After the government successfully intervenes, what will be the firm's total revenue? Carefully follow all numeric instructions.
Homework Answers
When the government intervenes in the market, the supply shifts to the left so that the equilibrium quantity decreases to 120 and the firm's total revenue = P*Q = 46*120 = 5520
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After the government successfully intervenes, what will be the
firm's total revenue? Carefully follow all numeric...
With no government intervention, what price will the firm charge? Carefully follow all numeric instructions; enter...
With no government intervention, what price will the firm
charge? Carefully follow all numeric instructions; enter only a
number.
* --T- -- 120 150 Quantity With no government intervention, what price will the firm charge? Carefully follow all numeris instructions: enter only a number 50
The government can fix this negative externality with a per-unit tax in what amount? Carefully follow all numeric direct...
The government can fix this negative externality with a per-unit
tax in what amount? Carefully follow all numeric directions; enter
only a number.
We were unable to transcribe this image11 II - * V- 361 -------- 120 150 Quantity The government can fix this negative externality with a per-unit tax in what amount? Carefully follow all numeric directions; enter only a number. Nov
Price 620 20 105°Quantity Carefully following all numeric instructions, calculate the firm's total profits or losses....
Price 620 20 105°Quantity Carefully following all numeric instructions, calculate the firm's total profits or losses. Indicate losses with a negative number (with negative sign) and profits with a positive number (with no sign).
PLEASE READ VERY CAREFULLY!! SHOW ALL THE CALCULATIONS! AND LIST ALL THE TOTAL REVENUE COORDINATE POINTS!!...
PLEASE READ VERY CAREFULLY!! SHOW ALL THE CALCULATIONS! AND LIST
ALL THE TOTAL REVENUE COORDINATE POINTS!!
ANSWER OPTIONS FOR NUMBER 1: 0, 0.6, 1.67,
75.02
2. ELASTIC, UNIT ELASTIC, INELASTIC
3. A DECREASE, AN INCREASE, NO CHANGE
4. ELASTIC, UNIT ELASTIC, INELASTIC
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. 300 275 250 Total Revenue 225 200 2...
Table 14-2 The following table presents cost and revenue information for Soper's Port Vineyard. COSTS Total Cost 1...
Table 14-2 The following table presents cost and revenue information for Soper's Port Vineyard. COSTS Total Cost 100 Marginal Cost Quantity Demanded 0 150 1 Quantity Produced 0 1 2 T 3 4 5 6 T 7 52 257 35 317 0 4 385 168 465 so 56297 682 1208 UAWN REVENUES Total Marginal Price Revenue Revenue 120 20 120 120 240 120 360 120 120 1480 120 120 12000 120 720 120 120 Sun 120 doo T I 29....
1. What is the total revenue of this firm if it is producing the level of...
1. What is the total revenue of this firm if it is producing the
level of output that maximizes profit/minimize loss?
A) $560
B) $420
C) $160
D) $480
2. According to the figure below, what is the total profit of
this monopoly?
A) $240
B) $-120
C) $60
D) $80
Price ($) MC1 AVC1 10 20 30 40 50 60 70 80 90 Quantity Price (s) MC1 TATC1 AVC1 10 20 30 40 50 60 70 80 90 Quantity
Table 14-2 The following table presents cost and revenue information for Soper's Port Vineyard. COSTS REVENUES...
Table 14-2 The following table presents cost and revenue information for Soper's Port Vineyard. COSTS REVENUES Quantity Produced Total Marginal Cost Quantity Demanded Total Revenue Marginal Revenue Cost Price 0 100 120 0 1 150 1 120 2 202 2 120 257 317 120 3 120 4 4 5 385 120 5 465 6 120 6 7 120 562 7 8 120 8 682 20. Refer to Table 14-2. Consumers are willing to pay $120 per unit of port wine....
1. A firm raises the price it charges. The firm's total revenue increases. What can we...
1. A firm raises the price it charges. The firm's total revenue
increases. What can we conclude about the price elasticity of
demand?
A) Demand is elastic.
B) Demand is unit elastic..
C) Demand is inelastic
D) Demand is perfectly elastic.
From the Graph above ...
2. The world price of a T-shirt is $5. The U.S. government
imposes a $2 per unit tariff on imported T-shirts. The amount of
imported T-shirts before tariff is __________and the amount of
imported...
Proft Price Number of writes gvenpien Total Total Warpiel Total Fued toduction Revenue Avenue Cost l...
Proft Price Number of writes gvenpien Total Total Warpiel Total Fued toduction Revenue Avenue Cost l P 1Q T Coast Coast Cast Coast Coast TCTC+TIC TOO TGIR 0 $80 180 0 2 0 1 2 3 4 5 120 9 12 0 $ 0 160 $80 400 120 720 ERO $960 O 1.1 20 0 31200 0 0 $300 3300 3200 200 $300 $300 5300 $150 $300 $450 $600 $750 300 3 00 M $ $75 $600 +750 150 $900...
The graph on the right shows the demand, marginal revenue, marginal cost, and average total cost...
The graph on the right shows the demand, marginal revenue, marginal cost, and average total cost curves for a monopolist. Show the impact if this firm was regulated to charge the fair-returns price? On graph 2: 1.) Using the point drawing tool, place a point at the output and price combination that would result from regulation if the monopoly was required to charge the fair-returns price. 2.) Using the triangle drawing tool, indicate the deadweight loss that would result from...
With no government intervention, what price will the firm
charge? Carefully follow all numeric instructions; enter only a
number.
* --T- -- 120 150 Quantity With no government intervention, what price will the firm charge? Carefully follow all numeris instructions: enter only a number 50
The government can fix this negative externality with a per-unit
tax in what amount? Carefully follow all numeric directions; enter
only a number.
We were unable to transcribe this image11 II - * V- 361 -------- 120 150 Quantity The government can fix this negative externality with a per-unit tax in what amount? Carefully follow all numeric directions; enter only a number. Nov
Price 620 20 105°Quantity Carefully following all numeric instructions, calculate the firm's total profits or losses. Indicate losses with a negative number (with negative sign) and profits with a positive number (with no sign).
PLEASE READ VERY CAREFULLY!! SHOW ALL THE CALCULATIONS! AND LIST
ALL THE TOTAL REVENUE COORDINATE POINTS!!
ANSWER OPTIONS FOR NUMBER 1: 0, 0.6, 1.67,
75.02
2. ELASTIC, UNIT ELASTIC, INELASTIC
3. A DECREASE, AN INCREASE, NO CHANGE
4. ELASTIC, UNIT ELASTIC, INELASTIC
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. 300 275 250 Total Revenue 225 200 2...
Table 14-2 The following table presents cost and revenue information for Soper's Port Vineyard. COSTS Total Cost 100 Marginal Cost Quantity Demanded 0 150 1 Quantity Produced 0 1 2 T 3 4 5 6 T 7 52 257 35 317 0 4 385 168 465 so 56297 682 1208 UAWN REVENUES Total Marginal Price Revenue Revenue 120 20 120 120 240 120 360 120 120 1480 120 120 12000 120 720 120 120 Sun 120 doo T I 29....
1. What is the total revenue of this firm if it is producing the
level of output that maximizes profit/minimize loss?
A) $560
B) $420
C) $160
D) $480
2. According to the figure below, what is the total profit of
this monopoly?
A) $240
B) $-120
C) $60
D) $80
Price ($) MC1 AVC1 10 20 30 40 50 60 70 80 90 Quantity Price (s) MC1 TATC1 AVC1 10 20 30 40 50 60 70 80 90 Quantity
Table 14-2 The following table presents cost and revenue information for Soper's Port Vineyard. COSTS REVENUES Quantity Produced Total Marginal Cost Quantity Demanded Total Revenue Marginal Revenue Cost Price 0 100 120 0 1 150 1 120 2 202 2 120 257 317 120 3 120 4 4 5 385 120 5 465 6 120 6 7 120 562 7 8 120 8 682 20. Refer to Table 14-2. Consumers are willing to pay $120 per unit of port wine....
1. A firm raises the price it charges. The firm's total revenue
increases. What can we conclude about the price elasticity of
demand?
A) Demand is elastic.
B) Demand is unit elastic..
C) Demand is inelastic
D) Demand is perfectly elastic.
From the Graph above ...
2. The world price of a T-shirt is $5. The U.S. government
imposes a $2 per unit tariff on imported T-shirts. The amount of
imported T-shirts before tariff is __________and the amount of
imported...
Proft Price Number of writes gvenpien Total Total Warpiel Total Fued toduction Revenue Avenue Cost l P 1Q T Coast Coast Cast Coast Coast TCTC+TIC TOO TGIR 0 $80 180 0 2 0 1 2 3 4 5 120 9 12 0 $ 0 160 $80 400 120 720 ERO $960 O 1.1 20 0 31200 0 0 $300 3300 3200 200 $300 $300 5300 $150 $300 $450 $600 $750 300 3 00 M $ $75 $600 +750 150 $900...
The graph on the right shows the demand, marginal revenue, marginal cost, and average total cost curves for a monopolist. Show the impact if this firm was regulated to charge the fair-returns price? On graph 2: 1.) Using the point drawing tool, place a point at the output and price combination that would result from regulation if the monopoly was required to charge the fair-returns price. 2.) Using the triangle drawing tool, indicate the deadweight loss that would result from...
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