Homework Answers
Curve 1 is marginal cost curve.
Curve 2is average cost curve.
MC intersect AC at its minimum point.
MC cuts AC from below .
So from we can interpret that Curve 1 is MC and Curve 2 AC
MC> AC after the quantity 500
So the range where MC>AC Is 500 to 600
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Refer to the figure below. Over a certain range of output, the marginal cost is greater...
The graph below shows the marginal, average variable, and average total cost curves for a pizza...
The graph below shows the marginal, average variable, and average total cost curves for a pizza seller. Refer to the graph to answer the following questions. Instructions: Indicate the profit-maximizing level of output. Enter your response as a whole number. Cost Curves 3.50 3.25 3.00 2.75 Select Select Select 2.50 (S/slice) 2.00 W 1.75 1.50 1.25 1.00 0.75 0.50 0.25 100 200 300 400 500 600 700 800 900 Q -> Quantity (slices/day) a. What is the amount of the...
Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0...
Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0 0 200 0 200 1 20 20 200 100 300 300 5.00 2 50 30 200 200 400 200 3.33 3 90 40 200 300 500 166.67 2.50 4 120 30 200 400 600 150 3.33 5 140 20 200 500 700 140 5.00 6 150 10 200 600 800 133.33 10.00 7 155 5 200 700 900 128.57 20.00 a. Fill in the...
Use Table Below: Coal Mine Pollution. The table shows the marginal social benefit and cost of...
Use Table Below: Coal Mine Pollution. The table shows the
marginal social benefit and cost of various amounts of pollution
from a coal mine. If 5 tons of pollution is produced, the marginal
social benefit is _____, and the marginal social cost is
_____.
$400; $400
$300; $500
$0; $800
$800; $0
Table: Coal Mine Pollution Quantity of Marginal Marginal Pollution Social Social (tons) Benefit Cost $800 $0 700 100 600 200 500 300 400 500 200 600 700 0...
The following shows the demands and marginal revenue in two markets (D1 and MR1, and D2...
The following shows the demands and marginal revenue in two
markets (D1 and MR1, and D2 and MR2) for a price discriminating
firm along with total demand, DT, marginal revenue, MRT, and
marginal cost MC. As with the PPT slides, you can view the data
generating these lines; for reference,
D1=600–0.5Q
D2=800–0.5Q
MRT=700–0.5Q
DT=700–0.25Q
MC=0.0009Q2–0.5Q+376
The graph shows two sets of demand (D1,D2D1,D2) and marginal
revenue (MR1,MR2MR1,MR2) curves for individual markets 1 and 2,
with quantity on the horizontal axis,...
Figure 15-7 The figure below depicts the demand, marginal revenue, and marginal cost curves of a...
Figure 15-7 The figure below depicts the demand, marginal revenue, and marginal cost curves of a profit- maximizing monopolist. Price $40 30 20 Marginal Cost Demand 10 Margina Revenue 100 200 300 400 Quantity Refer to Figure 15-7. If fixed costs of production = $1,000, monopoly profit without price discrimination equals o $2,000. O $500 O $4,000. $1,000.
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
These 3 questions please！ Marginal Cost $20 Quinny Marginal Revenue Refer to Figure 15-6. What is...
These 3 questions please！
Marginal Cost $20 Quinny Marginal Revenue Refer to Figure 15-6. What is the loss of consumer surplus caused by a profit-maximizing monopoly? $100 O $125 $200 $250 Figure 15-2 The figure below reflects the cost and revenue structure for a monopoly firm. Cost and Revenue() Curve Curve Quantity Refer to Figure 15-2. What price will maximize profit? O Po ОР, OP2 OP Figure 15-6 Price Marginal Cost 00 150 200 Quantity Marginal Revenue Refer to Figure...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues...
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 $130 120 300 100 110 400 80 100 500 60 90 600 40 80 700 20 Marginal Cost (dollars) $25 32 40 Average Total Cost (dollars) $139.00 103.30 87.50 82.00 77.00 77.00 60 52 77 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a...
U Question 7 1 pts The figure below depicts the demand, marginal revenue, and marginal cost...
U Question 7 1 pts The figure below depicts the demand, marginal revenue, and marginal cost curves of a profit-maximizing monopolist. Price $40 30 20 Marginal Cost Demand 10 Marginal Revenue O 100 200 300 400 Quantity Refer to the figure above. If there are no fixed costs of production, maximized monopoly profit for a single-price monopolist that can not price discriminate equals O $500. $1,000. O $2,000. $4,000.
Refer to the table to answer the questions that follow. Marginal Cost Average Variable Cost Average...
Refer to the table to answer the questions that follow. Marginal Cost Average Variable Cost Average Total Cost Output Profit at $450 per ton -$1,000 $200 $150 -$750 Total Cost ($ Per Ton) $1,000 $1,200 $1,350 $1,550 $1,900 $2,300 $2,750 $3,250 $3,800 $4,400 $5,150 $200 $1,200 $675 $517 $475 Profit at $500 per ton -$1,000 -$700 -$350 -$50 $100 $200 Profit at $550 per ton -$1,000 -$650 -$250 $100 $300 $450 $550 $600 $600 $550 $350 -$450 -$200 -$100 $200...
The graph below shows the marginal, average variable, and average total cost curves for a pizza seller. Refer to the graph to answer the following questions. Instructions: Indicate the profit-maximizing level of output. Enter your response as a whole number. Cost Curves 3.50 3.25 3.00 2.75 Select Select Select 2.50 (S/slice) 2.00 W 1.75 1.50 1.25 1.00 0.75 0.50 0.25 100 200 300 400 500 600 700 800 900 Q -> Quantity (slices/day) a. What is the amount of the...
Use Table Below: Coal Mine Pollution. The table shows the
marginal social benefit and cost of various amounts of pollution
from a coal mine. If 5 tons of pollution is produced, the marginal
social benefit is _____, and the marginal social cost is
_____.
$400; $400
$300; $500
$0; $800
$800; $0
Table: Coal Mine Pollution Quantity of Marginal Marginal Pollution Social Social (tons) Benefit Cost $800 $0 700 100 600 200 500 300 400 500 200 600 700 0...
The following shows the demands and marginal revenue in two
markets (D1 and MR1, and D2 and MR2) for a price discriminating
firm along with total demand, DT, marginal revenue, MRT, and
marginal cost MC. As with the PPT slides, you can view the data
generating these lines; for reference,
D1=600–0.5Q
D2=800–0.5Q
MRT=700–0.5Q
DT=700–0.25Q
MC=0.0009Q2–0.5Q+376
The graph shows two sets of demand (D1,D2D1,D2) and marginal
revenue (MR1,MR2MR1,MR2) curves for individual markets 1 and 2,
with quantity on the horizontal axis,...
Figure 15-7 The figure below depicts the demand, marginal revenue, and marginal cost curves of a profit- maximizing monopolist. Price $40 30 20 Marginal Cost Demand 10 Margina Revenue 100 200 300 400 Quantity Refer to Figure 15-7. If fixed costs of production = $1,000, monopoly profit without price discrimination equals o $2,000. O $500 O $4,000. $1,000.
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
These 3 questions please！
Marginal Cost $20 Quinny Marginal Revenue Refer to Figure 15-6. What is the loss of consumer surplus caused by a profit-maximizing monopoly? $100 O $125 $200 $250 Figure 15-2 The figure below reflects the cost and revenue structure for a monopoly firm. Cost and Revenue() Curve Curve Quantity Refer to Figure 15-2. What price will maximize profit? O Po ОР, OP2 OP Figure 15-6 Price Marginal Cost 00 150 200 Quantity Marginal Revenue Refer to Figure...
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 $130 120 300 100 110 400 80 100 500 60 90 600 40 80 700 20 Marginal Cost (dollars) $25 32 40 Average Total Cost (dollars) $139.00 103.30 87.50 82.00 77.00 77.00 60 52 77 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a...
U Question 7 1 pts The figure below depicts the demand, marginal revenue, and marginal cost curves of a profit-maximizing monopolist. Price $40 30 20 Marginal Cost Demand 10 Marginal Revenue O 100 200 300 400 Quantity Refer to the figure above. If there are no fixed costs of production, maximized monopoly profit for a single-price monopolist that can not price discriminate equals O $500. $1,000. O $2,000. $4,000.
Refer to the table to answer the questions that follow. Marginal Cost Average Variable Cost Average Total Cost Output Profit at $450 per ton -$1,000 $200 $150 -$750 Total Cost ($ Per Ton) $1,000 $1,200 $1,350 $1,550 $1,900 $2,300 $2,750 $3,250 $3,800 $4,400 $5,150 $200 $1,200 $675 $517 $475 Profit at $500 per ton -$1,000 -$700 -$350 -$50 $100 $200 Profit at $550 per ton -$1,000 -$650 -$250 $100 $300 $450 $550 $600 $600 $550 $350 -$450 -$200 -$100 $200...
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