Total cost = C ( y) = 10 Y^2
Marginal cost is ------ Derivative of total cost with respect to Y
So Marginal cost in aboce question is 20 Y i.e Derivative of total cost with respect to Y
So (A) part is a correct answer
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Suppose total revenue and total costs are given by B(Y) = 100Y - 8Y2 and C(Y)...
Suppose total benefits and total costs are given by B(Y) = 600Y − 12Y 2 and C(Y) = 20Y 2. What is the maximum level of total benefits? a. 7,500 b. 1,600 c. 2,812.5 d. None of the statements associated with this question are correct.
#5 4) Suppose total benefits and total costs are given by B(Y)= 600Y-12Y2 and C(Y) = 20Y2. What level of Y will yield the maximum net benefits? A) 300/64 B) 600/32 C) 300/8 D) 600/64 5) At what level of output does marginal cost equal marginal revenue? Total Revenue Total costs No. units produced 0 100 4 380 C) 3 B) 4 D) 2 A) 1 the interest rate is 3 percent, the present value of $900 received at the...
[Appendix material: calculus required] Suppose total benefits and total costs are given by B(Y) = 150Y − 10Y 2 and C(Y) = 5Y 2. Then marginal costs are: a. 5Y. b. 10Y. c. 2.5Y. d. 25Y.
A monopolist who sells toys faces the following demand: P(y)=100-2y. The total cost function of the monopolist is given by: c(y)=20y+10y2 . a) Find the price and quantity that maximizes the monopolist’s profit. Also calculate the profit. [3+3] b) If the monopolist can do a perfect price discrimination, then find the consumer and producer surplus.
A monopolist's total costs are given by C = 5y, where C is cost and y is output. The demand function it faces is is given by y = 65 – p where y is output and p is price. a) What is the marginal cost of each unit of output? (1) b) What level of output is the minimum average cost? (1) c) How much will the monopolist charge for each unit of output and how much output will...
A natural monopolist has the total cost function c(y) = 350 + 20y, where y is its output. The inverse demand function for the monopolist’s product is p = 100 – 2y. a) The firm is required by law to meet demand at a price equal to its marginal costs. Calculate the output, the price, profits of the firm, consumers’ surplus and the deadweight loss in the market if the firm To complies with this law. b) Suppose now that...
3. The total cost and total revenue for a necklace are given by C(x) = 35x + 1650 R(2) = 852 (a) Find the marginal cost. (b) Find the marginal revenue. (c) Find the marginal profit. (d) How many necklaces must be sold to break even?
Paulina sells beef in a competitive market where the price is $7 per pound. Her total revenue and total costs are given in the table below. Quantity of beef (lbs.) Total revenue ($) Total cost ($) Profit ($) Marginal revenue ($) Marginal cost (5) Marginal profit ($) 1 14 21 28 12 18 25 T Instructions: Round your answers to the nearest dollar and include a negative sign if appropriate. a. Fill out the table. b. At what quantity does...
Figure 12-2 Costs Total cost and revenue Total revenue e C b 1,000 Quantity Refer to Figure 12-2. Suppose the firm is currently producing Q2goods. What happens if it increases production to Q3? A) It makes less profit. B) It breaks even. C) It has a lower loss. D) It will maximize the profit.
Suppose that Jessica faces the following total cost function: C(y) = 2y2 + y + 200 Note that 200 denotes the fixed cost component. Use this information in answering this part of the submission question. (a) Find the Marginal cost function, Average Cost function, Average Variable cost function and the Average fixed cost function. Once you obtain these, sketch them on the grid below. (b) Derive the short run supply function for Jessica. Suppose p = 61. How much y...