mmun X SCC PortalGuard -SCC Portal Lo x Assignments. Microeconomics Chapter 9 HW nnect.mheducation.com/flow/connect.html Saved HW Profit per Average Unit (Price Total Cost Output Marginal Marginal Total Revenue Price Total Cost Total Profit Minus per Month Revenue* Cost Average Cost) $4 -$60,000 $ 60,000 90,000 $1,000 100 1,000 100,000 10,000 $1,000 24300 $900 $100 200 1,000 200,000 130,000 70,000 1,000 400 650 350 600 1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 400 300,000 400,000 500,000 600,000 700,000 800,000 900,000 180,000 120,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 300 160,000 600 600 400 240,000 320,000 420,000 400 nces 500 180,000 800 640 360 1,000 1,260 1,740 1,998 700 300 180,000 154,000 80,000 -19,800 600 780 220 546,000 720,000 919,800 700 800 900 100 1,022 -22 900 Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal cost. Very few manufacturers deal in units of 1. Instructions: Enter your responses as a whole umber. (a) What was the prevailing computer price in 1978? < Prev 6 of 9 Next > cation DELL
mmun X SCC PortalGuard -SCC Portal Lo x Assignments. Microeconomics Chapter 9 HW nnect.mheducation.com/flow/connect.html Saved HW Profit per Average Unit (Price Total Cost Output Marginal Marginal Total Revenue Price Total Cost Total Profit Minus per Month Revenue* Cost Average Cost) $4 -$60,000 $ 60,000 90,000 $1,000 100 1,000 100,000 10,000 $1,000 24300 $900 $100 200 1,000 200,000 130,000 70,000 1,000 400 650 350 600 1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 400 300,000 400,000 500,000 600,000 700,000 800,000 900,000 180,000 120,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 300 160,000 600 600 400 240,000 320,000 420,000 400 nces 500 180,000 800 640 360 1,000 1,260 1,740 1,998 700 300 180,000 154,000 80,000 -19,800 600 780 220 546,000 720,000 919,800 700 800 900 100 1,022 -22 900 Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and revenues from one output level to another by 100 to calculate marginal revenue and marginal cost. Very few manufacturers deal in units of 1. Instructions: Enter your responses as a whole umber. (a) What was the prevailing computer price in 1978? < Prev 6 of 9 Next > cation DELL
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
(A) what was the prevailing computer
(B) how much total profit did the typical firm earn?
(C)at what price would profits have been zero?
(D) at what price would the firm have shut down?
Transcribed Image Text:mmun X
SCC PortalGuard -SCC Portal Lo x Assignments. Microeconomics
Chapter 9 HW
nnect.mheducation.com/flow/connect.html
Saved
HW
Profit per
Average Unit (Price
Total
Cost
Output
Marginal Marginal
Total
Revenue
Price
Total Cost Total Profit
Minus
per
Month
Revenue*
Cost
Average
Cost)
$4
-$60,000
$ 60,000
90,000
$1,000
100
1,000
100,000
10,000
$1,000
24300
$900
$100
200
1,000
200,000
130,000
70,000
1,000
400
650
350
600
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
400
300,000
400,000
500,000
600,000
700,000
800,000
900,000
180,000
120,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
300
160,000
600
600
400
240,000
320,000
420,000
400
nces
500
180,000
800
640
360
1,000
1,260
1,740
1,998
700
300
180,000
154,000
80,000
-19,800
600
780
220
546,000
720,000
919,800
700
800
900
100
1,022
-22
900
Note that output levels are calibrated in hundreds in this example; that's why we have divided the
change in total costs and revenues from one output level to another by 100 to calculate marginal
revenue and marginal cost. Very few manufacturers deal in units of 1.
Instructions: Enter your responses as a whole umber.
(a) What was the prevailing computer price in 1978?
< Prev
6 of 9
Next >
cation
DELL
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