Based on the diagram the firm
should
Homework Answers
Based on the diagram above the firm should raise the marginal revenue so as when P1=VC then, Q1=MR. See the diagram illustrated below. I hope it's clear to you. Comment if your need more help.
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Based on the diagram the firm
should
Question 6 (1 point) v Saved Q1 MR Based...
need help with all of them Question 6 (1 point) In perfect competition, marginal revenue is the change in revenue from...
need help with all of them
Question 6 (1 point) In perfect competition, marginal revenue is the change in revenue from selling an additional unit of output the revenue in excess of what can be earned in the next-best alternative the last dollar needed to make zero economic profit the extra revenue generated by a $1 change in price the last dollar needed to make maximum profit Question 7 (1 point) In which of the following situations should a profit-maximizing...
ple Unanswered QUESTIONS. 1 POINT At 120 units of output, marginal revenue is $7, marginal cost...
ple Unanswered QUESTIONS. 1 POINT At 120 units of output, marginal revenue is $7, marginal cost is $7, and average cost is $6. If consumers demand 120 units of output when the price is $10, what is the expected profit? Provide your answer below: D FEEDBACK Content attribution QUESTION O.1 POINT The table below shows costs and revenues for a monopoly firm. What is this monopolist's profit-maximizing price? Quantity Price Marginal Revenue Marginal Cost Average Cost (P) (MR) (MC) (AC)...
QUESTION 49 A firm is currently producing where MC=$5 and MR=$10. This firm is O profit-maximizing...
QUESTION 49 A firm is currently producing where MC=$5 and MR=$10. This firm is O profit-maximizing under-producing over-producing O no conclusion can be made QUESTION 50 A firm should increase its production when O marginal revenue rises and marginal cost stays the same O marginal cost rises and marginal revenue stays the same O both marginal cost and marginal revenue are falling both marginal cost and marginal revenue are rising
Question 1 (Mandatory) (5 points) Saved If at an output of 10 units a monopolist is...
Question 1 (Mandatory) (5 points) Saved If at an output of 10 units a monopolist is earning a positive profit, marginal revenue is $6, and marginal cost is $4, then the monopolist A) is in equilibrium. B) should increase output. C) should reduce output. D) should raise the price at the current output level. Question 40 (Mandatory) (5 points) The marginal revenue product of a resource measures OA) the additional cost to a firm of employing one more unit of...
Question 9 1 pts In a monopolistically competitive market, a firm should advertise to the point...
Question 9 1 pts In a monopolistically competitive market, a firm should advertise to the point at which o the extra revenue from an additional dollar spent on advertising just equals the marginal cost of producing one more unit of the good. o it can raise price to the highest level possible. it is selling the most units it can possibly sell. O the additional revenue generated by one more dollar of advertising just equals the extra dollar cost of...
Question 11 3 p When a firm conducts limit pricing, it should if it wants the...
Question 11 3 p When a firm conducts limit pricing, it should if it wants the strategy to work. lower the price below the ATC raise the price until it is a monopoly lower the price below the AVC. lower the price below the marginal cost. D Question 12 3 pts A perfectly competitive firm has a lerner index equal to its marginal cost. zero. one. its price.
The graph shows the demand (D), marginal cost (MC), marginal revenue (MR), and average variable cost (AVC) curves for a firm that is a price maker for its product.
The graph shows the demand (D), marginal cost (MC), marginal revenue (MR), and average variable cost (AVC) curves for a firm that is a price maker for its product. The MC and AVC curves slope upward because one of the materials used to make the product is scarce. The firm can obtain a small supply cheaply, but additional units get more and more expensive. Additionally, the firm faces no fixed costs. If the firm is able to practice price discrimination, using...
all of them Question 1 (1 point) A firm producing a positive output level, covering variable...
all of them
Question 1 (1 point) A firm producing a positive output level, covering variable costs but making a loss in the short run O may nonetheless be doing the nest it can with respect to its profits O should exit the industry O should definitely shut down O is not maximizing profits O should either expand or contract its plant size Question 2 (1 point) The perfectly competitive firm's profits can be calculated as O (MR-ATC)Q O (P-AVC-AFC)Q....
These three questions please Question 37 (1 point) Table 16-1 A monopolistically competitive firm faces the...
These three questions please
Question 37 (1 point) Table 16-1 A monopolistically competitive firm faces the following demand curve for its product: Price (S) 10 4 8 7 6 16 8 10 5 12 4 14 3 16 2 18 20 1 Refer to Table 16-1. The firm has total fixed costs of $20 and a constant marginal cost of $5 per unit. What will the firm do? It will produce 2 units; firms will exit the market in the...
QUESTION 49 A firm is currently producing where MC-55 and MR-$10. This firm is profit-maximizing under-producing...
QUESTION 49 A firm is currently producing where MC-55 and MR-$10. This firm is profit-maximizing under-producing over-producing no conclusion can be made QUESTION 50 2 poin A firm should increase its production when marginal revenue rises and marginal cost stays the same marginal cost rises and marginal revenue stays the same both marginal cost and marginal revenue are falling both marginal cost and marginal revenue are rising Question Completion Status: If the firm produces 120 units of output with 12...
need help with all of them
Question 6 (1 point) In perfect competition, marginal revenue is the change in revenue from selling an additional unit of output the revenue in excess of what can be earned in the next-best alternative the last dollar needed to make zero economic profit the extra revenue generated by a $1 change in price the last dollar needed to make maximum profit Question 7 (1 point) In which of the following situations should a profit-maximizing...
ple Unanswered QUESTIONS. 1 POINT At 120 units of output, marginal revenue is $7, marginal cost is $7, and average cost is $6. If consumers demand 120 units of output when the price is $10, what is the expected profit? Provide your answer below: D FEEDBACK Content attribution QUESTION O.1 POINT The table below shows costs and revenues for a monopoly firm. What is this monopolist's profit-maximizing price? Quantity Price Marginal Revenue Marginal Cost Average Cost (P) (MR) (MC) (AC)...
QUESTION 49 A firm is currently producing where MC=$5 and MR=$10. This firm is O profit-maximizing under-producing over-producing O no conclusion can be made QUESTION 50 A firm should increase its production when O marginal revenue rises and marginal cost stays the same O marginal cost rises and marginal revenue stays the same O both marginal cost and marginal revenue are falling both marginal cost and marginal revenue are rising
Question 1 (Mandatory) (5 points) Saved If at an output of 10 units a monopolist is earning a positive profit, marginal revenue is $6, and marginal cost is $4, then the monopolist A) is in equilibrium. B) should increase output. C) should reduce output. D) should raise the price at the current output level. Question 40 (Mandatory) (5 points) The marginal revenue product of a resource measures OA) the additional cost to a firm of employing one more unit of...
Question 9 1 pts In a monopolistically competitive market, a firm should advertise to the point at which o the extra revenue from an additional dollar spent on advertising just equals the marginal cost of producing one more unit of the good. o it can raise price to the highest level possible. it is selling the most units it can possibly sell. O the additional revenue generated by one more dollar of advertising just equals the extra dollar cost of...
Question 11 3 p When a firm conducts limit pricing, it should if it wants the strategy to work. lower the price below the ATC raise the price until it is a monopoly lower the price below the AVC. lower the price below the marginal cost. D Question 12 3 pts A perfectly competitive firm has a lerner index equal to its marginal cost. zero. one. its price.
all of them
Question 1 (1 point) A firm producing a positive output level, covering variable costs but making a loss in the short run O may nonetheless be doing the nest it can with respect to its profits O should exit the industry O should definitely shut down O is not maximizing profits O should either expand or contract its plant size Question 2 (1 point) The perfectly competitive firm's profits can be calculated as O (MR-ATC)Q O (P-AVC-AFC)Q....
These three questions please
Question 37 (1 point) Table 16-1 A monopolistically competitive firm faces the following demand curve for its product: Price (S) 10 4 8 7 6 16 8 10 5 12 4 14 3 16 2 18 20 1 Refer to Table 16-1. The firm has total fixed costs of $20 and a constant marginal cost of $5 per unit. What will the firm do? It will produce 2 units; firms will exit the market in the...
QUESTION 49 A firm is currently producing where MC-55 and MR-$10. This firm is profit-maximizing under-producing over-producing no conclusion can be made QUESTION 50 2 poin A firm should increase its production when marginal revenue rises and marginal cost stays the same marginal cost rises and marginal revenue stays the same both marginal cost and marginal revenue are falling both marginal cost and marginal revenue are rising Question Completion Status: If the firm produces 120 units of output with 12...
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