Q: marginal profit is $30 and marginal revenue is $84 Calculate marginal cost
A: The given information is as follows:- Marginal profit= $30 Marginal revenue = $84 We need to find…
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A: Marginal revenue is the additional revenue earned from the sale of an extra unit of output. Marginal…
Q: Do firms really equate their marginal cost with marginal revenue?
A: Answer
Q: The value of marginal revenue is $35 and the value of marginal cost is $30 Is the firm maximizing…
A: # The values of marginal revenue and the marginal cost helps us gain the idea whether the firm is…
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A: Any will firm maximize profit where: Marginal Revenue = Marginal Cost Marginal Profit = MR - MC
Q: If marginal revenue is $45 and the change In output is 4 units What will be the change in total…
A: The information given to us is:- Marginal revenue = $45 Change in the output = 4 units We have to…
Q: Can the marginal revenue be negative??? True/False
A: Marginal revenue refers to the amount of additional revenue thay a producer gets when he produces…
Q: Calculate marginal profit if marginal cost and marginal revenue are $44 and $80 respectively
A: The data presented in the question above is:- Marginal revenue = $80 Marginal cost = $44 Marginal…
Q: Calculate the value of Marginal revenue if change in total revenue is $68 and the change in output…
A: The Given information is as follows:- Change in total revenue = $68 Change in output = 7 units We…
Q: If marginal profit is negative what information can you infer about marginal cost and marginal…
A: Marginal profit is given as :- Marginal profit = Marginal revenue - Marginal cost It's given that…
Q: . What is the marginal revenue obtained from selling the 4th unit?
A: Marginal revenue is the change in the total revenue that results from the sale of an additional unit…
Q: C(q)=100+10q. What is the profit-maximizing level of output? What profit does the firm earn at this…
A: In economics, profit maximization is the short run or long run process by which a firm may determine…
Q: The marginal profit is $20 and marginal cost is $100 Calculate Marginal revenue
A: The Information being given is:- Marginal profit = $20 Marginal cost = $100 We have to calculate…
Q: c. find the profit maximizing level of output for the firm (I've given the marginal cost curve…
A: Answer to part c.
Q: Calculate marginal revenue if Marginal cost is $300 and marginal profit is also $300
A: Given : Marginal Cost = $300 Marginal Profit = $300
Q: Calculate the value of Marginal revenue when marginal cost is $73 and the marginal profit is 0
A: # the marginal profit is given as the difference between the marginal revenue which is collected by…
Q: If marginal profit is $32 and marginal revenue is $50 Find Marginal cost
A: The data presented In the question above is:- Marginal profit = $32 Marginal revenue = $50…
Q: Find the marginal cost, marginal revenue, and marginal profit functions. C(x) = 4x; R(x) = x³ + 5x +…
A: Marginal cost is the additional cost incurred by a firm by producing one extra unit and the…
Q: If total revenue is R =50Q-2Q2. At what value of Q will marginal revenue be 18?
A: R =50Q-2Q2. 18= 50Q- -2(2Q) 18= 50Q - 4Q 18= 44 Q Q= 44/18 Q= 2.44
Q: b. Under which condition marginal revenue can be negative? Explain with the help of an example. only…
A: Marginal revenue is less than the average revenue and may even be negative when a corporation faces…
Q: Marginal revenue must exceed marginal cost.Explain why?
A: Total revenue is the total receipts collected from the sale of goods or services in the market. The…
Q: How do you define 'profit
A: The main objective of the firm in whether competitive or imperfect competition market is Profit…
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A: Given - P = 400 -0.2x Where P is price and x is quantity
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A: The marginal revenue curve is a horizontal line at the market price which implies perfectly elastic…
Q: If marginal revenue is $30 and marginal cost is $15 Calculate marginal profit
A: The information being given is:- Marginal revenue = $30 Marginal cost = $15 We have to calculate the…
Q: Why must the marginal revenue be equal to the marginal cost for a producer? Explain.
A: Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit…
Q: Calculate Marginal revenue when marginal cost is 350 and the marginal profit is 80
A: # The difference between marginal revenue and marginal cost is given as the marginal profit.
Q: At his profit maximizing output, what is the total profit earned by Tim?
A: Answer: A monopolistically competitive firm maximizes its profit where the marginal revenue (MR) is…
Q: f the marginal revenue is MR=26-Q , find the highest level of production (Q) of the firm when its…
A: It gives the amount of dollars in revenue that a firm collects from selling its one more unit of the…
Q: If marginal revenue is equal to zero, then a. total revenue is zero. b. average revenue is zero. c.…
A: # Marginal revenue is the additional revenue generated with the production of another unit of good…
Q: If marginal cost is $13 and marginal revenue is $40 Calculate marginal profit
A: The information being given is:- Marginal cost = $13 Marginal revenue = $40 We have to calculate…
Q: Assume the price of a product in a perfectly competitive firm is $20 and currently it is making…
A: *Given the perfectly competitive price = $20 *Currently the firm is making a minimum loss.
Q: If marginal profit is $33 and marginal revenue is $80 What's the value of Marginal cost
A: The data presented in the question is:- Marginal profit of the firm = $33 Marginal revenue = $80…
Q: If marginal profit is $17 and marginal revenue is $41 Find the value of Marginal cost
A: The given information is as follows:- Marginal profit = $17 Marginal revenue = $41 We have to…
Q: R(x) In(7x + 7) Find the marginal revenue when 225 Blazing Blue snowmobiles are sold. a) R'(225) :…
A: Total revenue is the total amount of income earned by selling the output. Marginal revenue is the…
Q: Calculate the value of marginal cost when marginal revenue is $87 and the Marginal profit is $20
A: The difference between both marginal revenue and marginal cost is said to be as the marginal profit.…
Q: Winter Fun© has determined that the total revenue (in dollars) for its west coast factory from the…
A:
Q: How do you calculate marginal cost and marginal revenue?
A: Marginal revenue: Marginal revenue refers to the additional revenue that made by selling of one…
Q: Marginal revenue and marginal cost are $850 and $700 respectively Calculate the value of Marginal…
A: The information being given to us is as follows:- Marginal revenue = $850 Marginal cost = $700 We…
Q: Explain why earning zero economic profit is not as bad as itsounds.
A: In the field of economics, it is assumed that the sole objective of any firm is profit-maximization.…
Q: Marginal revenue product describes the:
A: Marginal revenue is equal to the additional revenue generated when one more unit of output is sold.
Q: A firm’s marginal revenue is $133 and its marginal cost is $90. What amount of profit does the firm…
A: Given information: Marginal revenue (MR) = $133 Marginal cost (MC) = $90 Profit maximization…
Q: If marginal cost and marginal revenue of a firm A is $30 and $56 respectively Calculate the value…
A: The information being given is:- Marginal cost of firm A = $30 Marginal revenue of firm A = $56 We…
Q: Calculate the value of Marginal revenue if total revenue change by $180 and the total output change…
A: According to the above given question, the values given are:- Change in total revenue = $180 Change…
Q: Can the firm's marginal revenue really be negative? Why?
A: Marginal revenue is the additional revenue that occurs from the sale of one additional unit of the…
Q: A fisher sells Hilsha fishes in a perfectly competitive market and faces a price of $5 per kg at…
A: A fisher sells fish in a perfectly competitive market The market price is $5 per kg Fisher sells the…
Q: If the marginal revenue is 45 and the marginal cost is 45 also. What can you say about the firm's…
A: Profit maximization is the process through which corporations and organizations devise methods to…
Can the given Marginal revenue be negative ?
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- what is the profit-maximizing output quantity?what is the marginal revenue for this chart? please show work or the formula used to do this. I want to make sure I am doing it right.How do you calculate whether your business has an economic profit using marginal approach to profit maximization? and what does an economic profit means?
