Option C. From the below table by taking the difference of TR-TC we get the maximum profits.
P |
Q |
TC |
TR |
Profit |
13 |
10 |
8 |
130 |
122 |
12 |
15 |
30 |
180 |
150 |
11 |
20 |
68 |
220 |
152 |
10 |
25 |
128 |
250 |
122 |
9 |
30 |
208 |
270 |
62 |
8 |
35 |
308 |
280 |
-28 |
31 of 50 (36 complete) This Question: 1 pt Suppose that the distribution of sales within an industry is as shown in the following table: Share of Total Market Sales 15 14 12 Firm 10 10 13 100% All others Total There are 13 "All others" in the industry in the above table, each of which has a share of sales equal to 1 percent. The value of the Herfindahl-Hirschman Index for this industry isEnter your response as a whole...
P $13 $12 $11 $10 $9 $8 10 14 19 25 30 35 TC $15 $25 $45 $75 $115 $165 Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist? OA, 30 OB, 14 OC. 25 O D. 19
1 Price 15 14 13 Supply 12 11 10 9 8 7 6 Demand 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 Quantity In the above figure, the vertical distance between points A and B represents a tax in the market. The amount of deadweight loss as a result of the tax is .... O A. $490. OB. $600. OC. $105. OD. $210.
QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40 45 50 55 Quantity Refer to Figure 5-5. Using the midpoint method, demand is unit elastic between prices of O a. $20 and $40. b.$50 and $70 c. $40 and $60 d. $40 and $50.
8 9 10 11 12 13 14 15 The serum cholesterol levels (in) of 20 individuals are 232, 208, 186,218, 244, 213, 237, 259, 206, 220, 235, 257, 191, 189, 228, 252, 215, 225, 201, 242 Find 30th and 75th percentiles for these cholesterol levels. (If necessary, consult a list of formulas.) (a) The 30th percentile: (b) The 75th percentile: 0
Figure 8-13 Supply 5 10 15 20 25 Desind 30 35 40 45 50 55 60 B Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on this good. The amount of tax revenue collected by the government is $120. $30. $50. $80.
Price (per unit) $35 Вooks $30 2 $25 $20 S15 $10 $5 8. The table above shows Peter's monthly demand for books. If the market price of a book is $35, Peter's consumer surplus is A. S0. B. $5 C. $10. D. $35 3 4 5 6 7 9. If the market price of a book is $15, Peter's consumer surplus is A. $0. B. $15 C. $50. D. $60. 10. Suppose that the market demand for yo-yos is given...
PREVIOUS 4414 49) Figure 8-12 Supply Demand 25 30 35 40 + 43 5 10 15 20 Refer to Figure 8-12. Suppose a S3 per-unit tax is placed on this good. The tax causes the price paid by buyers to decrease by increase by Refer to Figure 8-12. Suppose a $3 per-unit tax is placed on this good. The tax causes the price paid by buyers to decrease by $3. increase by $2. decrease by increase by Previous 44 |...
Demand for Mopeds $35 $30 $25 520 Price ($ thousands) $15 $10 S5 SO 0 2 4 12 16 6 8 10 Quantity (thousands) Alice is analyzing the American moped market for Vespa. The main competition, BMW, increased their listing price by 20% recently. Arrows are used to indicate the direction of the demand curve shift in a graph. Which is the correct direction the arrows should be drawn to reflect the moped market and which line is the old...
- 5 8 9 - 10 - 11 12 - 13 14 15 16 Below are the times (in days) it takes for a sample of 16 customers from Sarah's computer store to pay their invoices. 19,15,43, 39, 35, 31, 27, 22, 34, 34, 34, 30, 30, 30, 26, 26 Draw the frequency polygon for these data using an initial class boundary of 14.5 and a class width of 7. Note that you can add or remove classes from the...