the market price
a.
$0.25
b.
$1.25
с.
$2.25
d.
The firm will lose $6.25.
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