Q: A bookstore sells 90 textbooks at a price of $70 a book. The average total cost is $50 per textbook.…
A: Given that : Number of textbooks = 90 Price of a book = $ 70 Average total cost = $ 50
Q: An increase in demand causes the profit on a competition sail to rise to $260. How does that change…
A: The demand is the major component that signifies a change in the major activities of price and the…
Q: f profit for the shoes firm is $400 and the cost is $800 Calculate total reven
A: Total revenue refers to price multiplied by quantity. Total revenue refers to total receipts from…
Q: A profit-maximizing firm in the short run will expand output а. until total revenue equals total…
A: A profit-maximizing firm produces a level of output at which it is a le to get maximum Profit and…
Q: If marginal revenue is $430 and the marginal cost is $320 Find marginal profit
A: According to the above given question, we are given that:- Marginal revenue = $430 Marginal cost =…
Q: Marty used to be a bartender making $5,000 a year but he quit in order to become a clown that does…
A: Explicit Costs are the actual monetary payments made in cash while conducting the business…
Q: Calculate the marginal revenue when marginal profit is $23 and the marginal cost is $78
A: # Marginal revenue is the additional revenue generated with the sale of an another unit of good and…
Q: Excess capacity is not found under
A: To find : In which case excess capacity is not found.
Q: What is the relationship between revenue cost and profit?
A:
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: A firm is selling 2,000 units per year for $30 each; it can sell sell it wants at that price but…
A:
Q: $350,000. Identify the following: a. Total Revenue b. Total Profit (or Loss) c. The firms Fixed…
A: Total revenue is the full amount of total sales of goods and services. It is calculated by…
Q: Calculate the value of operating surplus if rent is $3000, royalty is $1300, interest is $1700 and…
A: The information being provided is :- Rent = $3000 Royalty = $1300 Interest = $1700 Profit = $8000 We…
Q: Firms experience a break even point when a. Total revenue is greater than total cost b. Marginal…
A: In break-even, total revenue is equal to total cost (= variable cost + fixed cost), so the firm…
Q: Pat's Pizza Kitchen has the following total cost schedule. Price (dollars per pizza) 16- Output…
A: Output TC TFC TVC = (TC-TFC) TR = Price x Output MR MC AVC = (TVC/Output) 0 10 10 0 0 0 0 0…
Q: How equalibrum of the frim is useful for the consumers and what does it mean that " By curves of…
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Q: The firm's profit maximizing output level is ____ units. b. At the profit-maximizing level of…
A: Profit is maximized when P = MC = $10, with Q = 20.
Q: A manager makes the statement that output should be expanded as long as average revenue exceeds…
A: Average revenue: Total revenue per unit of output = Price/OutputAverage cost: Total cost / output =…
Q: Calculate Total revenue if average revenue is $15 and output is 1000
A: The information being given is:- Average revenue = $15 Output = 1000 We have to calculate the total…
Q: The inverse demand for an app is P = PD (Q) = 30-0,4. Q. The inverse demand function indicated the…
A: Given function P = P^d(Q) = 30 - 0.4Q Also, given fixed cost = 420 and marginal cost = 2 Thus, here…
Q: H&M has been selling 15,000 jackets per month for 355 ETB. When they increased the price to 500 ETB,…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Define total revenue?
A: The firm can have two different objectives, either to maximize profits or to maximize the…
Q: Ariana Grande has just finished recording her latestCD. Her record company’s marketing…
A: Total revenue is equal to the price of the commodity times its quantity. Marginal revenue refers to…
Q: The value of Marginal revenue is $40 and the value of marginal cost is $30. Is the firm maximizing…
A: Given : The value of Marginal revenue is $40 and the value of marginal cost is $30.
Q: Currently the firm is producing at a profit maximizing quantity of output and has a total revenue of…
A: Marginal cost is the additional cost of producing one more unit of a good. Marginal revenue is the…
Q: What is relationship between total revenue (TR) and cost (TC) if the price is greater than ATC (is…
A: If the price is greater than ATC, the total revenue (TR) is greater than the total cost (TC). The…
Q: Billy’s Bean Bag Emporium produced 300 bean bag chairs but sold only 275 of the units it produced.…
A: Output Produced=300 bean bag chairs Output sold=275 bean bag chairs Average cost for each unit…
Q: On a per unit basis economic profit can be determined as the difference between: a. Marginal…
A: Meaning of Opportunity Cost: The term opportunity cost refers to the situation under which the…
Q: Calculate Marginal revenue when marginal cost is 350 and the marginal profit is 80
A: # The difference between marginal revenue and marginal cost is given as the marginal profit.
Q: Michael Scott's recently founded paper company, aptly named "Michael Scott Paper Company" sets the…
A: Given Information Total Cost = 3q +10Price = $5.5/reamTotal Revenue = $34,100
Q: Find the marginal profit when the Marginal revenue is $1120 billion and marginal cost is $680…
A:
Q: Total Revenue $5,000 per Week $2,600 per Week $2,400 per Week Total Variable Cost Total Fixed Cost…
A: Total revenue = 5000 $ Total cost = Total variable cost + Fixed cost = 2600 + 2400 = 5000 $ As the…
Q: uppose fixed costs are $10,000, variable costs are $40,000 and the price of the good is $10 and…
A: fixed costs are $10,000 variable costs are $40,000 Price = $10 Quantity = 10,000
Q: The marginal revenue from the sale of x bottles of fancy sparkling water is given by R' (x) 84 0.03…
A: Given,Total revenue is the multiplication of price per unit and quantity of goods. After integrating…
Q: 1)As a firm increases production, average total cost _____. a will stay the same b will decrease c…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Designated cost incurred by the short-run firm. Select one: a. fixed cost b. total cost c. variable…
A: In short run, certain factors of production are fixed and certain factors of production are…
Q: (A) Comment on marginal revenue and marginal cost values when it is given that marginal profit is 0.…
A: Profits are the excess of revenue receipts over the costs incurred by the firm. A firm earn revenue…
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 revenue will decrease Ototal revenue will increase O total revenue will remain constant
A: Given information: There is 25% decrease in the price of bagels which leads to 20 percent increase…
Q: If change in total revenue is $360 and the change in output is 8 units Find marginal revenue
A: The data presented in the question above is:- Change In Total revenue = $360 Change in output = 8…
Q: Find the value of total revenue if output is 60 units and average revenue is $10
A: The information being given to us is:- Total revenue = ? Output = 60 units Average revenue = $10
Q: How do you calculate a firm's total cost and total revenue?
A: Total cost (TC) refers to the cost of all inputs needed to produce with the given unit of output. It…
Q: Calculate the value of marginal profit when marginal revenue Is $400 and the marginal cost is $230
A: # The marginal revenue and marginal cost helps us gain the idea about the marginal profit. The…
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: A bakery that produces 100 loaves of bread has a variable cost of $50 and a fixed cost of $200.…
A: Marginal cost is the change in total cost when another unit is produced; average cost is the total…
Q: The average profit is the difference between
A: To find : What is average profit.
Q: To produce x units of t-shirts costs C(x) = 7.50x + 1200. The revenue is R(x) = 16x. a) Find the…
A: At break even, total revenue is equals to total cost.
Q: Calculate the marginal profit when marginal revenue is $84,000 and marginal cost is $77,000
A: # Marginal profit is always given by the difference between marginal revenue and marginal cost. That…
the total cost is constant and the total revenue will increase, Explain
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- What is the total revenue when output is 1, total cost is 35, marginal cost is 10, fixed cost is 25, average cost is 35.Write down the problem the car manufacturer solves to find the levels of 'K' and 'L' that minimize cost. What two equations are used to solve it?What is the relationship between the firm,total revenue,total profit and total cost
- F a) Draw the demand process cycle and label it fully. b) A door company has the following materials in inventory. Inspect the table below and answer the following questions Material Average (in Kilograms) Price Aluminum 3884 $3.0 Steel 5850 $1.4 Iron 200 $1 Work in Progress Average Price Fence 78 230 Final Products Average Price Door 300 300 Window 550 240 i. Calculate the number of turns. ii. Calculate the cost per day.The total cost to produce hundred motors bikes is $1000. Calculate the average cost of producing the motorbikes.Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $140 for a comforter. Misu wants a 50% markup on cost instead of on selling price. What is Misu's cost?
