Time left 0:3301The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of M02020, a luxury car manufactured by MQ Motors Assume that MQ Motors currently chooses to operate atPoint E. Which statement correctly describes the market of MQ2020710,000Price, marginal cost (5)P-55,440Select one00 10 20 Q-32Q₂Quantity of cars, QMarginal costhoprofit curve$150,000Ropret ove$63.360Demand turve120Oa Total surplus is not being masmediOb. Deadweight loss is the loss incurred by MQ Motors for not selling more carsOc All possible gains from trade are being achieved as MG Motors operates at its profit maximising output and priceOd. The amount of consumer surplus is the area ADPO Pareto efficient allocation is currently being achieved

A demand curve is a graphic representation of the shift in demand for an item brought on by a price…

Time left 0:33:01 The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of M02020, a luxury car manufactured by MQ Motors Assume that MQ Motors currently chooses to operate at Point E. Which statement correctly describes the market of MQ20207 10,000 Price, marginal cost (5) P-55,440 0 0 10 20 Q-32 Qa Quantity of cars, Q Marginal cost Select one Oa Total surplus is not being maximed Ob. Deadweight loss is the loss incurred by MQ Motors for not selling more cars hoprofit curve $150,000 Ropret curve $63.360 Demand curve 120 Oc All possible gains from trade are being achieved as MG Motors operates at its protis maximising output and price Od The amount of consumer surplus is the area ADP O Pareto efficient allocation is currently being achieved

Time left 0:33:01 The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of M02020, a luxury car manufactured by MQ Motors Assume that MQ Motors currently chooses to operate at Point E. Which statement correctly describes the market of MQ20207 10,000 Price, marginal cost (5) P-55,440 0 0 10 20 Q-32 Qa Quantity of cars, Q Marginal cost Select one Oa Total surplus is not being maximed Ob. Deadweight loss is the loss incurred by MQ Motors for not selling more cars hoprofit curve $150,000 Ropret curve $63.360 Demand curve 120 Oc All possible gains from trade are being achieved as MG Motors operates at its protis maximising output and price Od The amount of consumer surplus is the area ADP O Pareto efficient allocation is currently being achieved

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

If the ATC of the 20th unit is $35, then: A) the MC is increasing between 10 and 20 units;B) the ATC is falling between 20 and 30 units;C) the MC is falling between 20 and 30 units;D) the AVC is falling between 20 and 30 units;E) the ATC is rising between 20 and 30 units.
in the month of Janaury a car dealership bought its vehicles for $100.000 and sold them for $145,000 It pays its employees $20,000 for the month. What is the gross profit for January? Ⓒ$45.000 Ⓒ$25.000 $100.000 $145.000
Assistance please on the below
5. Demand functions are X-100-Px and Y=152-2Py Total Cost is C-6x2 + 4y2 +4xy + 110, Optimize the profit using two variable regular optimization formula.
Typed plz and asap please provide me a quality solution for better rating and take care of plagiarism also
Only typed solution
A Lyft driver has the short-run costs below, what is the fixed cost? What is the marginal cost of the 5th ride? What is the minimum price that this driver would be willing to accept for a ride?
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Output TFC TVC TC MC АТС A 25 25 ---- -- ---- -- B 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 4 25 110 33.75 F 5 25 160 50 What is the total cost at point E? 135 125 185 Cannot be determined
(b) You are the CEO for a lightweight compasses manufacturer. The demand function for the lightweight compasses is given by p 40 – 4q²where q is the number of lightweight compasses produced in millions. It costs the company $15 to make a lightweight compass. (1) Write an equation giving profit as a function of the number of lightweight compasses produced. (11) At the moment the company produces 2 million lightweight compasses and makes a pre of $18,000,000, but you would like to reduce production. What smaller number of lightweight compasses could the company produce to yield the same profit? Σ BIUG G |卡三 = 9 ..
a)Is this firm facing profit or loss or breaking cven? B) How much is the proif c) Calculate the total cost Q26 30 23 20 15 12 10 9 O Price 9 12 15 a)Is this firm facing profit or loss or breaking even? b) How much is the profit c) Calculate the total cost ✔ MR MC ATC D Quantity
Which of the following statements is FALSE? OA A process costing system would be used by manufacturers of commodities, such as flour or sugar. OB A job order costing system would be used by manufacturers of custom made products OC. Aprint and copy shop would likely use a process costing system OD. A service firm would likely use a job order costing system