2 u usores aa itegers)Quantity (PerTotalRevenueS270,000340,000400,000MarginalRevenuePriceWeek)15.000Marginal$1817Total Cost$290 000315.000Cost20,000$141625.0001512345.0001530 000450.00010380.0001435.00040,000420.0001340,000520.000465,000If Scahill wants to maximize prohts, what price should he charge and how many basebals should he selO Ed should chage a price ofs 14 and sa 35000 bahs Ed wil em prlt ofs2000(Enter your responses as tegers)Suppose the government imposes a tax of S25,000 per week on beseball production Now what price should Ed charge and how may banebals shoult he sel Ed sboud chargea price f edsellbaseballs (Enter your responses as witegera

Marginal revenue is the additional revenue earned from selling an additional unit of output.…

uu usores aa itegers) Quantity (Per Week) 15.000 20,000 Total Marginal Revenue Price Marginal Cost Revenue $270.000 340,000 $18 Total Cost $290 000 315.000 17 $14 16 15 25.000 30 000 400,000 12 345.000 15 450,000 10 380.000 14 35.000 400,000 S20.000 420.000 13 40,000 405.000 If Scahill wants to maximze profits, what price should he charge and how many baseballs should he sel? Ed should charge a pnice of 5 14 and sa 35000 besabas Ed wil ean peot of S7000 (Enter your responses as ntegers) Suppose the government imposes a tax of S25,000 per week on beseball production Now what price should Ed charge and how may banebals shoult he sel Ed sboud charge price f ed sell baseballs (Enter your responses as itegera

uu usores aa itegers) Quantity (Per Week) 15.000 20,000 Total Marginal Revenue Price Marginal Cost Revenue $270.000 340,000 $18 Total Cost $290 000 315.000 17 $14 16 15 25.000 30 000 400,000 12 345.000 15 450,000 10 380.000 14 35.000 400,000 S20.000 420.000 13 40,000 405.000 If Scahill wants to maximze profits, what price should he charge and how many baseballs should he sel? Ed should charge a pnice of 5 14 and sa 35000 besabas Ed wil ean peot of S7000 (Enter your responses as ntegers) Suppose the government imposes a tax of S25,000 per week on beseball production Now what price should Ed charge and how may banebals shoult he sel Ed sboud charge price f ed sell baseballs (Enter your responses as itegera

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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