Q 10) Find the Price in the given TableOutput01A) 60B) 20C) 30D) 25234S6Revenue0306090120150180Cost S25496991117147180

Revenue is income that is generated through the sale of goods or services.Total Revenue = P*Q

Answered: A) 60 B) 20 C) 30 D) 25

Business

Economics

A) 60 B) 20 C) 30 D) 25

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: (A) D₁ (B) (C) Reference: F03140 D (D) Assume the government levies a tax on gasoline refiners.…

A: The demand curve shows an inverse relationship between price and quantity demanded. Demand is a…

Q: 100 90 80 ATC 70 50 30 AVC 20 MC 10 + 0 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of pans)…

A: In perfect competition we assume that the marginal cost curve is same as the supply curve. The below…

Q: Consider a market where demand and supply satisfy the following equations QD = 12 - 2 P, Qs = 2P. a)…

A: Price floor refers to the situation where the set minimum price for the good which is greater than…

Q: A competitive industry has production processes that generate pollution. okay with studies carried…

A: Given information P=1500 , Q=250 P=1800, Q=200 MC=1300 MEC=500

Q: An assembly line can produce 60 units per hour. The line’s hourly cost is $3600 on straight time…

A: The per unit cost of production of a good or a service is known as its average cost (AC). However,…

Q: D2 (A) (B) S. (C) (D) Which of the diagrams illustrates the effect of an increase in automobile…

A: The labor is demanded by the firms that are associated with production of goods and services. The…

Q: There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar…

A: With the existence of a transaction cost of $90 which has to be split between the two that is $45…

Q: A company has established that the relationship between the sales price for one of its products and…

A: Given, D=780-10pFC=$800VC=$30 per unit

Q: Which of the following sta (a) VAC is maximized at its intersection with MC. (b) The higher the…

A: Production: It is a cycle of consolidating different material data sources and insignificant data…

Q: (a) In Figure A, Supply and Demand do not make a market because the market is not at equilibrium.…

A: While “supply” refers to the total amount of a product made accessible on the market, the term…

Q: If the price of gas is less than $1 per gallon, how many gallons of gas would be supplied per week?…

A: Supply is defined as the amount of goods that is produced in the place for consumption of an…

Q: 1. Refer to the table below. Emissions Marginal Abatement Cost (tons/month)" 10 6. 15 8. 30 50 6. 70…

A: Hi! thanks for the question but as per the guidelines, we can answer up to three subparts at one…

Q: Particulars Selling Price per pair Material cost (RO 0.25 per soap) Direct Labour (OMR 0.025 per…

A: A production plan strategically outlines the necessary steps, resources, timelines, processes,…

Q: 9. (a) (b) (c) (d) If marginal revenue is N$6 and marginal cost is N$4, the firm seeking to maximize…

A: Maximising profit is relatively determined to be as the step by which the firm or the business firms…

Q: A B 6 Variable Cells 7 8 9 10 10 C Cell Name $B$4 Acres allotted Soybean $C$4 Acres allotted Corn 11…

A: In this question we are given with the excel spreadsheet containing a linear programming problem or…

Q: Causes of lack of female pilots

A: As of 2020, just 7% of commercial pilots were women, according to the Center's data.

Q: 6. What is the value of X? 72 (a) 2200 (b) 4400 8400 (d) Can't say; insufficient information = con8-…

A: Here, X is the Total Cost (TC) when the input level is 1200.

Q: B 2 D/E F G/H (4,5) (0,2) (6,8) (6,5) (3,8) (4,5) (7,10) (5,6) (-1,0) Consider the game above and…

A: Let's work through the problem step by step. The question asks you to transform the game from its…

Q: Pice per bote d The dagram to your right describes the per unt costs and revenues related to the…

A: In a Monopoly situation, there is no difference between firm and industry. Therefore under monopoly,…

Q: 14. If a symmetric game has a strictly dominant strategy, then which of the following statements is…

A: The answer is (e), More than one of the above.Let's break down the options and analyze them one by…

Q: Use the following setting for questions 7-8. Players A and B play a dynamic version of matching…

A: There are two players : Player A & B Strategy Set of Player A = Strategy Set of Player B = {…

Q: Number of wells Total water output (in 1000s of liters/day TR TC AVR Profit 0 0 0 0 0 0 10 100 10000…

A: Total profit is the difference between total revenue and total cost. Total revenue is the revenue…

Q: Question: When G is assumed to be exogenous (5#), what other methods can you think of to shift the…

A: The IS curve shows the relationship between the level of real GDP and real interest rate. Real…

Q: 29. Consider a perfectly competitive industry in which each firm has the total cost function tc = q…

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

Q: Percent of Income 0 (a) (b) (c) Percent of Families (d) (e) Refer to the diagram, where curves (a)…

A: Ginni coefficient is the measure of inequality. It has a range between 0 and 1. If ginni coefficient…

Q: Price of Calculators $27 (a) export 100 calculators (b) import 150 calculators (c) import 250…

A: A market's total surplus is a measure of the overall well-being of all market participants. It is…

Q: (9) The short run is a time period in which: (a) all resources are fixed. (b) the level of output is…

A: As you have not mentioned the exact question as per our policy I am answering first three questions.

Q: Please see attached.

Q: If a community makes different spending decisions when offered a block grant or, alternatively, a…

A: It can be defined as financial help or assistance that is provided by an institution such as the…

Q: Use the values in the table below to answer the following questions. Q TC ATC MC 1 32.98 9 121.7…

A: ATC, the abbreviation for "Average Total Cost", is a term used to depict the average cost of…

Q: Why Law of diminishing return is more applicable in agriculture sector?

A: Law of diminishing return is more applicable in agriculture sector.

Q: 1. A chemical company produces sodium bisulfate in 100-pound bags. Demand for the product is 40…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: SA 700 600 500 400 300 200 100 5 Benefit Cost Analysis 10 TB TC 15 Abatement 20 Approximate the net…

A: Abatement , generally, refers to process of reducing the pollution.

Q: 24. Which of the following statements is FALSE? (A) The Pfizer, Moderna, AstraZeneca and J&J…

A: From the above question, the right option is D.

Q: If n is the number of fishermen in the river, then each fisherman catches 10 + 120/n kg of fish each…

A: The following information is mentioned: Price of one kg of fish is £5 Opportunity cost is £80 i.e.…

Q: 34. If the market price is $40, this firm's maximum total profit would be: (a)-$180 (b) $0 (c) $51…

A: Perfect competition is a type of market structure in which there are large number of buyers and…

Q: "Industry organization Agri SA has expressed concern about rising input costs in the agricultural…

A: Market demand and supply dynamics are influenced by the ongoing interaction between customer…

Q: Consider a monopolist that has a constant marginal cost of 10. The demand for its product is given…

A: Monopoly is a single firm in the market producing unique good in the market.

Q: Fish Cannery Hiking Lodge Total Action (Dollars) (Dollars) (Dollars) No Recycling 3,000 2,000…

A: The question is based on Coase theorem, which states that where there are complete competitive…

Q: Refer to the Figure. If the government offers a $20 subsidy on the production of this good, what…

A: The term "consumer surplus" refers to a financial live of client benefits. once customers pay less…

Q: D Question 14 A shipment of some concrete beams contains a certain number of defective beams. A…

A: The question pertains to the process of selecting a subset of items, specifically, concrete beams,…

Q: (b) During a nationwide program to immunize the population against a new strain of the flu, public…

A: Immunization against a disease is a basic necessity that must be provided to all citizens without…

Q: Number of wells Total water output (in 1000s of liters/day TR TC AVR Profit 0 0 0 0 0 0 10 100 10000…

A: An economically efficient number of wells will be those where profits will be maximised. Profit is…

Question

Q 10) Find the Price in the given Table
Output
0
1
A) 60
B) 20
C) 30
D) 25
2
3
4
S
6
Revenue
0
30
60
90
120
150
180
Cost S
25
49
69
91
117
147
180

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Define the Revenue

VIEW

Step 2: Choose the right Answer

VIEW

Solution

VIEW

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

2
3. Consider the following table: (1) (2) (3) (4) (5) (6) (7) (8) OUTPUT FC VC TC AFC AVC ATC MC 5000 5000 10 5000 (a) 7000 500 200 (b) 200 25 (C) 6000 (d) 200 (e) 440 (A 45 5000 (a) 14000 111 200 (h) 150 58 5000 12000 (i) 86 () 293 (k) 65 5000 (L) 20000 (m) 231 308 429 (n) 5000 18000 23000 71 257 329 (0) (i) List down only the formula that you would need to figure out the values in column 4-8. (ii) Copy the table on paper and fill in the blanks from (a) to (0). Show your calculation in the answer sheet.
The first fill in the blank options are (Frances or dmitri) The second fill in the blank (Frances or dmitri) The third and fourth fill in the blanks you enter a number The fifth fill in the blank option is (higher or lower) the 6th fill in the blank is ( dmitri or Frances) and the final fill in the blank is (dmitri or Frances)
(c) (i) Referring to Figure 1, explain the difference between cost incurred and cost committed during the design phases. (ii) Explain why any decision made in the product development should be made as early as possible in the design stage. Copyright © The McGraw-Hill Companies, Inc. Permission required for reproduction or display. 100 Cost committed 80 60 40 Cost incurred 20 Time (nonlinear) Figure 1 Cost incurred and committed during design stages Percentage of product cost committed Market development Conceptual ubisep Product use
1:50 AM ← Wh Akhil Bagde 1 minute ago VPN LTE 4G+ 51 4(a) Distinguish between inter - industry and intra-industry international trade. (b) Outline the various stages of the product life cycle. (c) Explain how the product life-cycle theory of international trade explains intra-industry trade.
Need help with two sub part mc question as it can be answered
Need urgently
A competitive industry has production processes that generate pollution. okay with studies carried out on the affected population, the marginal costs associated with contamination are constant and 500 u.m. for each unit of the good produced. These costs are associated with lost working days, illness treatment costs and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1500 (um/unit). Market studies carried out by the firms estimate that if the price rises at 1,800 (mu/unit) the quantity demanded would drop to 200 units and the marginal cost of production of each firm at this new production level is 1,300 (m.u./unit). assume linearity in market demand and in the marginal costs of production of the firms. Graph to justify your answers. )Determine the level of tax that would have to be applied to production to achieve the social optimum.
(a) What is the profit-maximizing level of output and how much daily profit will the producer below earn if the price of pizza is $ 2.50 per slice? MC Salice ATC (AVC 2.50 1.40 slices/day 570
1
(d) (e) (f) Detailed answers
Herbert Hoover's response to the Great Depression included O establishing the Reconstruction Finance Corporation in 1932. (A) O a belief that government should step in to help when American business could not O a belief in volunteerism from the private sector. (C) Both A and B. O Both A and C.