based on your answers from the previous question in assuming that the marginal revenue curve is a straight line use the black line plus symbol
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based on your answers from the previous question in assuming that the marginal revenue curve is a straight line use the black line plus symbol
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- Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol) to plot the firm's marginal revenue curve on the following graph. (Round all values to the nearest increment of 50.) ? MARGINAL REVENUE (Dollars) 250 200 150 100 50 0 -50 0 5 10 15 20 25 30 35 QUANTITY (Units) 40 45 50 Marginal Revenue Comparing your total revenue graph to your marginal revenue graph, you can see that when total revenue is decreasing, marginal revenue isI need help with this problem for business calculus. The revenue given is R(x)=275(0.974)^2x+1 I have to find the marginal revenue when 150 computers are sold and interpret the answer in a sentence. I know that I have to find the Marginal revenue function and I think it's -14.48918*0.974^2x+1 but I'm not 100% sure. I also need some clarification if I need to plug 150 into x to get the marginal revenue for 150 computers sold. Please help, thank you!Please solve for the marginal revenue function using the demand function: Q=1400-100p
- The weekly demand for Xbox Math-Hero video games is given by p=-110x500 where is the number of Xbox video games produced and sold, and p is in dollars. Using the Marginal Revenue function, TA), approximate the marginal revenue when 10 Math-Hero video games have been produced and sold dolarSuppose that the marginal revenue from the sale of x units of a product is MR = R'(x) = 7e0.01x. What is the revenue in dollars nearest cent.) $ Submit AnswerEconomists assume that by pursuing a strategy of cost minimization of production, most firms try to achieve profit maximization. Can you discuss the concept of an expansion path? If you can use a graph that would help me understand thank you
- What is the Marginal Revenue of the function Q=800p^-2The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that supplies Hi-tech components. Use the graph to answer the questions that follow. i. Suppose the demand and cost curves result in ABC Inc. Ltd earning aneconomic profit. Do you think ABC Inc. Ltd firm will earn profit in the longrun? Explain your answer. Assume all factors constant.Match each graph with the function it best represents-a demand function, a revenue function, a cost function, or a profit function. Explain your reasoning. y 35,000 30,000 25,000 b. 20,000 15,000- 10,000 5,000 d. 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Graph a is the cost VX function. The number of units sold decreases as the price increases Graph b is the revenue function. This function increases linearly V with the number of units produced. Graph c is the demand x and graph d is the revenue A cost X function is less than a cost X function. Need Help? Read It Submit Answer LARAPCALC10 3.4.009.MI.SA. MY NOTES ASK YOUR TEACHER PRA
- Blue INK is the only cabel service provider in Gazipur. The diagram below depicts the price, output and costs incurred by Blue INK. Use the graph to answer the following questions: What is the Total revenue generated by Blue INK at the profit maximizing level of output?[ Answer in Numerical value only.i;e. 1,2,3,4,5] If the Cable Service Market turns into a Perfectly Competitive Market, what will be the total ammount of the service provided? [ Answer in Numerical value only] If the market turns into a Monopoly market again, what will be the total deadweight loss created? [ Answer in Numerical value only]The inverse demand for tea is given by P= 10 – 0.04Q, where Pis the price per a gram of tea and Qis the total number of grams of tea brought to market. There are two tea shops in the market. Shop 1's cost function is given by C = 0.01q,?, where qı is the number of grams of tea it brings to market. Shop 2's cost function is given by C2 = 0.01q2², where qp is the number of grams of tea it brings to market. Given that the two shops compete by setting output (Cournot), answer the following. a) Identify shop 1's reaction function to shop 2's output to within 2 decimal places (e.g. 0.33). 91= Number - Number 92 b) Identify shop 2's reaction function to shop 1's output to within 2 decimal places (e.g. 0.71). q2= Number Number 91 c) To within two decimal places (e.g. 0.63) what is the equilibrium output level of each shop and the equilibrium per gram price for tea. Shop 1 will produce Number grams of tea and shop 2 will produce Number grams of tea. The equilibrium market price is £ NumberThe blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be scored on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per unit) 100 TOTAL REVENUE (Dollars) 90 80 20 10 0 1250 1125 1000 875 750 625 500 On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10, 20, 25, 30, 40, or 50 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results. 375 250 125 + 0 0 0 Demand 5 10 15 20 25 30 35 40 45 50 QUANTITY (Units) + 5 20 10 15 25 30 35 QUANTITY (Number of units) 40 Graph Input Tool Market for Goods 45 50 Quantity Demanded (Units)…