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Fill in the blanks: 9. To find the revenue-maximizing combination of outputs, a firm will reach...
Total Revenue Marginal Revenue 1) For the following firm in a competitive market, COSTS REVENUES Quantity...
Total Revenue Marginal Revenue 1) For the following firm in a competitive market, COSTS REVENUES Quantity Total Marginal Quantity Produced Cost Cost Demanded Price SO $80 $50 $80 $102 $80 $157 $80 $217 SSO $285 $80 $365 $80 $462 $80 8 $582 IS $80 a) Fill the column for marginal cost, total revenue and marginal revenue. b) What is interesting about the numbers you find for marginal revenue. c) Based on profit maximization rule that you learned in Chapter 14...
6. Given the following function TR(R) 6000 -40 TCQ) 1000 +10,200 a. Find the revenue maximizing...
6. Given the following function TR(R) 6000 -40 TCQ) 1000 +10,200 a. Find the revenue maximizing level of output (check 2d order conditions also), b. Find the maximum revenue c. Find the corresponding profit function d. Find the profit maximizing level of output (check 2nd order conditions also) e. Find the maximum profit 7. Given the following function TR(x)-3x260x TC(x) = 5,500 + 50x a. Find the revenue maximizing level of output check 2d order conditions also), b. Find the...
1.If a cartel firm is producing a quantity at which the marginal revenue is $2 and...
1.If a cartel firm is producing a quantity at which the marginal revenue is $2 and the marginal cost is $2, the firm a. is producing the agreed upon quantity b. has erected a barrier to entry c. is producing less than the agreed upon quantity d. has acted in self-interest 2.If a monopolist is producing the profit-maximizing output level and at this output level, the marginal cost is 4 and the profit-maximizing price is $9, what is the make...
9. Fill in the blanks. Be as specific as possible. (3 pts.cach) a) Ir the pressure...
9. Fill in the blanks. Be as specific as possible. (3 pts.cach) a) Ir the pressure of gas doubles (at the same temperature and the same amount of pus) then the volume of the gas will b) If the amount of gas doubles at the same temperature and pressure, then the volume of the gas will .) If the temperature of a gas increases then the average kinetic energy d) If the temperature of a gas decreases then the average...
need to find the blanks an fill them in given this info please! thank you! Trial...
need to find the blanks an fill them in given this info please!
thank you!
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,000 19,000 25,000 6,000 11,000 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 87,000 4,000 96,000 9,000 4,000 48,000
Please fill in the blanks Drop down options for fill in blanks: 1. Checking account, debit...
Please fill in the blanks
Drop down options for fill in blanks:
1. Checking account, debit card, OR student
loan
2. between 500 and 1000 OR without any dollar
limitation
3. only for emergencies OR whenever its
convenient
4. living beyond your means OR managing your
cash wisely
5. when you decide to write a check for them OR
based on a regular disbursement schedule
6. requires OR doesn't require
7. for $25,000 or more OR with no dollar
limitation...
if you can include step by step that would be awesome. getting confused Chapter 9 Perfect...
if
you can include step by step that would be awesome. getting
confused
Chapter 9 Perfect Competition Fill {3} & {5} (1) Total columns (2) Total Marginal Revenue Total Cost (5) Marginal Cost Product Revenue 0 270 340 655 786 917 1048 1179 880 1310 1030 Questions 1. What rule do you use to determine the quantity (max.profits) that will maximize profits? Write out the rule here. What is the Profit maximizing quantity the firm will produce? 2. What is...
Consider a two input firm which faces an aggregate technology for perfect compliments of y=min(3x1,x2). a....
Consider a two input firm which faces an aggregate technology for perfect compliments of y=min(3x1,x2). a. Plot isoquants for y=3,6 and 9 b. What are the returns of scale for this production function? c. For all possible prices on output, p, and on inputs, w1 and w2, are their price combinations for which a profit maximizing firm would not be able to select a price maximizing quantity (or at least one greater than 0)? Give a restriction on prices such...
The table below represents the output and cost structure for a firm. The market is perfectly...
The table below represents the output and cost structure for a firm. The market is perfectly competitive, and the market price is $10. Total costs include all implicit opportunity costs. Total Cost Marginal Marginal Cost Revenue Total Revenue 0 Average Total Cost Average Variable Cost Output 0 Profit 3 XXX XXX 1 2 7 9 10 10 20 30 3 4 12 40 5 16 50 6 22 60 7 30 70 8 40 80 90 9 52 10 68...
The table below represents the output and cost structure for a firm. The market is perfectly...
The table below represents the output and cost structure for a firm. The market is perfectly competitive, and the market price is $10. Total costs include all implicit opportunity costs. Output Total Cost Total Revenue Profit Marginal Cost Marginal Revenue Averrage Total Cost Average Variable Cost 0 3 0 1 7 10 2 9 20 3 10 30 4 12 40 5 16 50 6 22 60 7 30 70 8 40 80 9 52 90 10 68 100 ...
Total Revenue Marginal Revenue 1) For the following firm in a competitive market, COSTS REVENUES Quantity Total Marginal Quantity Produced Cost Cost Demanded Price SO $80 $50 $80 $102 $80 $157 $80 $217 SSO $285 $80 $365 $80 $462 $80 8 $582 IS $80 a) Fill the column for marginal cost, total revenue and marginal revenue. b) What is interesting about the numbers you find for marginal revenue. c) Based on profit maximization rule that you learned in Chapter 14...
6. Given the following function TR(R) 6000 -40 TCQ) 1000 +10,200 a. Find the revenue maximizing level of output (check 2d order conditions also), b. Find the maximum revenue c. Find the corresponding profit function d. Find the profit maximizing level of output (check 2nd order conditions also) e. Find the maximum profit 7. Given the following function TR(x)-3x260x TC(x) = 5,500 + 50x a. Find the revenue maximizing level of output check 2d order conditions also), b. Find the...
1.If a cartel firm is producing a quantity at which the marginal revenue is $2 and the marginal cost is $2, the firm a. is producing the agreed upon quantity b. has erected a barrier to entry c. is producing less than the agreed upon quantity d. has acted in self-interest 2.If a monopolist is producing the profit-maximizing output level and at this output level, the marginal cost is 4 and the profit-maximizing price is $9, what is the make...
9. Fill in the blanks. Be as specific as possible. (3 pts.cach) a) Ir the pressure of gas doubles (at the same temperature and the same amount of pus) then the volume of the gas will b) If the amount of gas doubles at the same temperature and pressure, then the volume of the gas will .) If the temperature of a gas increases then the average kinetic energy d) If the temperature of a gas decreases then the average...
need to find the blanks an fill them in given this info please!
thank you!
Trial Balance Debit Credit Adjusted Trial Balance Debit Credit 33,000 19,000 25,000 6,000 11,000 Account Titles Accounts Receivable Prepaid Insurance Supplies Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue Insurance Expense Depreciation Expense Supplies Expense Salaries and Wages Expense 87,000 4,000 96,000 9,000 4,000 48,000
Please fill in the blanks
Drop down options for fill in blanks:
1. Checking account, debit card, OR student
loan
2. between 500 and 1000 OR without any dollar
limitation
3. only for emergencies OR whenever its
convenient
4. living beyond your means OR managing your
cash wisely
5. when you decide to write a check for them OR
based on a regular disbursement schedule
6. requires OR doesn't require
7. for $25,000 or more OR with no dollar
limitation...
if
you can include step by step that would be awesome. getting
confused
Chapter 9 Perfect Competition Fill {3} & {5} (1) Total columns (2) Total Marginal Revenue Total Cost (5) Marginal Cost Product Revenue 0 270 340 655 786 917 1048 1179 880 1310 1030 Questions 1. What rule do you use to determine the quantity (max.profits) that will maximize profits? Write out the rule here. What is the Profit maximizing quantity the firm will produce? 2. What is...
The table below represents the output and cost structure for a firm. The market is perfectly competitive, and the market price is $10. Total costs include all implicit opportunity costs. Total Cost Marginal Marginal Cost Revenue Total Revenue 0 Average Total Cost Average Variable Cost Output 0 Profit 3 XXX XXX 1 2 7 9 10 10 20 30 3 4 12 40 5 16 50 6 22 60 7 30 70 8 40 80 90 9 52 10 68...
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