Homework Answers
Answer
Q=3000
the MR curve is double sloped than an inverse demand curve so
the MR cuts the x-axis at half of the quantity of the demand curve
cut.
demand curve x-axis intercept =6000
MR x-axis intercept =6000*0.5=3000
MR is zero when it cut the x-axis as it is measured on the
y-axis.
Add Answer to:
Refer to the graph below: Price (Dollars) 6,000 Quantity Marginal revenue is zero at Q= 0 1,00 units O O 3,000 units 6,...
Refer to the graph below: Price (Dollars) 6,000 Quantity The equation for demand is O Q=6,000...
Refer to the graph below: Price (Dollars) 6,000 Quantity The equation for demand is O Q=6,000 - 60P O Q = 60 -0.01P. O P=60 -0.010 O P=6,000 - 600
Refer to the graph below: Price (Dollars) 6.000 Quantity The equation for marginal revenue is OMR...
Refer to the graph below: Price (Dollars) 6.000 Quantity The equation for marginal revenue is OMR = 12,000 - 1200 OMR = 6,000 -0.010 OMR = 60 -0.020 OMR = 60 - 2000
Refer to the graph below: Price (Dollars) 6,000 Quantity Demand is unitary elastic at P =...
Refer to the graph below: Price (Dollars) 6,000 Quantity Demand is unitary elastic at P = $_ ооооо
Refer to the following graph to answer the following questions: Price, Costs, and Revenue (Dollars) 0...
Refer to the following graph to answer the following questions: Price, Costs, and Revenue (Dollars) 0 200 400 600 800 1,000 Quantity of Output (Units per Day) In the long run, the demand curve for the monopolistically competitive firm would shift leftward. remain the same, causing the entry of new.firms to be impossible. O shift rightward. move closer to the marginal revenue curve, but the marginal revenue curve would be held constant. Oshift rightward, causing the entry of new firms...
Graph A Graph B Price . (dollars) P Price (dollars) N: D HT Quantity (units per...
Graph A Graph B Price . (dollars) P Price (dollars) N: D HT Quantity (units per time period) Quantity (units per time period) Graph C Graph D P1-11 Price (dollars) Price (dollars) - --- QQ Quantity (units per time period) Q Q Quantity (units per time period) 5) Refer to the above diagrams. Which of the graphs depicts the effect of a decrease in the price of domestic cars on the demand for foreign cars? A) Graph D. B) Graph...
Price and marginal revenue (dollars per bottle) The graph shows Minnie's demand curve and marginal revenue...
Price and marginal revenue (dollars per bottle) The graph shows Minnie's demand curve and marginal revenue curve. At what price is Minnie's total revenue maximized and over what price range is the demand for water elastic? Why will Minnie not produce a quantity at which the market demand is inelastic? a Minnie's total revenue is maximized at a price of $ bottle. 56 The demand for water from Minnie's is elastic between the prices of a bottle. O A. zero...
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...
Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. What is the deadweight loss caused by a profit-maximizing monopoly? O O $150 $200 $250 Os300 A monopolist faces market demand given by P - 60 - Q. For this ma
Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. What is the deadweight loss caused by a profit-maximizing monopoly? O O $150 $200 $250 Os300 A monopolist faces market demand given by P - 60 - Q. For this market, MR = 90 - 2Q and MC - Q. What price will the monopolist charge in order to maximize profits? O $20 O $30 O so Osso In Canada, in the majority of...
The Marginal Revenue/ Quantity MUST be a straight line 2. Calculating marginal revenue from a linear...
The Marginal Revenue/ Quantity MUST be a straight line
2. Calculating marginal revenue from a linear demand curve The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in...
please answer all questions! Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue...
please answer all questions!
Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. What is the deadweight loss caused by a profit-maximizing monopoly? O O $150 $200 $250 Os300 A monopolist faces market demand given by P - 60 - Q. For this market, MR = 90 - 2Q and MC - Q. What price will the monopolist charge in order to maximize profits? O $20 O $30 O so Osso In Canada,...
Refer to the graph below: Price (Dollars) 6,000 Quantity The equation for demand is O Q=6,000 - 60P O Q = 60 -0.01P. O P=60 -0.010 O P=6,000 - 600
Refer to the graph below: Price (Dollars) 6.000 Quantity The equation for marginal revenue is OMR = 12,000 - 1200 OMR = 6,000 -0.010 OMR = 60 -0.020 OMR = 60 - 2000
Refer to the graph below: Price (Dollars) 6,000 Quantity Demand is unitary elastic at P = $_ ооооо
Refer to the following graph to answer the following questions: Price, Costs, and Revenue (Dollars) 0 200 400 600 800 1,000 Quantity of Output (Units per Day) In the long run, the demand curve for the monopolistically competitive firm would shift leftward. remain the same, causing the entry of new.firms to be impossible. O shift rightward. move closer to the marginal revenue curve, but the marginal revenue curve would be held constant. Oshift rightward, causing the entry of new firms...
Graph A Graph B Price . (dollars) P Price (dollars) N: D HT Quantity (units per time period) Quantity (units per time period) Graph C Graph D P1-11 Price (dollars) Price (dollars) - --- QQ Quantity (units per time period) Q Q Quantity (units per time period) 5) Refer to the above diagrams. Which of the graphs depicts the effect of a decrease in the price of domestic cars on the demand for foreign cars? A) Graph D. B) Graph...
Price and marginal revenue (dollars per bottle) The graph shows Minnie's demand curve and marginal revenue curve. At what price is Minnie's total revenue maximized and over what price range is the demand for water elastic? Why will Minnie not produce a quantity at which the market demand is inelastic? a Minnie's total revenue is maximized at a price of $ bottle. 56 The demand for water from Minnie's is elastic between the prices of a bottle. O A. zero...
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...
The Marginal Revenue/ Quantity MUST be a straight line
2. Calculating marginal revenue from a linear demand curve The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in...
please answer all questions!
Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. What is the deadweight loss caused by a profit-maximizing monopoly? O O $150 $200 $250 Os300 A monopolist faces market demand given by P - 60 - Q. For this market, MR = 90 - 2Q and MC - Q. What price will the monopolist charge in order to maximize profits? O $20 O $30 O so Osso In Canada,...
Most questions answered within 3 hours.
-
1.How large must the coefficient of static friction be between
the tires and the road if...
asked 9 minutes ago -
What is the time complexity (Big-O) of the following code?
class Main
{
// Recursive...
asked 8 minutes ago -
Economists look at any situation in terms of its component
parts: the people making decisions, the...
asked 14 minutes ago -
What is a population?
Select one:
a. All of the individual organisms belonging to the same...
asked 18 minutes ago -
You have a yeast cell culture with a concentration of 5x10^4
cells/ml. If you dilute this...
asked 23 minutes ago -
In which direction the Reaction goes? Show detailed process.
SeO3 + 2ClO2. + 2H3O <---> Se...
asked 36 minutes ago -
Unexposed silver halides are removed from photographic film when
they react with sodium thiosulfate
(Na2S2O3, called...
asked 36 minutes ago -
A 0.3054 gram sample of the mineral chalcopyrite (CuFeS2)
yielded 0.6525 gram BaSO4 precipitate. What is...
asked 36 minutes ago -
An short-seller in Tesla is worried the latest management
earnings forecast is too aggressive and the...
asked 1 hour ago -
Question 3 (1 point)
Fill in the blank. Speed Car Rental company found that the tire...
asked 1 hour ago -
1. A copper wire is 26.61 cm long and weighs 1.265 g. The
density of copper...
asked 1 hour ago -
Remember that a concept sketch consists of a sketch (or
series of sketches), labels, and complete...
asked 1 hour ago