Answer
the profit is maximum at the marginal revenue equal to marginal costs
The firm produces at MR=MC
where
Q=between 20 and 30
Q=24
option C
Price (dollars per pound) ATC Market 3 -D= MR price 1 10 20 40 30 Quantity...
Price (dollars per pound) 5 MC ATC Market prio D-MR 2 1 0 10 20 30 40 Quantity (thousands of pounds) Figure 12-6 shows the demand, marginal cost (MC) and average total cost (ATC) curves for Jason's House of Apples. Refer to Figure 12-6. To maximize his proft, Jason should produce the level of output indicated by point Od OG
Refer to the figure below. MC ATC PRICE Z Y х D MR NOP QUANTITY What price will the monopolist charge in order to maximize profit? OX OZ OB C Writing Assign....docx
$ per unit MC ATC MR $40 AVC $20 2 4 6 8 10 12 Output (9) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Find the firm's short run shutdown price. (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
$ per unit MC ATC MR $20 AVC 5 10 15 20 25 30 Output (g) The graph above shows a firm's Marginal Revenue (MR), Marginal Cost (MC), Average Total Cost (ATC) and Average Variable Cost (AVC). This firm is a profit-maximizing price taker. Calculate the firm's profit. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)
1) The farmer sells apples in a perfectly competitive market at a price of $1/pound. The farmer's marginal cost, average total cost, and average variable cost curve can be represented by the following MC price ATC AVC d-MR Should the farmer continue to operate in the short run? A) No B) Can't be determined using the information provided C) Yes
Refer to the figure below. MC c B ATC PRICE A Y х MR D NO P QUANTITY How much output will the monopolist produce in order to maximize profit? 00 ON OP
Figure 12-4 Price and cost MC ATC AVC $40.50 36.00 30.00 22.00 20.00 -MR 130 180 240 Quantity Figure 12-4 shows the cost and demand curve for a profit-maximizing firm in a perfectly competitive market. 37) Refer to Figure 12-4. If the market price is $30 and if the firm is producing output, what is the amount of its total variable cost? A) $7,200 B) $6,480 C) $5,400 D) $3,960 Figure 15-6 Revenue and cost per unit $30 ATC Demand...
ATC en Price (per unit) в - Market Price P=MR В /С Quantity (units per week) Figure 23.6 Refer to Figure 23.6 for a perfectly competitive firm. Assuming that points A, B, C and D are all above AVC, this firm will maximize profits by producing the level of output that corresponds to point 11). C A) A. B) B. CC. D) D.12) Refer to Figure 23.6 for a perfectly competitive firm. If this firm produces the level of output...
50 Price and cost (cents per unit) 30 20 LRAC MR MC D o 10 20 30 40 50 Quantity (units per day If a marginal cost pricing rule is imposed on the firm in the figure above, the deadweight loss will be zero. $100. $50. ООО $200.
The graph below shows a monopolist's demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves. Management wants to adjust the production output quantity to maximize the firm's profits. What quantity should the firm aim for?Give your answer by dragging the Q line to a new position to mark the quantity at which profit is as large as possible. To refer to the graphing tutorial for this question type, please click here.