Total Output 1 2 3 4 5 6 7 8 9 10 Price $ 100 90 80 70 60 50 40 30 20 10 Marginal Average Revenue $ 100 80 60 40 20 0 -20 -40 -60 -80 Total Cost $ 100.00 63.00 52.67 49.50 49.60 50.00 52.29 55.75 60.67 67.60 Marginal Cost $ 30 26 32 40 50 52 66 80 100 130 efer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total profit will be

Total Output 1 2 3 4 5 6 7 8 9 10 Price $ 100 90 80 70 60 50 40 30 20 10 Marginal Average Revenue $ 100 80 60 40 20 0 -20 -40 -60 -80 Total Cost $ 100.00 63.00 52.67 49.50 49.60 50.00 52.29 55.75 60.67 67.60 Marginal Cost $ 30 26 32 40 50 52 66 80 100 130 efer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total profit will be

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Activity Frame A 2191 A 1878 1565 n 1252 939 626 0 A + + 0 5 10 TOTAL REVENUE (Dollars) 3130 2817 2504 MARGINAL REVENUE (Dollars) 313 Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produced. The marginal revenue of the 10th unit produced is $ Calculate the total revenue if the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced. The marginal revenue of the 20th unit produced is $ 250 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. 225 200 175 150 125 100 75 50 25 0 15 20 25 30 35 40 QUANTITY (Number of units) -25 -50 0 A 45 50 5 10 15 Total Revenue 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 total revenue is…
K Wilbur's is the only septic service in a remote village. The firm's total fixed cost is $50 a day and its marginal cost is zero. The table gives the demand schedule for service calls. Price (dollars per service call). Quantity (service calls per day) 500 0 400 1 300 2 200 3 100 4 5 0 Draw the firm's demand curve. Label it D Draw the firm's marginal revenue curve Label it MR. Draw the firm's marginal cost curve. Label it MC Draw a point at the profit-maximizing price and output.
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
Price L M N 0 K MC ATC MR F G Output The profit-maximizing firm will be earning total revenue of OFIN OFJM OFKL OGHM
please give me correct answer and full explanation and don't use chatGPT otherwise i give downvote6
7) What is total fixed cost at the profit-maximizing quantity?
# of Hamburgers Variable Costs Fixed Costs Total Costs Average Total Cost Average Variable Cost Marginal Cost 1,000 $500 $5,000 $5,500 $1 xxxx 2,500 $1,000 $5,000 $6,000 4,000 $1,400 $5,000 $6,400 9,000 $2,400 $5,000 $7,400 13,000 $3,400 $5,000 $8,400 20,000 $10,000 $5,000 $15,000 45,000 $31,250 $5,000 $36,250
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: $…
Question 10 please solve
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Wilbur's is the only septic service in a remote village. The firm's total fixed cost is $125 a day and marginal cost is zero. The table gives the demand schedule for service calls. Price (dollars per service call) 500 400 300 200 100 0 Quantity (service calls per day) 0 2 4 Draw the firm's demand curve. Label it D. Draw the firm's marginal revenue curve. Label it MR. Draw the firm's marginal cost curve. Label it MC. Draw a point at the profit-maximizing price and output. Wilbur's economic profit is $ a dav. 689 10
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