Mc Saved Help Save & Exit Output Marginal Revenue Marginal Cost $16 $2 1 1 16 4 2 16 8 3 16 16 24 5 35 16 16 Refer to the data in the accompanying table. If the firm's minimum average variable cost is $16, the firm's profit-maximizing level of output would be Multiple Choice O O 3. 4. 2.

Compare the average total cost and the marginal cost and explain the relationship   Describe the methods that can be used to dertermine where profit is maximized    L Q MP MC TC ATC 0 0      200   1 20  20  5.00  300  15 2 50  30  3.33  400  8 3 90  40  2.50  500  5.56 4 120  30  3.33  600  5.00 5 140  20  5.00  700  5.00 6 150  10  10.00  800  5.33 7 155  5  20.00  900  5.81

X 1 ences If the price of oats is $3.0 per kilo, calculate the total revenue and the total profit (or loss) at the quantities shown in below table. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank - be certain to enter "0" wherever required. Mc Graw Hill Quantity (kilos) Total revenue Total cost Total profit $ 600 1800 $1,900 700 2100 $2,000 $ 800 2400 $2,400

for this graph answer the following question what is the total revenue? what is the total profit? what is the maximun point?

Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open up a black-and-white photocopying service in her dorm room for use by faculty and students. Her total cost, as a function of the number of copies she produces per month, is given in the table. Number of Photocopies Per Month Total Cost Fixed Cost Variable Cost Total Revenue Profit 0 $100         1,000 $110         2,000 $125         3,000 $145         4,000 $175         5,000 $215         6,000 $285         a. Fill in the missing numbers in the table, assuming that Margie can charge 6 cents per black-and-white copy. Margie's fixed cost is: $       Variable cost, 0 photocopies/month: $     Variable cost, 1,000 photocopies/month: $     Variable cost, 2,000 photocopies/month: $     Variable cost, 3,000 photocopies/month: $     Variable cost, 4,000 photocopies/month: $…

Problem 2: Average total cost, from “Principles of Economics” by N. Gregory MankiwYou are the chief financial officer for a firm that sells gaming consoles. Your firm has thefollowing average-total-cost schedule:Quantity | Average total cost600             $300601             $301Your current level of production is 600 consoles, all of which have been sold. Someone calls, desperateto buy one of your consoles. The caller offers you $550 for it. Should you accept the offer? Why or whynot?

Take three data sets of cost containing all types of cost tc, fc, tvc, fvc, vc, mc, avc, afc) and draw their schedules and curves and interpret the results. Now after doing that you have to identify the similarities and differences in three datas. Sample data is given in image.

Solve E, F, G parts only and plz solve handwritten correctly and take a thumb up i need now in one hour

Refer to the to graph on the right. Which level of output in the graph below represents the minimum efficient scale? OA 1,000 books B. 20,000 books C. 40,000 books $22 00 D. 80,000 books 20.00 18.00 Which size bookstore is more likely to expenence diseconomies of scale? Long-nun Average cost O A. Abookstore selling 1.000 books per month B. A bookstore seling 20,000 books per month C. Abockstore selling 40,000 books per month 40,00.000 OD. A bookstore seling 80 000 books per month 1,000 20,000 Quantry of books sold per month

Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows: 1. Show to calculate for the table below Output TFC TVC TC AFC AVC ATC MC 0     1000         1   100           2             100 3   400           4           450   5   1600           6   3200           7   6400           a) Given the partial data available, finish the table and calculate all the costs. b) What is the minimum efficient scale of Vinnie’s company? c) What is the marginal cost of 6 houses? d) If Vinnie charges $825 per house, how many houses he should paint to maximize profits?