Q | TR | TC | MR | MC |
0 | 0 | 0 | ||
1 | 100 | 50 | 100 | 50 |
2 | 180 | 110 | 80 | 60 |
3 | 250 | 180 | 70 | 70 |
4 | 290 | 270 | 40 | 90 |
5 | 310 | 380 | 20 | 110 |
MR (nth unit) = TR (n units) - TR ((n-1) units)
option C is correct (Q = 3)
#5 4) Suppose total benefits and total costs are given by B(Y)= 600Y-12Y2 and C(Y) =...
Total costs and total benefits are given by the equations TC(Y) = 24 + 20Y2 are given by TB(Y) = 600Y − 12Y2 , respectively. What level of Y will yield the maximum net benefits NB(Y)? 9 36 18 None of the options. 72
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.
[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.
Suppose total revenue and total costs are given by B(Y) = 100Y - 8Y2 and C(Y) = 10Y2 Then marginal costs are: a 20Y
Suppose that the total benefit and total cost from a continuous activity are B(Q) = 76 + 24Q – 2Q2 and C(Q) = 60 + 6Q. What level of Q maximize net benefits? At the value of Q that maximize net benefits, what is the value of marginal net benefits?
Total costs in the table are: Select one: a. decreasing at a decreasing rate. b. decreasing at a constant rate. c. increasing at a constant rate. d. increasing at an increasing rate. | M Control variable e 0 Total Benefits B(Q) arginal Benefit MB(Q) Marginal Cost MC(Q) Marginal Net Benefit MNB(Q) 0 900 1,700 100 200 Total Costs C(Q) 0 100 300 600 1,000 1,500 2,100 2,800 B 4,500 5,500 Net Benefits N(Q) 0 800 C 1,800 2,000 2,000 1,800...
What is the level of net benefits when four units are produced? Total Total costs No. units roduced Revenue 100 180 250 290 310 50 110 180 270 380 2 4 5 Multiple Choice 0 70 70 20
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...
Use the following table to answer questions 10 – 13: # Units Produced Total Revenue Total Costs 0 0 0 1 100 50 2 180 110 3 250 180 4 290 270 5 310 380 10. What is the marginal revenue of producing the 2nd unit? a) 50. b) 70. c) 90. d) 80. 11. What is the marginal cost of producing the 4th unit? a) 270. b) 110. c) 50. d) 90. 12. At what level of output does...
Consider the following costs and benefits associated with two treatments, A and B. Costs and benefits are in dollars Costs Treatment Yr 1 Yr2 Yr3 A 100 700 400 B 400 300 200 Benefits Treatment Yr 1 Yr2 Yr3 A 300 400 900 B 500 600 100 A. Assuming a discount rate of 5% and no discounting applied in Yr 1, calculate the present value of net benefits for each treatment. Ans. B. If the treatments are stopped after Yr 2, which...