(a) Fill in the table below.Instructions: Round your answers to the nearest whole number.TotalMarginalTotalOutputPriceATCMCRevenueRevenueCost1$19$2521840317504165815656147471387(b) Draw a graph of the firm's demand, marginal revenue, marginal cost, and average total cost curves.Instructions: Use the graphing tools provided to plot the demand (D), marginal revenue (MR), marginal cost (MC), and average totalcost (ATC) curves. Plot 7 points each for D, MR and ATC. Plot 6 points for MC. Instructions: Round your answers to the nearest whole number.(c) Calculate the firm's total profit.Total profit: $0(Click to select)(d) If the firm d03610hum efficiency, how much will ts output be?Optimum out42(e) If the firm were a perfect competitor, how much would its price be in the long run?Long run price: $ [

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a) Fill in the table below. nstructions: Round your answers to the nearest whole number. Total Marginal Total Output Price ATC MC Revenue Revenue Cost 1 $19 $ $25 18 40 17 50 4 16 58 15 65 14 74 13 87

a) Fill in the table below. nstructions: Round your answers to the nearest whole number. Total Marginal Total Output Price ATC MC Revenue Revenue Cost 1 $19 $ $25 18 40 17 50 4 16 58 15 65 14 74 13 87

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
1) Complete the table. Price Quantity Total Marginal Fixed Demanded Revenue Revenue Cost 18 600 17 700 16 800 15 900 14 1000 13 1100 12 1200 500 500 500 500 500 500 500 Variable Total Cost Cost 5210 5640 6135 6700 7335 8060 8900 Average Variable Marginal Cost Cost MR - MC Profit Percent Contribution Margin
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Pls don't use AI solution Consider a firm operating in a competitive market. The firm is producing 50 units of output, has an average total cost of production equal to 7 dirhams, and is earning 350 dirhams economic profit in the short run. What is the current market price?.
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Round your answeis LU 2 UCUNTial plats. Output 1 3 4 5 6 www. Average Variable Cost 30 a. Complete above the table. Quantity: Break-even $ Average Total Cost 1 O Loss 140 80 63.33 56 56 57 65.43 ✔ $ Marginal Cost 110 30 20 30 34 Prev 56 62 116 b. What is the shutdown price? Shutdown price: $ c. If the market price of the product is $56, what quantity will Marshall's Meats produce? What will be its ✓:$ Total Cost $110 140 6 of 13 160 Quantity: d. If the market price of the product is $20, what quantity will Marshall's Meats produce? What will be its pre # 190 224 280 342 458 Next >
Question 7 Take a look at the price and cost information for FIRM 2. Based on the information provided, what is the total revenue? Firm 2 Firm 1 Output = 10 Average fixed cost = $1 Average variable cost = $2 Price = $1.50 Output = 20 Average fixed cost = $6 Average variable cost = $8 Price $9 = Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. Search a $120 b $180 C $20 4- d $9 * 8 144 hp f10 114 f11 144 f12 + R 11. 7/2 ins prt sc delete home + num = ← backspace Jock
Price and cost $4.00 3.20 2.40 1.60 0 Questraq; not sugamon Isnigiem sunsven lang jam neris MC ITAALS 25006 DMC Sorberg in ATC AVC HONDE SOM= 15152 850 1,700 MR 2,550 D Quantity a. If Elijah produces at the profit-maximizing level of output, how much is his total revenue? How much is his total cost? Briefly explain your calculations. a. How much economic profit is Elijah earning? Briefly explain your calculation.
I have answer of first three sub-parts so give me other sub parts answer
QUESTION 20 Study the table below which represents the cost and price schedules facing a perfectly competitive firm that manufactures bulbs. Use this information to answer the question. Quantity of the product 0 1 2 3 4 Price per unit (R) 10 10 10 10 10 10 c) d) 38022222 Total revenue Total profit (R) -10 -9 -5 -6 Marginal cost (R) . 9 6 8 10 13 Average variable cost (R) 9,00 7,50 7,67 8,25 9,20 This perfectly competitive firm will produce a) 3 bulbs, since losses are minimised. b) 4 bulbs, but it will consider shutting down in the short run. 4 bulbs, since at this production level it earns normal profit. 4 bulbs and will stay in operation.
Only typed answer When the local electricity company charges a price of $20 per kilowatt they sell 1,000 units. If they raise the price by $1 they sell 800 units. What is the marginal revenue between $20 and $21? a) $21 b) $3,200 c) $200 d) $1
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