A firm is producing a quantity of 20 units. The market price is $17. The firm's varialble cost is 1fixed cost is $50. What is the firm's total revenue?a. $1860.15-4047id7b8b.$340.c. $50.9500471d7b8d. $110.95d6477b895d647fd 7 b8MacBook Pro888F4F3%23%24%

Total revenue (TR): - it is the total amount that a seller receives selling his goods and services…

A firm is producing a quantity of 20 units. The market price is $17. The firm's variable cnt is fixed cost is $50. What is the firm's total revenue? 16-40 a. $1860. 4714768 b. $340. 95 47f4758 C. $50. 85d6477b8 d. $110.

A firm is producing a quantity of 20 units. The market price is $17. The firm's variable cnt is fixed cost is $50. What is the firm's total revenue? 16-40 a. $1860. 4714768 b. $340. 95 47f4758 C. $50. 85d6477b8 d. $110.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For questions 4-6: A firm has weekly revenue of $900. The firm's total cost is $1250 per week. The firm shuts down if 300 400 4 2 weekly fixed cost is less than 500 600 The firm's variable cost is $800 and its fixed cost, all of which is sunk, TRUE is $300. The firm will shut down. 2. FALSE The firm's total cost is $1200 and its fixed cost is $500. The firm shuts 20% 2. 40% down if the percentage of fixed costs that is avoidable is equal to or 60% greater than 80% >
ntQu102spring22 (1) - Protected View • Saved to this PC - O Search (Alt+Q) Faridatu Pafadnam References Mailings Review View Help t Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing, Enable Editing 3) Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry. MC SRATC 4 SRAVC 1.5 1 100 200 300 400 Quantity FIGURE 1 a) Refer to Figure 1. If the current market price is $6, what is the profit-maximizing output for this firm? b) Refer to Figure 1. If the price is $6 and the firm is producing at its profit-maximizing output, then what are total costs for the firm? c) Refer to Figure 1. If the market price is $1, the firm will produce short run. units of output in the d) Refer to Figure 1. If the market price is $2, what the firm will do? Price $