Use the chart to solve the following: Calculate the Marginal Cost at Q 100? Calculate the...
Use the chart to solve the following:
Calculate the Marginal Cost at Q 100?
Calculate the Marginal Cost at Q 200?
Calculate the Average Total Cost at Q 200?
|
Q |
P=D |
TC |
|
0 |
$30.00 |
$3,000 |
|
100 |
$20.00 |
$4,500 |
|
200 |
$10.00 |
$6,500 |
Homework Answers
The marginal cost is the addition made to the total cost when an additional unit of the commodity is priduced.
MC
1. Marginal cost at Q 100 
2. Marginal cost at the Q 200. 
.
.
3. ATC at Q200.
.
.
Add Answer to:
Use the chart to solve the following:
Calculate the Marginal Cost at Q 100?
Calculate 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...
D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve,...
D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the variable cost when the quantity (Q) being produced is 6? P MC ATC /AVC $15 $11 $8 Q O $66 $8 O $15 $11 Question 8 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average...
Complete the following chart. Quantity Total Cost (TC) Total Fixed Cost (FC) Total Variable Cost (VC)...
Complete the following chart. Quantity Total Cost (TC) Total Fixed Cost (FC) Total Variable Cost (VC) Average Total Cost (ATC) Average Fixed Cost (AFC) Average Variable Cost (AVC) Marginal Cost 0 100 0 1 50 2 80 3 100 4 110 5 130 6 160 7 200 8 250 9 310 10 380
2. The following table shows the relevant information about cost Use the information to calculate the...
2. The following table shows the relevant information about cost Use the information to calculate the missing information; where: information about cost for a particular firm. L = Labor ; Q=Quantity produced / total product (TP) of labor TC = Total Cost; ATC = Average Total Cost; MC = Marginal Cost (4 points) TC ATC MC 0 200 4 240 60 14
a monopolist faces the following demand curve, marginal revenue curve, total cost curve and marginal cost...
a monopolist faces the following demand curve, marginal revenue curve, total cost curve and marginal cost curve for its product: Q=200-2P MR=100-Q TC=5Q MC=5 What level of output maximizes total revenue? A) 95 B) 0 C) 90 D)100 What is the profit maximizing level output? A)0 B)100 C)90 D)95 How much profit does the monopolist earn? A)4512.50 B)5.00 C)475.00 D)4987.50
7) The total cost (TC) of producing computer software diskettes (Q) is given as: TC -...
7) The total cost (TC) of producing computer software diskettes (Q) is given as: TC - 200 + SQ. What is the marginal cost? A) 200 B) 50 C) 5+ (200/0) D) 5 8) The total cost (TC) of producing computer software diskettes (Q) is given as: TC - 200+ 50. What is the average total cost? A) 500 C) 50 B) 5+ (200/0) D) 5 enne n The marginal cost is constant at $0.10 for all
Calculate the missing total-revenue and marginal-revenue amounts a. Calculate the missing total-revenue and marginal-revenue amounts. mbers...
Calculate the missing total-revenue and marginal-revenue amounts
a. Calculate the missing total-revenue and marginal-revenue amounts. mbers be sure to Instructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative nu include a negative sign () in front of those numbers. Production and Costs Demand Total Marginal Total Average Fixed Average Average Total Marginal Price Demanded Revenue Revenue $115 100 83 uct Cost Variable Cost Cost Cost $45.00 42 50 40 00 37.50...
3. For each of the total cost functions listed below, write the corresponding expressions for marginal...
3. For each of the total cost functions listed below, write the corresponding expressions for marginal cost and average cost. Then, for each part, draw the average cost curve and marginal cost curve on the same graph. a TC(Q)=102 TC(Q)=160+10g TC(Q)=100 d. TC(Q)=10/2 e TC(Q)=160+10Q2
1. Suppose that demand is given by P=100-Q, marginal revenue is MR=100-2Q, and marginal cost (and...
1. Suppose that demand is given by P=100-Q, marginal revenue is MR=100-2Q, and marginal cost (and average cost) is constant at 20. a. What single price will maximize a monopolist's profit? b. What will be the prices and quantity under two-part pricing? It involves a lump sum fee (e.g., membership fee) equal to the consumer surplus at competitive prices and user fees (i.e., unit price) equal to the competitive price. c. Now the monopolist has another group of consumers whose...
Scenario: Suppose that the demand is given by: P = 100 – Q Marginal Revenue is...
Scenario: Suppose that the demand is given by: P = 100 – Q Marginal Revenue is MR = 100 – 2Q and Total Cost function is : TC(Q) = 20Q Assume the firm is a price-maker (monopolist). What is the maximum profit?
D Question 7 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average Total Cost (ATC) curve. What is the variable cost when the quantity (Q) being produced is 6? P MC ATC /AVC $15 $11 $8 Q O $66 $8 O $15 $11 Question 8 1 pts Use the following graph that shows the marginal cost (MC) curve, the Average Variable Cost (AVC) curve, and the Average...
2. The following table shows the relevant information about cost Use the information to calculate the missing information; where: information about cost for a particular firm. L = Labor ; Q=Quantity produced / total product (TP) of labor TC = Total Cost; ATC = Average Total Cost; MC = Marginal Cost (4 points) TC ATC MC 0 200 4 240 60 14
7) The total cost (TC) of producing computer software diskettes (Q) is given as: TC - 200 + SQ. What is the marginal cost? A) 200 B) 50 C) 5+ (200/0) D) 5 8) The total cost (TC) of producing computer software diskettes (Q) is given as: TC - 200+ 50. What is the average total cost? A) 500 C) 50 B) 5+ (200/0) D) 5 enne n The marginal cost is constant at $0.10 for all
Calculate the missing total-revenue and marginal-revenue amounts
a. Calculate the missing total-revenue and marginal-revenue amounts. mbers be sure to Instructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative nu include a negative sign () in front of those numbers. Production and Costs Demand Total Marginal Total Average Fixed Average Average Total Marginal Price Demanded Revenue Revenue $115 100 83 uct Cost Variable Cost Cost Cost $45.00 42 50 40 00 37.50...
3. For each of the total cost functions listed below, write the corresponding expressions for marginal cost and average cost. Then, for each part, draw the average cost curve and marginal cost curve on the same graph. a TC(Q)=102 TC(Q)=160+10g TC(Q)=100 d. TC(Q)=10/2 e TC(Q)=160+10Q2
1. Suppose that demand is given by P=100-Q, marginal revenue is MR=100-2Q, and marginal cost (and average cost) is constant at 20. a. What single price will maximize a monopolist's profit? b. What will be the prices and quantity under two-part pricing? It involves a lump sum fee (e.g., membership fee) equal to the consumer surplus at competitive prices and user fees (i.e., unit price) equal to the competitive price. c. Now the monopolist has another group of consumers whose...
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