What is the marginal revenue of producing the fortieth unit? 37 No. units produced Total Total Revenue Costs Skipped 10 120 40 20 200 100 30 270 170 40 310 260 50 330 370 Multiple Choice 80 775 40
Q: Question 34 A perfectly competitive firm has the following cost structure per day: Output Total Cost…
A: A perfectly competitive firm is one of the many firms producing identical goods.
Q: a Calculate the missing total revenue and marginale Instructions: Enter your answers as whole…
A: Total revenue, which is the full amount of total sales, is calculated by multiplying the total…
Q: In the short run the marginal cost of the first unit of output is $20, the marginal cost of…
A: Marginal cost of 1st unit = $20 Marginal cost of 2nd unit = $16 Marginal cost of 3rd unit = $12
Q: OutputAFC AVC АТС MC 1 100 40 140 40 2 50 35 85 30 3 33.33 35 68.33 35 4 25 36.25 61.25 40 5 20 38…
A: In a perfectly competitive market profit is maximized where marginal cost is equal to marginal…
Q: The revenue for a product is R(x) = - 0.004x2 + 21x – 6200 and the cost is C(x) = 0.02x + 38 for x…
A: We have the following information- R(x) = - 0.004x2 + 21x – 6200 C(x) = 0.02x + 38
Q: Question 2 (total product is Q of production) Total product TFC AFC TVC AVC TC MC $4 $_ $. 1 $12 2…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: A firm hasaverage variable Costs of RO 60 per unit, average fixed costs of RO 40 per unit and can…
A: The profit of the profit maximizing firm is maximized at a point where marginal revenue is equal to…
Q: MC Price (Rials per unit) ATC AVC 3 10 15 16 16 units and it 32. In the above figure, at a price of…
A: An economic profit is earned by a firm, if Total Revenue (TR) = P X Q, is greater than the Total…
Q: How to calculate the Marginal cost and the Revenue of producing 1, 2,...15
A: Marginal cost can be defined as the change in total cost when one more unit of extra output is…
Q: Calculate marginal profit if marginal cost and marginal revenue are $44 and $80 respectively
A: The data presented in the question above is:- Marginal revenue = $80 Marginal cost = $44 Marginal…
Q: What is the marginal net benefit of producing the twentieth unit? No. units Total Total produced…
A: Marginal net benefit refers to the additional in the net benefit. Here the marginal net benefit of…
Q: . What is the marginal revenue obtained from selling the 4th unit?
A: Marginal revenue is the change in the total revenue that results from the sale of an additional unit…
Q: What is the total cost for this firm? (omit $ sign. Report cents as needed.) MC ATC D Quantity Price…
A: The firm maximizes profit by producing at MR =MC
Q: Gino is a computer programmer who earned $30,000 in 2019. But on January 1, 2020 he opened a body…
A: Explicit cost is the actual monetary expenditure Implicit cost is the opportunity cost of doing any…
Q: If marginal cost and marginal revenue are $30 and $44 Find marginal profit
A: According to the above mentioned question, the values are:- Marginal cost = $30 Marginal revenue =…
Q: uppose perfect competitive firm short run cost function total cost=1/3q3+3q2+10Q+40 .…
A: Total Cost = 1/3q3+3q2+10Q+40 Market Price = 26
Q: A soybean farmer produces beans for soybean meal and soybean oil. She has fixed costs of $500 and…
A: profit maximization is the short run or long run process by which a firm may determine the price,…
Q: 15th Assignment Construct two graphs lined up one on top of the other. The upper graph should…
A: Let us a suppose that the firm is operating in perfect competition market which means that if firm…
Q: ONE A. Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company…
A: The equations are given as follows: MC=q+35MR=560+22q-q2 We…
Q: A bakery operating in competitive markets sells itsoutput for $20 per cake and rents ovens at $30…
A: A bakery is operating in perfectly competitive market where it sells output for $20 per cake and…
Q: Kyle owns a foreign used car dealership which sells the 2020 Toyota Aqua Hybrid. His total cost…
A: A perfectly competitive firm is a price taker and can sell any quantity of the commodity at the…
Q: Problem 9: Given below is the cost schedule of a firm. Its average fixed cost is 20 when it produces…
A:
Q: P (dollars) MC ATC 6. AVC 4 2 Q (units) 300 600 900 Consider the following cost schedule for many…
A: A competitive firm is one that produces an output at which marginal cost equates to price.
Q: 5. Profit: iPhones Assume that Apple's marginal cost function for the manufacture of x 32GB iPhone…
A: Introduction We have given Apple's cost function for the manufacture of x 32 GB iPhone 6's per hour…
Q: Find marginal profit if:- Marginal revenue =33 Marginal cost = 12
A: The data presented in the question above is:- Marginal revenue =33 Marginal cost = 12 We have to…
Q: TR = 25Q - 2Q² TC = 32 + 5Q Please create a graph illustrating relationship between the Total…
A: Total revenue is the amount generated by sales of the goods and services and it is obtained by…
Q: $1q| MC 15 AC 11 10 AVC 40 5) The above figure shows the cost curves for a competitive firm. If the…
A: The given curve is: Market price per unit is $15
Q: Find marginal profit when marginal revenue is $90 and marginal cost $50
A: # The formula for marginal profit:- = Marginal revenue - Marginal cost
Q: Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup…
A: Selling price per meal = $14 Markup price on each meal = $5 Overhead expenses = 19% of cost
Q: The marginal revenue (MR) the individual producer receives when it maximizes its profit is $…
A: Marginal cost is the additional cost of producing one more unit of a good. Marginal revenue is the…
Q: .2 Exercise 2 Consider a competitive firm with total cost function C(a) = F + 3q+ 3 or all q > 0,…
A:
Q: The marginal revenue MR =800-6q and the average cost function AC=5+300/q.Find the profit when 10…
A: Given: Marginal Revenue MR = 800-6q Average Cost Function AC=5+300/q Q=10
Q: Total product TFC AFC TVC AVC TC MC $. $. 1 $12 2 12 10 3 60 4 56 sheet) Fill out the table (already…
A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first three…
Q: Assume the following total cost schedule for a perfectly competitive firm Output TVC (S) TFC (S) 100…
A: ATC is determined by partitioning total cost by the absolute amount delivered. The ATC bend is…
Q: QUESTION 1 ssume a perfectly competitive market. he graph below indicates the price and different…
A: In a perfectly competitive market there are large number of firms producing similar and identical…
Q: Use the following data to analyze the condition when the product proce is set at $32 Assume the…
A: Given The price of the product is $32. The market is purely competitive, therefore firm can not set…
Q: If a firm's revenues do not cover its average variable costs, then that firm has reached its price…
A: The firm earns positive profit if revenues exceed total cost. Firm incurs loss if revenue is less…
Q: What is the value of Marginal profit if marginal cost is $33 and marginal revenue is $56
A: The data presented in the question above is:- Marginal cost = $33 Marginal revenue = $56 Marginal…
Q: Total product TFC AFC TVC AVC TC MC $. $_ $_ 1 $ $12 2 12 10 3 60 4 56 a. Fill out the table…
A: Disclaimer: Since you have posted a question with multiple sub-parts, we will provide the solution…
Q: he accompanying table represents the quantity produced, he total revenue, and the total cost of a…
A: In a perfectly competitive market there are large number of firms selling identical products thus…
Q: 16 14 12 LATC 10 AVC 6 4 MR 70 80 90 100 110 120 10 20 30 40 50 60 Total Cost Total Variable Cost…
A: Answer: The equilibrium in this market will occur where the marginal revenue (MR) curve and marginal…
Q: # Units Produced Total Revenue Total Costs 1 100 50 180 110 250 180 4 290 270 310 380 10. What is…
A:
Q: Calculate total revenue of a firm given that:- Profit = $500 Total cost = $1100
A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…
Q: The cost and revenue functions for a company that manufactures x table saws are given. R(x) = 200x –…
A: By dividing total revenue(TR) by quantity(x) we will get the average revenue(AR) and by dividing…
Q: P (dollars) MC ATC 60 50 AVC 35 10 Q (units) 100 300 450 Consider the following cost schedule for…
A: In perfect competition, If Price > AVC, then firm should continue production. If Price = AVC,…
Q: Marginal revenue product is measured by: mr ' price mr ' mc tr/mp mp ' price tc/mp
A: A market is a place where the buyers and the sellers interact with each other and the exchange of…
Q: Suppose the cost data below are for Shopify. a firm based in Waterloo, Ontario that is in an…
A: Marginal Cost is the change in total cost with respect to change in total output. We are going to…
Q: The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential…
A: Economic profit = revenue - total cost Total cost = implicit cost + explicit cost Implicit cost is…
Q: Calculate marginal profit if:- Marginal revenue = $50 Marginal cost = $22
A: The data presented in the question above is:- Marginal revenue = $50 Marginal cost = $22…
![What is the marginal revenue of producing the fortieth unit?
37
No. units
Total
Total
produced
Revenue
Costs
Skipped
10
120
40
20
200
100
30
270
170
40
310
260
50
330
370
Multiple Choice
4
80
7.75
40](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9a9fb6c0-9d2c-4937-92f9-c84c25c4f4aa%2F1e422ab1-18bd-4df7-8f96-c1a72ad2e31d%2F7cmvrm_processed.png&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Use the diagrams to answer the following questions. Price and cost 20- 18 16- 14- 12 10 8 6 4 2+ o Market 1 488888 MC NO₂ MR 40 55 an in en nn minn Price and cost 20- 18- 16- 14 12- 10- 8- 6- 4- 2- 0 Market 2 0000000 MC NMR Annnnn in ED ORA on noinn If the firm wants to maximize profits, what price will it charge in Market 1, and what quantity will it sell? The firm will charge a price of $ using integers). Q and will sell a quantity of units. (Enter numeric responsesHello can you please help me awnser these questions? Please show full working thank youanswer this question bu not on excel
- Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.4. Elasticity and total revenue The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 120 110 100 Total Revenue 90 B0 70 50 40 30 20 10 Demand 10 20 30 40 50 70 90 100 110 120 QUANTITY (Bippitybops) PRICE (Dollars per bippitybop)When output increase then difference be- tween TVC and TC
- A computer company produces affordable, easyto-use home computer systems and has fixed costs of$250. The marginal cost of producing computers is $700for the first computer, $250 for the second, $300 for thethird, $350 for the fourth, $400 for the fifth, $450 for thesixth, and $500 for the seventh.a. Create a table that shows the company’s output,total cost, marginal cost, average cost, variablecost, and average variable cost.b. At what price is the zero-profit point? At whatprice is the shutdown point?c. If the company sells the computers for $500, is itmaking a profit or a loss? How big is the profitor loss? Sketch a graph with AC, MC, and AVCcurves to illustrate your answer and show theprofit or loss.d. If the firm sells the computers for $300, is itmaking a profit or a loss? How big is the profitor loss? Sketch a graph with AC, MC, and AVCcurves to illustrate your answer and show theprofit or loss.2500 2000 1500 Returns te scale: 0.33 1000 Price 2 10 15 20 25 30 Size dength in feet) 35 40 Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. It only the productivity of the truck Adam chooses to rent decreases, which of the following would be true at the new profit maximizing level of output and length of truck? Select the two that apply O A decrease in marginal cost O A decrease in total costs O A decrease in total revenuo O An incroase in the amount of labor Adam hires RevenueOutput TFC TVC TC MC ATC A 25 25 ---- -- ------- 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 marginal cost of the 2nd unit of output? Cannot be determined. 15 25 30 O O O O
- Please hep with this question ? That is attatched show how calcualtion was made thank you,Are ordeing costs and carying couts cconomic ording quantily of mathial?student uae.examus.net CONTO1 FEX 2021 2 Male arguS producing a quantity of 20 units. The market price is $17. The firm's variable cost is $60 and its et is $50. What is the firm's total revenue? 15-40 1860 3340. $50. 9500471d7b8 644768 $110. 95d6477b8 95d647fd768 58047fd768 eSc MacBook Pro FI F3 888 F4 $ 5 0 E R T Y .. A を D S G 95d647fdxb8
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)
![Principles of Economics 2e](https://www.bartleby.com/isbn_cover_images/9781947172364/9781947172364_smallCoverImage.jpg)