Homework Answers
B)$ 12
At 0 quantity price will be. $ 16
Less marginal cost of production. $(4)
Combined profit. =. $ 12
Add Answer to:
The table shows the demand schedule for a particular product. Price Quantity Demanded (Units) (Dollars per...
Table: Demand Schedule of Gadgets Price of Gadget Quantity of Gadgets Demanded $10 0 $9 100...
Table: Demand Schedule of Gadgets Price of Gadget Quantity of Gadgets Demanded $10 0 $9 100 $8 200 $7 300 $6 400 $5 500 $4 600 $3 700 $2 800 $1 900 $0 1,000 Reference: Ref 14-1 Table: Demand Schedule of Gadgets (Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of Gadgets. The market for gadgets consists of two producers, Margaret and Ray. Each firm can produce gadgets with no marginal cost or fixed cost. Suppose that these two...
The following table shows the demand schedule for a particular good. Price Quantity $20 0 $16...
The following table shows the demand schedule for a particular good. Price Quantity $20 0 $16 3 $12 6 $8 9 $4 12 $0 15 a) Refer to the table above. Using the midpoint method, calculate the price elasticity of demand when price rises from $12 to $16. b) Which kind of elasticity did you find? Explain. c) If price increases from $12 to $16, calculate the total revenue for both price levels. d) What happens to total revenue when...
Table 17-4 Only two firms, ABC and MNO, sell a particular product. The following table shows...
Table 17-4 Only two firms, ABC and MNO, sell a particular product. The following table shows the demand curve for their product. Each firm has the same constant marginal cost of $4 and zero fixed cost. Price Quantity Demanded Total Revenue (Dollars per unit) (Units) (Dollars) 14 0 0 13 5 65 12 10 120 ir 15 165 10 20 200 9 25 225 8 30 240 7 35 245 6 40 240 5 45 225 4 50 200 3...
Table 1 shows the demand schedule for electricity from a coal burning utility. Table 2 shows...
Table 1 shows the demand schedule for electricity from a coal burning utility. Table 2 shows the utility's cost of producing electricity and the external cost of the pollution created. If the government levies a pollution tax such that the utility generates the efficient quantity of electricity, calculate the quantity of electricity generated, the price of electricity, the size of the pollution tax, and the tax revenue. The quantity of electricity generated is nothing kilowatts a day and the price...
The table above shows the demand schedule for gadgets.
a GadgetGadgets Demanded$10091008200730064005500460037002800190001,000The table above shows the demand schedule for gadgets. In this market, Jake and Sarah are the only producers. They each have a marginal cost of so. Let's assume both Jake and Sarah agreed to form a cartel, but jake has decided to cheat and sell 100 more gadgets. How many total gadgets will he sell? 0 250 500 350
Price(dollars) Quantity(units) WU1000 The above table gives the demand schedule for a single-price monopoly. If the...
Price(dollars) Quantity(units) WU1000 The above table gives the demand schedule for a single-price monopoly. If the marginal cost is $3, the profit maximizing output for the monopoly will be between 0 1 to 2 units. O 2 to 3 units. O 3 to 4 units. 0 4 to 5 units. O Exactly 5 units.
solution please Q(5): Price Quantity Quantity (dollars per supplied demanded pound) (pounds) (pounds) 3 1 7...
solution please
Q(5): Price Quantity Quantity (dollars per supplied demanded pound) (pounds) (pounds) 3 1 7 4 2 5 5 4 4 6 5 2 7 6 1 The above table shows the demand schedule and supply schedule for chocolate chip cookies. Use the Demand function and Supply function to find the equilibrium quantity and equilibrium price for chocolate chip cookies? Equilibrium quantity= 4 Equilibrium Price= 5 Q(6): Personal computers are becoming less expensive as new technology reduces the cost...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity M...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $110 120 300 90 110 400 70 100 500 SO 90 600 30 80 700 10 Marginal Cost Average Total Cost (dollars) dollars) $25 $139.00 32 103.30 40 87.50 50 8 0.00 62 77.00 77 7 7.00 What is the monopolist's profit at the profit maximizing level of output? $10,000 $50,000 $80,000 $0
Price Quantity Demanded 1) The above table shows Jeff's demand schedule for coffee per week. Use...
Price Quantity Demanded 1) The above table shows Jeff's demand schedule for coffee per week. Use the table to draw Jeff's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 6 | 9 112 2) The above table shows Lorissa's demand schedule for coffee per week. Use the table to draw Lorissa's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 3) Use the space above the draw the market demand curve...
Table 4-13 The demand schedule below pertains to sandwiches demanded per week. Price Harry’s Quantity Demanded...
Table 4-13 The demand schedule below pertains to sandwiches demanded per week. Price Harry’s Quantity Demanded Darby’s Quantity Demanded Jake’s Quantity Demanded $3 3 4 3 $5 1 2 x Refer to Table 4-13. Suppose Harry, Darby, and Jake are the only demanders of sandwiches. Also suppose x = 2. Then a. the slope of Jake’s demand curve is -1/2, and the slope of the market demand curve is -5/2. b. the slope of Jake’s demand curve is -1/2, and...
Table 17-4 Only two firms, ABC and MNO, sell a particular product. The following table shows the demand curve for their product. Each firm has the same constant marginal cost of $4 and zero fixed cost. Price Quantity Demanded Total Revenue (Dollars per unit) (Units) (Dollars) 14 0 0 13 5 65 12 10 120 ir 15 165 10 20 200 9 25 225 8 30 240 7 35 245 6 40 240 5 45 225 4 50 200 3...
Price(dollars) Quantity(units) WU1000 The above table gives the demand schedule for a single-price monopoly. If the marginal cost is $3, the profit maximizing output for the monopoly will be between 0 1 to 2 units. O 2 to 3 units. O 3 to 4 units. 0 4 to 5 units. O Exactly 5 units.
solution please
Q(5): Price Quantity Quantity (dollars per supplied demanded pound) (pounds) (pounds) 3 1 7 4 2 5 5 4 4 6 5 2 7 6 1 The above table shows the demand schedule and supply schedule for chocolate chip cookies. Use the Demand function and Supply function to find the equilibrium quantity and equilibrium price for chocolate chip cookies? Equilibrium quantity= 4 Equilibrium Price= 5 Q(6): Personal computers are becoming less expensive as new technology reduces the cost...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $110 120 300 90 110 400 70 100 500 SO 90 600 30 80 700 10 Marginal Cost Average Total Cost (dollars) dollars) $25 $139.00 32 103.30 40 87.50 50 8 0.00 62 77.00 77 7 7.00 What is the monopolist's profit at the profit maximizing level of output? $10,000 $50,000 $80,000 $0
Price Quantity Demanded 1) The above table shows Jeff's demand schedule for coffee per week. Use the table to draw Jeff's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 6 | 9 112 2) The above table shows Lorissa's demand schedule for coffee per week. Use the table to draw Lorissa's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 3) Use the space above the draw the market demand curve...
Most questions answered within 3 hours.
-
The following are the Jensen Corporation's unit costs of making
and selling an item at a...
asked 19 minutes ago -
Does direct Medicare reimbursement of Advanced practice nurses
increase access to their services?
asked 1 hour ago -
List and explain why a company would choose to use a
published
compensation survey vs. creating...
asked 1 hour ago -
A discrete random variable X can take values from 1 to 10. Find
the variance of...
asked 1 hour ago -
The primary financial goal of a corporation is to maximize:
shareholders wealth.
earnings per share.
stock...
asked 1 hour ago -
determine whether the vectors u=(1,2,3,), v=(-2,1,0) and
w=(1,0,1) are linearly dependent or independent.
asked 1 hour ago -
python
Define a function called print_values which takes a dictionary
object as a parameter. The function...
asked 2 hours ago -
In Chapter 1 you created a program named Triangle in
which you displayed a seven-line triangle...
asked 2 hours ago -
Research question: What are the differences between separately
stated and non separately stated transactions in an...
asked 3 hours ago -
By using Arduino write a code that connects two LEDs to two
push-buttons. Each button controls...
asked 4 hours ago -
Bank of America has bonds that pay a coupon interest rate of 5.5
percent and mature...
asked 4 hours ago -
Problem: Patient Fees C++
You are to write a program that computes a patient’s bill for...
asked 6 hours ago