how to calculate profit maximizing output how do I calculate profit maximizing output when C=qsquared +4q+...
how to calculate profit maximizing output
how do I calculate profit maximizing output when C=qsquared +4q+ 18 and MC=2q +4
Homework Answers
In order to calculate, profit-maximizing output marginal revenue must be equated to the marginal cost i.e. MR = MC. This condition is applicable in all market and profit-maximizing output is calculated by equating the marginal revenue and marginal cost. Graphically, the profit-maximizing output is established at the intersection point of marginal revenue and marginal cost. The second condition for the profit-maximizing output is that the marginal cost curve should cut the marginal revenue curve from below or we can say that marginal cost should rise after cutting the marginal revenue curve.
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how to calculate profit maximizing output
how do I calculate profit maximizing output when
C=qsquared +4q+...
A competitive firm's cost of producing q units of output is C = 18 + 4q + q^2 Its corresponding m...
A competitive firm's cost of producing q units of output is C = 18 + 4q + q^2 Its corresponding marginal cost is MC = 4 + 2q. a. The firm faces a market price p = $24. Create a spreadsheet with q = 0, 1, 2, ..... 15, where the columns are q, R, C, VC, AVC, MC, and profit. Determine the profit-maximizing output for the firm and the corresponding profit. Should the firm produce this level of output...
1) The profit maximizing output for this monopolist is ________ units (numeric). 2) The profit maximizing...
1) The profit maximizing output for this monopolist is ________
units (numeric).
2) The profit maximizing price this monopolist will charge is $
_______(Numeric).
3) The total revenue (TR) this monopolist will receive when it
maximizes its profit is $ _______(Numeric).
4) The average total cost (ATC) this monopolist will experience
when it maximizes its profit is $ _______(Numeric).
5) The total cost (TC) this monopolist will experience when it
maximizes its profit is $ _______(Numeric).
6) This monopolist earns...
(Figure: The Profit-Maximizing Output and Price) Use Figure: TheProfit-Maximizing Output and Price. Assume that there...
(Figure: The Profit-Maximizing Output and Price) Use Figure: The
Profit-Maximizing Output and Price. Assume that there are no fixed
costs and AC = MC = $200. The profit-maximizing
output for a monopolist is:0.20.16.8.
(Figure: The Profit-Maximizing Output and Price) Use Figure: TheProfit-Maximizing Output and Price. Assume that there...
(Figure: The Profit-Maximizing Output and Price) Use Figure: The
Profit-Maximizing Output and Price. Assume that there are no fixed
costs and AC = MC = $200. At the profit-maximizing output and price
for a perfectly competitive industry, economic profit for the firms
in the industry is:$200.$1,600.$3,200.$0.
12. At the profit maximizing output, calculate Beth's profit: a. $100 b. $200 c. -$2.50 d....
12. At the profit maximizing output, calculate Beth's profit: a. $100 b. $200 c. -$2.50 d. $40 5 13. Now suppose Beth's greedy father charges her to use the family lawn mower-$100 per week. Everything else is unchanged. How will this change affect the optimal number of acres to mow? a. b. c. Quantity will increase Quantity will decrease Quantity will remain unchanged 14. Suppose instead that Beth's father requires her to pay 50 percent of her weekly profits as...
If P = $8 and MC = $5 + 2Q, the competitive firm's profit-maximizing level of...
If P = $8 and MC = $5 + 2Q, the competitive firm's profit-maximizing level of output is: a. 1.5 b. 0.2 c. 8 d. 15
Given the profit function = -500 + 200Q - 4Q^2, where Q corresponds to output, do...
Given the profit function = -500 + 200Q - 4Q^2, where Q corresponds to output, do the following: (a) Find that value of Q that maximizes profit. (b) How do you know that your value of Q maximizes profit? (c) What is the maximum value of profit?
Figure: A Profit-Maximizing Monopoly Firm Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly Firm (Figure: A Profit-Maximizing...
Figure: A Profit-Maximizing Monopoly Firm
Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly
Firm
(Figure: A Profit-Maximizing Monopoly Firm) Use Figure: A
Profit-Maximizing Monopoly Firm. This firm's cost per unit at its
profit-maximizing quantity is:
Select one:
a. $8.
b. $20.
c. $15.
d. $18.
We were unable to transcribe this imageP, MR MC, ATC $50 MC ATC 100 150 200 250 300 400 Quantity of output (per week) Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly Firm (Figure: A Profit-Maximizing Monopoly...
Can you provide explanation or show work on how to do it? 32. The profit-maximizing condition...
Can you provide explanation or show work on how to do it?
32. The profit-maximizing condition for a perfectly co maximizing condition for a perfectly competitive firm is: A. MR = P. B. MR = AVC. C. P = MC. D. P = AVC. Output (Bicycles per week) van AWN- Total Cost (Dollars) 100 200 310 440 580 730 900 1,200 33. Refer to the table shown. If the output of bicycles is 4 per week, the average cost of...
once i find the profit maximizing level of output if all i have is marginal cost,...
once i find the profit maximizing level of output if all i have is marginal cost, average foxed cost, average variable cost, and market price in a perfectly competitive industry how do i find the firm's profit at the given level of output?
1) The profit maximizing output for this monopolist is ________
units (numeric).
2) The profit maximizing price this monopolist will charge is $
_______(Numeric).
3) The total revenue (TR) this monopolist will receive when it
maximizes its profit is $ _______(Numeric).
4) The average total cost (ATC) this monopolist will experience
when it maximizes its profit is $ _______(Numeric).
5) The total cost (TC) this monopolist will experience when it
maximizes its profit is $ _______(Numeric).
6) This monopolist earns...
(Figure: The Profit-Maximizing Output and Price) Use Figure: The
Profit-Maximizing Output and Price. Assume that there are no fixed
costs and AC = MC = $200. The profit-maximizing
output for a monopolist is:0.20.16.8.
(Figure: The Profit-Maximizing Output and Price) Use Figure: The
Profit-Maximizing Output and Price. Assume that there are no fixed
costs and AC = MC = $200. At the profit-maximizing output and price
for a perfectly competitive industry, economic profit for the firms
in the industry is:$200.$1,600.$3,200.$0.
12. At the profit maximizing output, calculate Beth's profit: a. $100 b. $200 c. -$2.50 d. $40 5 13. Now suppose Beth's greedy father charges her to use the family lawn mower-$100 per week. Everything else is unchanged. How will this change affect the optimal number of acres to mow? a. b. c. Quantity will increase Quantity will decrease Quantity will remain unchanged 14. Suppose instead that Beth's father requires her to pay 50 percent of her weekly profits as...
Figure: A Profit-Maximizing Monopoly Firm
Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly
Firm
(Figure: A Profit-Maximizing Monopoly Firm) Use Figure: A
Profit-Maximizing Monopoly Firm. This firm's cost per unit at its
profit-maximizing quantity is:
Select one:
a. $8.
b. $20.
c. $15.
d. $18.
We were unable to transcribe this imageP, MR MC, ATC $50 MC ATC 100 150 200 250 300 400 Quantity of output (per week) Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly Firm (Figure: A Profit-Maximizing Monopoly...
Can you provide explanation or show work on how to do it?
32. The profit-maximizing condition for a perfectly co maximizing condition for a perfectly competitive firm is: A. MR = P. B. MR = AVC. C. P = MC. D. P = AVC. Output (Bicycles per week) van AWN- Total Cost (Dollars) 100 200 310 440 580 730 900 1,200 33. Refer to the table shown. If the output of bicycles is 4 per week, the average cost of...
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