日9ひ Unit 9 In-Class Exercise - FINAL (1) - Word P Search AutoSave ff Jared Holloway JH 스 File Home Insert Draw Design Layout References Mailings Review View Help A Share P Comments Graph the average total cost, average variable, average fixed, and marginal cost curves Unit 9- Cost, Revenue, and Profit The table shows the quantity produced and the total, average, variable, cost, and marginal costs for a firm. Complete the table. Quantity Total Cost Variable Fixed Cost Average Total Cost Average Variable Fixed Average Marginal Cost Cost Cost Cost N/A N/A N/A NA ক 100 50 50 95 180 130 35 50 20 215 225 175 10 25 261 211 49 385 335 450 |10 685 185 Graph the total cost, variable cost, and fixed cost curves. Assume the price is $50, draw the marginal revenue curve and identify the profit maximizing output level and shade in the total profit. Assume the price is $50, draw the total revenue curve and identify the profit maximizing output level and the maximum profit Page 2 of 2 150 words O Focus + 70% 3:23 PM P Type here to search ロ G) 4/22/2020

日9ひ Unit 9 In-Class Exercise - FINAL (1) - Word P Search AutoSave ff Jared Holloway JH 스 File Home Insert Draw Design Layout References Mailings Review View Help A Share P Comments Graph the average total cost, average variable, average fixed, and marginal cost curves Unit 9- Cost, Revenue, and Profit The table shows the quantity produced and the total, average, variable, cost, and marginal costs for a firm. Complete the table. Quantity Total Cost Variable Fixed Cost Average Total Cost Average Variable Fixed Average Marginal Cost Cost Cost Cost N/A N/A N/A NA ক 100 50 50 95 180 130 35 50 20 215 225 175 10 25 261 211 49 385 335 450 |10 685 185 Graph the total cost, variable cost, and fixed cost curves. Assume the price is $50, draw the marginal revenue curve and identify the profit maximizing output level and shade in the total profit. Assume the price is $50, draw the total revenue curve and identify the profit maximizing output level and the maximum profit Page 2 of 2 150 words O Focus + 70% 3:23 PM P Type here to search ロ G) 4/22/2020

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($) Average Cost($) 2 24 48 23 35 2.5 17.5 4 23 92 21 45 5 11.25 6 22 132 19 60 7.5 10 8 21 168 17 77 8.5 9.63 10 20 200 15 100 11.5 10 12 19 228 13 126 13 10.5 14 18 252 11 165 19.5 11.79 16 17 272 9 210 22.5 13.13 18 16 288 7 260 25 14.44 20 15 300 5 320 30 16 The table above is for a monopolistic competitive firm. What price will the firm charge? Question 19 options: $13 $15 $19 $24
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COVID-19 Lockdown Price FreezeYou have been appointed as the Marketing Manager of Makro, Massmart CEO Mitchell Slape hasassigned you tasks and requires you to write a report that will be presented at the next Massmart Boardmeeting. You are encouraged to conduct further research on the company.Background issues1Massmart . is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse,Cambridge Food and Cash & Carry stores.2Massmart announces a price freeze in all their brands for the duration of the 21-day nationwidelockdown. This will involve. suspending price adjustments that were scheduled, as part of the normalcourse of business, before the lockdown was announced. Fresh produce, which is procured daily fromfresh produce markets around the country, is the only category that is not included in this announcement.3Commenting on the decision, Massmart CEO Mitchell Slape said: “This is an unprecedented time forSouth Africa and the. world. As we all come to…
+ Output Variable Total AFC AVC ATC Marginal Price Cost Cost Cost $100 300 $150 350 $210 410 $300 500 $430 630 1 2 3 4 5 6 7 $600 $819 800 1019 180 170 160 150 140 130 120 Total Revenue MR Assume the producer was planning to produce a quantity of six units. What would you advise the producer to do in terms of production and pricing to maximize their profit? Provide an explanation of your reasoning. Be specific in your price and quantity targets.