Bags/ variable average Participants fixed cost cost total cost variable cost cost marginal total revenue marginal total wt price $20 revenue profit 0 1700 0 1700 0 0 -1700 100 1700 500 2200 5 200 1700 1200 2900 6 57 2000 20 -200 4000 20 1100 300 1700 2700 4400 9 15 6000 20 1600 400 1700 5200 6900 13 25 8000 20 1100 500 1700 9000 10700 18 38 10000 20 -700 600 1700 15000 16700 25 60 12000 20 -4700 700 1700 23800 25500 34 88 14000 20 -11500 800 1700 36800 38500 46 130 16000 20 -22500 900 1700 55800 57500 62 190 18000 20 -39500 1000 1700 83000 84700 83 272 20000 20 -64700

Q: (d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit…

A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost. Total…

Q: Variable Output -42 1 2 3 TVC TC AFC 400 700 O $200 O $250 1000 4 Use the above table and assume…

A: We have given the cost schedule in which fixed cost is $1000

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: Demand Demand refers to the quantity demand for a commodity that the buyers are ready to buy at…

Q: Hand written solutions are strictly prohibited

A: The objective of the question is to find the missing marginal costs for each quantity of car…

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A: So as to generate sales and make profit through the sales, it is important to satisfy the customer…

Q: uantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($)…

A: A firm maximises its total profit in a very noncompetitive market by equalisation monetary value to…

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A: Accounting Profit:Accounting profit considers only the explicit costs of running the…

Q: Find the value of B. Quantity Total Cost Fixed Cost Variable Cost Average Total Cost Average Fixed…

A: "Average fixed cost measures the fixed cost of production per unit of output."

Q: If average revenue is $44 and output is 20 units Calculate total revenue

A: Given information, Average Revenue (AR)= $44 Total output (Q)= 20 units To find: Total Revenue

Q: Use the table to compute the marginal revenue and marginal cost

A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…

Q: Price of Quantity of Total Marginal Utensil Utensils demanded Revenue Revenue $50 100 $45 200 $40…

A: The sum of money that a firm earns without deducting the expenses is called revenue.

Q: Consider the details of 3 firms. If the price of the product is Rs.48, find the output that has to…

A: Total cost = Total fixed cost + Total variable cost Total revenue = Price * Quantity

Q: REVENUE OR COST (dollars per day) 700 600 500 400 300 250 200 100 0 T I 50 90 160 QUANTITY Total…

A: The TR-TC condition of profit maximization states that a firm maximizes profit by producing the…

Q: Price/Cost per egg MC 12 ATC 8 MR3 AVC 6. MR2 MR1 Quantity 100 200 300 400 he market price per egg…

A: A perfectly competitive firm is a price taker in nature, i.e., it takes the price determined by the…

Q: 2. The table below shows the number of total product produced by its corresponding number of…

A: the time period is not mentioned in this problem so we consider it as the short-run problem i.e. in…

Q: (a) The production department of a fim reported the following information for the month of January…

A: Answer

Q: Suppose that entry of firms into the industry changes this firm's demand schedule from columns 1 and…

A: Total revenue is the total receipts from selling the goods. It is computed as price times quantity.…

Q: Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000…

A: Total cost is the sum of variable cost and fixed cost. Variable cost depends on quantity whereas…

Q: Demand Schedule year 2 8453 year 5 9785 year 1 year 3 8875 year 4 9319 8050 simple fancy simple &…

A: There are three types of products: Simple, fancy and simple & fancy.  The quantity demanded and…

Q: Price (Per Unit) P1 P₂ P3 Pa 9₁ MC 92 93 94 Quantity (Units per week) (a) ATC Price (Per Unit) D P₁…

A: In perfect competition, There exists a large number of buyers and sellers. The firm will produce…

Q: If average revenue is $44 and output is 20 units  Calculate total revenue

A: The information being given is :- Average revenue = $44  Output = 20 units  We have to calculate…

Q: LEAST COST METHOD DESTINATION SOURCES SUPPLY 1 3 1 4 300 2 400 8 3 3 2 500 DEMAND 250 350 400 200 5.

A: The Least Cost Method is a method in transportation problem which is used to derive initial feasible…

Q: Price 3) Quanty Tetal Tetal Rev 3) Marginal Marginal Co Revene (3) Cot (S) 100 100 100 10 000 10000…

A: TR(total revenue) is the product of P(price) and Q(quantity). MR is the slope of TR.

Q: The value of Total revenue is $400 and the average revenue is $40 Calculate the output

A: # if we are given the value of total revenue and average revenue then we can easily calculate the…

Q: Complete the schedule and explain the law of consumer behavior working behind it- Amount of hiring…

A: Marginal utility is defined as the consumer benefit that is gained from the consumption of an…

Q: (1) Price (2) (3) (4) Quantity Sold Total Cost Marginal Cost (=MC) (5) Profit (=TR-TC) $10 $10 $10…

A: The marginal cost (MC) is the cost incurred for every extra output unit produced. Profit is the…

Q: Question 1 Quantity TotalFixed Marginal Revenue Marginal Variable Total Average Average Demanded…

A: 1. The producer will supply up to the level till the marginal revenue is greater than marginal cost.…

Q: What is the profit maximizing profit?

A: The revenue is the amount of money earned from selling the units of output. The cost is the cost of…

Q: Quantity 0 1 2 3 4 5 6 7 8 Total Cost $60 90 109 125 140 160 184 210 240 TVC AVC AC $0 30 30.00 49…

A: A perfectly competitive market is where firms maximise their profit when the price is equal to the…

Q: Table 1: New Generation Company Quantity of commodity A per day Total Variable costs in OMR 60.000…

A: Perfect competition is a market structure, in which a large number of firms produces identical…

Q: ontinue with the table and complete the calculation for Marginal Cost: Bags/ Participants Fixed…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.

Q: Quantity of Resort Units Marginal Capacity Cost Marginal Operating Cost Peak Marginal Revenue…

A: Given: Quantity of Resort Units Marginal Capacity Cost Marginal Operating Cost Peak Marginal…

Q: ↑ Price 90A MC 85 80 75 ATC 70 650 60 E 55 50 6- 451- D 40 35 30 25 20 15 10 5 K MR M 0 17 34 51 68…

A: Let's analyze the areas in the graph to determine which one represents the deadweight loss…

Q: Refer to Figure 2 Price and cost per unit $32 28 25 3 14 15 Ć MR 26 28 34 Show Transcribed Text MC…

A: Under a monopoly, a single seller faces the entire market demand on his own. Here, the seller…

Q: According to the above Table. What is the profit maximising level of production for the competitive…

A: To solve this question you have to calculate marginal cost first.

Q: Labor Quantity Fixed Cost 1 2 3 4 5 6 16 40 60 72 80 84 $160 $160 $160 $160 $160 $160 Different…

A: Economic costs involve not just the accounting costs but also the opportunity cost of making one…

Q: Refer to the table below: Quantity (Bushels) (Q) 0 1 2 3 4 5 6 7 8 9 10 Total Revenue (TR) $0.00…

A: Profit maximisation refers to the process business firms undergo to ensure the best output and price…

Q: Quantity Total Price Demanded Revenue Revenue Marginal Total Marginal Cost Cost $24 1000 $24,000…

A: According to the guidelines answer is provided to the first three subparts: a) "Total revenue is…

Q: The average revenue is given as 70 and total revenue is given as 700  Find the quantity produced

A: # The ratio of Total revenue to total quantity is given as average revenue

Q: in the month of January a car dealership bought its vehicles for $100,000 and sold them for $145,000…

A: The profit a firm makes from its main business operations is measured in terms of gross profit,…

Q: Barrels of Average Oil Marginal Marginal Total Produced Revenue Cost Costs $ 50.00 $ 50.00 $ 50.00 $…

A: After considering the above table , We can find the Total Fixed cost as follows:

Q: Price of Corn $7 MC $6 $5 ATC $4 $3 AVC $2 $1 47 1000 2000 3000 4000 5000 6000 7000 8000 Bushels of…

A: A perfectly competitive firm produces at level of output where Price equals Marginal Cost.  Total…

Q: Calculate the value of average revenue when total revenue is $400 and the no of units employed are…

A: Average Revenue is given as:- = Total revenue / No of units of employed