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Total cost is C 8700 + 4.40 and total revenue is R = 5.159, both in...
need help with c-h please! 3/11 points| Previous Answers The total revenue and total cost functions...
need help with c-h please!
3/11 points| Previous Answers The total revenue and total cost functions for manufacturing Items are: TR(g)-5q2+80q and TC(Q)-q3-12q2+60q+60, where q is measured in hundreds of Items and total revenue and total cost are given in hundreds of dollars (a) Determine the quantity at which marginal revenue is 68 dollars per Thing 12/10 hundred Items (b) Find the largest interval on which total revenue is increasing from q- 0 to q8 hundred Items (c) Find the...
linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is...
linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is the slope m? m = (b) What is the marginal revenue MR? MR = What does the marginal revenue mean? 0 If the number of units sold is increased by this amount, the revenue decreases by O If the number of units sold is increased by this amount, the revenue increases by O Each additional unit sold decreases the revenue by this many dollars....
Price per Unit Total Revenue (dollars) Marginal Revenue (dollars) $85 80 75 Quantity Demanded (units) 10...
Price per Unit Total Revenue (dollars) Marginal Revenue (dollars) $85 80 75 Quantity Demanded (units) 10 11 12 Total Cost of Marginal Cost Production (dollars) (dollars) $530 540 550 560 15 16 . • • Fill out the rest of the table. What is the firm's profit maximizing output and what is the price charged to sell this output? • Calculate ATC at the profit maximizing quantity. • When producing the profit maximizing output, what is the amount of the...
Sales Revenue - Quantity sold & Selling price Total Cost - Fixed cost + Total warsalle...
Sales Revenue - Quantity sold & Selling price Total Cost - Fixed cost + Total warsalle cost Net Profit - Sales Revenue - Total cost Scenario #1 Scenario #2 Retailer Revenue Diane's Delicious Donuts... Quantity Sold 25,000 30,000 Complete the table. Price $ 1.50 $ 1.50 Total Retailer Revenue 133500145 000 Which scenario would you Consumer Revenue Quantity Sold 10,000 20,000 recommend? Price $ 1.75 $ 1.75 Total Consumer Revenue 3175 00 335 ODO Total Revenue Total Fixed Cost $...
Consider total cost and total revenue, given in the following table: In the final column, enter...
Consider total cost and total revenue, given in the following
table:
In the final column, enter profit for each quantity.
(Note: If the firm suffers a loss, enter a
negative number in the appropriate cell.)
Quantity
Total Cost
Marginal Cost
Total Revenue
Marginal Revenue
Profit
(Dollars)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
0
6
0
1
8
7
2
10
14
3
13
21
4
17
28
5
24
35
6
32
42
7
42
49
In order to maximize profit, how...
(1 point) The total cost ?(?)C(q) of producing ?q goods is given by: ?(?)=0.01?3−0.6?2+14?C(q)=0.01q3−0.6q2+14q What is...
(1 point) The total cost ?(?)C(q) of producing ?q goods is given by: ?(?)=0.01?3−0.6?2+14?C(q)=0.01q3−0.6q2+14q What is the fixed cost? fixed cost = dollars What is the maximum profit if each item is sold for 10 dollars? (Assume you sell everything you produce. Also note that you can only produce a whole number of goods.) maximum profit = dollars Suppose we fix production at 36 goods produced, and that they all sell when the price is 10 dollars each. Also suppose that for...
Suppose a fim's total cost of production (TC) is TC = 2.202 MC = 4.40 What...
Suppose a fim's total cost of production (TC) is TC = 2.202 MC = 4.40 What do the firm's average total cost curve, average variable cost curve, and marginal cost curve look like? Draw the following curves from 0 to 5 units of output. Cost (dollars per unit) 1.) Using the line drawing tool, graph the firm's average total cost curve and label it ATC'. 2.) Using the line drawing tool, graph the firm's average variable cost curve and label...
A shoe company that sells hiking boots has total revenue dollars, and the total cost where...
A shoe company that sells hiking boots has total revenue
dollars,
and the total cost
where x is the number of hiking boots produced and sold. Find the
marginal revenue (MR), Marginal cost (MC), and Marginal Profit
(MP)
r(z) = 652. c(z) 5500 152.
9. Problems and Applications Q4 Consider total cost and total revenue, given in the following table:...
9. Problems and Applications Q4 Consider total cost and total revenue, given in the following table: In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.) Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 0 8 0 1 9 8 2 10 16 3 11 24 4 13 32 5 19 40 6 27 48 7 37 56 In...
The graph below shows the marginal, average variable, and average total cost curves for a perfectly...
The graph below shows the marginal, average variable, and average total cost curves for a perfectly competitive firm. Refer to the graph to answer the following questions. Instructions: Indicate the profit-maximizing level of output. Enter your response as a whole number. Price and cost MC ATC AVC $40.50 36.00 30.00 MR 22.00 20.00 130 180 240 Quantity a. What is the amount of the fixed cost of production? $ b. Suppose the market price is $30 what is the firm's...
need help with c-h please!
3/11 points| Previous Answers The total revenue and total cost functions for manufacturing Items are: TR(g)-5q2+80q and TC(Q)-q3-12q2+60q+60, where q is measured in hundreds of Items and total revenue and total cost are given in hundreds of dollars (a) Determine the quantity at which marginal revenue is 68 dollars per Thing 12/10 hundred Items (b) Find the largest interval on which total revenue is increasing from q- 0 to q8 hundred Items (c) Find the...
linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is the slope m? m = (b) What is the marginal revenue MR? MR = What does the marginal revenue mean? 0 If the number of units sold is increased by this amount, the revenue decreases by O If the number of units sold is increased by this amount, the revenue increases by O Each additional unit sold decreases the revenue by this many dollars....
Price per Unit Total Revenue (dollars) Marginal Revenue (dollars) $85 80 75 Quantity Demanded (units) 10 11 12 Total Cost of Marginal Cost Production (dollars) (dollars) $530 540 550 560 15 16 . • • Fill out the rest of the table. What is the firm's profit maximizing output and what is the price charged to sell this output? • Calculate ATC at the profit maximizing quantity. • When producing the profit maximizing output, what is the amount of the...
Sales Revenue - Quantity sold & Selling price Total Cost - Fixed cost + Total warsalle cost Net Profit - Sales Revenue - Total cost Scenario #1 Scenario #2 Retailer Revenue Diane's Delicious Donuts... Quantity Sold 25,000 30,000 Complete the table. Price $ 1.50 $ 1.50 Total Retailer Revenue 133500145 000 Which scenario would you Consumer Revenue Quantity Sold 10,000 20,000 recommend? Price $ 1.75 $ 1.75 Total Consumer Revenue 3175 00 335 ODO Total Revenue Total Fixed Cost $...
Consider total cost and total revenue, given in the following
table:
In the final column, enter profit for each quantity.
(Note: If the firm suffers a loss, enter a
negative number in the appropriate cell.)
Quantity
Total Cost
Marginal Cost
Total Revenue
Marginal Revenue
Profit
(Dollars)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
0
6
0
1
8
7
2
10
14
3
13
21
4
17
28
5
24
35
6
32
42
7
42
49
In order to maximize profit, how...
Suppose a fim's total cost of production (TC) is TC = 2.202 MC = 4.40 What do the firm's average total cost curve, average variable cost curve, and marginal cost curve look like? Draw the following curves from 0 to 5 units of output. Cost (dollars per unit) 1.) Using the line drawing tool, graph the firm's average total cost curve and label it ATC'. 2.) Using the line drawing tool, graph the firm's average variable cost curve and label...
A shoe company that sells hiking boots has total revenue
dollars,
and the total cost
where x is the number of hiking boots produced and sold. Find the
marginal revenue (MR), Marginal cost (MC), and Marginal Profit
(MP)
r(z) = 652. c(z) 5500 152.
The graph below shows the marginal, average variable, and average total cost curves for a perfectly competitive firm. Refer to the graph to answer the following questions. Instructions: Indicate the profit-maximizing level of output. Enter your response as a whole number. Price and cost MC ATC AVC $40.50 36.00 30.00 MR 22.00 20.00 130 180 240 Quantity a. What is the amount of the fixed cost of production? $ b. Suppose the market price is $30 what is the firm's...
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