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…
Q: Calculate marginal profit if :- Marginal revenue = $38 Marginal cost = $30
A: The data presented in the question above is:- Marginal revenue = $38 Marginal cost = $30 We have…
Q: Westhouse can sell 30 generator at a price of at most $5,000 dollars and can sell 31 generators at a…
A: Marginal Revenue is considered as the change in the total revenue generated by the firm when it…
Q: How to calculate the Marginal cost and the Revenue of producing 1, 2,...15
A: Marginal cost can be defined as the change in total cost when one more unit of extra output is…
Q: If change in total revenue Is $300 and the marginal revenue is $30 Find the Change in output
A: The data presented in the question above is:- Change in total revenue = $300 Marginal revenue = $30…
Q: Calculate the marginal cost when marginal profit is 30 and marginal revenue is 70
A: # Marginal profit is given as the difference between marginal revenue and marginal cost.
Q: Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts…
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 Marginalr revenue when change in total revenue is $310 and the change in…
A: The data presented in the question above is:- Change in total revenue = $310 Change in output = 5…
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: Calculate Kenji's marginal revenue and marginal cost for the first seven teddy bears he produces and…
A: Marginal revenue is calculated as the ratio of change in total revenue to change in quantity.…
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: Use the table to compute the marginal revenue and marginal cost
A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…
Q: Consider the details of 3 firms. If the price of the product is Rs.48, find the output that has to…
A: Total cost = Total fixed cost + Total variable cost Total revenue = Price * Quantity
Q: If marginal cost is $37 and marginal profit is $8 Calculate marginal revenue
A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…
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: Calculate marginal revenue if Marginal cost is $300 and marginal profit is also $300
A: Given : Marginal Cost = $300 Marginal Profit = $300
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: Calculate the value of Marginal revenue when total revenue rise from $400 to $600 and the output…
A: # Marginal revenue is given as the additional Revenue added to the value of total revenue when sales…
Q: Find the marginal revenue at a próduction
A: Given - P = 400 -0.2x Where P is price and x is quantity
Q: Suppose the revenue function y=R(x) is linear, and points (x,y) of (10,550) and (13,715) are on the…
A: Total Revenue: It refers to the sum of all the receipts from the sale of a good calculated by…
Q: Discuss the concept of marginal revenue and average total cost using the example of a particular…
A: Marginal revenue is the additional revenue to the total revenue when one more unit of output is…
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: Consider total cost and total revenue given in the following table: Quantity 0 1 2 3 4 5 6 7…
A: A cost refers to the expenditure required to manufacture or sell a product or get an asset ready for…
Q: A sells one of its products for $48 each. The monthly fixed costs are $3000. The marginal cost of…
A: Total cost is the total expenditure done by the producer in the production process. There are two…
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: If marginal profit and marginal cost are $4 and $36 respectively Calculate marginal revenue
A: Marginal Revenue is the revenue per additional sale of unit , so here we calculate the value of…
Q: P ($) TR ($) MR ($) TC АTC ($) MC ($) ($) Y Average Total Output Price Marginal Total Total Revenue…
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…
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: The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that…
A: Monopoly is a structure of market in which there is only one firm producing commodity and has market…
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: what is the marginal revenue for this chart
A: Marginal revenue is defined as the revenue generated from the selling some extra units services and…
Q: The table below shows the information on Ilham Bakery. Item Amount Revenue in operating the…
A: In a market, a firm's economic profit is the difference between the total revenue and the total cost…
Q: the average variable cost curve. the marginal cost curve. the average fixed cost curve. the marginal…
A: A natural monopoly firm experience economies of scale, i.e., a decrease in ATC as output increases.…
Q: Suppose that a small hair styling salon had revenues of $200,000 in a given year. The owner spent…
A: The economic profit is broader term and it considers the opportunity cost as well.
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: 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: is equal to average variable cost. is greater than marginal revenue. equals marginal revenue.
A: Consumer surplus shows the additional utility obtained by the consumer after consuming all units of…
Q: What is the value of Marginal profit if marginal cost is $33 and marginal revenue is $56
A: The data presented in the question above is:- Marginal cost = $33 Marginal revenue = $56 Marginal…
Q: Calculate Marginal profit given that marginal revenue is two times that of marginal cost
A: The given information is as follows:- Marginal revenue is two times that of total cost i.e MR = 2 MC…
Q: Calculate Marginal profit if the value of marginal revenue is 105 and marginal cost is 60
A: # Marginal profit is calculated by the formula:- Marginal profit = Marginal revenue - Marginal cost…
Q: Calculate the value of marginal profit when marginal revenue Is $400 and the marginal cost is $230
A: # The marginal revenue and marginal cost helps us gain the idea about the marginal profit. The…
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: Comment why is this point significant analytically.
A: Marginal cost is defined as the change in total cost that results from the production of an…
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: 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…
Q: Calculate the marginal profit when marginal revenue is $84,000 and marginal cost is $77,000
A: # Marginal profit is always given by the difference between marginal revenue and marginal cost. That…
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- What is a consumers wishedfor level of performances?lists of products and services eith more demand of elasticityIn 2003, when music downloading first took off, Universal Music slashed the average price of a CD from $21 to $15. The company expected the price cut to boost the quantity of CDs sold by 30 percent, other things remaining the same. What was Universal Music’s estimate of the price elasticity of demand for CDs? If you were making the pricing decision at Universal Music, what would be your pricing decision? Explain your decision.Typed and correct answer please. I ll rate
- Your Best Brand Bike Shorts-BBB Shorts have been flying off the shelf. Your chiefeconomist tells you that during the Covid-19 pandemic, the taste for bicycling has shifted. Thedemand curve is much more inelastic. The price elasticity of demand has decreased from:-5.76 to -2.70.”Before the campaign your price was $240 per pair of BBB Shorts. What should bethe new price? Please show calculations.In a burns-road food street, there is a youngest 12-year-old entrepreneur. His most recent venture is selling homemade pasta that his mother makes. At price of Rs. 60 each he sells 100. At price 40 each he sells 300. Is this demand elastic or inelastic in this range, explain? If demand has the same elasticity for the price decline from 60 - 40, would cutting the price from 40 to 20 will further increase or decrease his total revenue. Please explain?If cross-elasticity of one commodity for another turns out to be zero, it means they areClose substitutesNone of theseGood complementsCompletely unrelated
- Genovia has experienced exceptional growth in recent years. Its GDP per capita (orIncome) has increased from around $30,000 to $50,000 in last 5 years. Over theperiod quantity demanded of personal cars has increased from 450,000 units per yearto 600,000 units. Quantity demanded of public transport, however, has declined from10,000 buses to 7,000 buses. Calculate income elasticity of demand and tell whichproduct is a normal good and which one is inferior.Elasticity at point D to Erefer to the photyo
- Evaluate how a firm is able to estimate whether they are selling elastic or inelasticplease show answer for graph and multiple choice Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear. Label it TR. Draw a point on the curve at which demand is elastic. Label it Elastic. Draw a point on the curve at which demand is inelastic. Label it Inelastic. Draw a point on the curve at which demand is unit elastic. Label it Unit Elastic. IT If demand is elastic, what is the effect of a 1 percent price cut on the quantity sold? If demand is elastic, a 1 percent price cut sold by OA. increases; more than 1 percent the quantity *** 50 O A. increases; more than 1 percent B. decreases; 1 percent C. decreases; more than 1 percent D. increases; less than 1 percent 40- 30- 20 10- 0+ If demand is elastic, a 1 percent price cut sold by 10 Quantity (millions of umbrellas per year) >>> Draw only the objects specified in the question. Total revenue (millions of dollars per year) 0 12 the quantityCikli is the manager of a firm that receives a revenue of RM3000per month from product X and RM7000 per month from productY. The price elasticity of demand for product X is -2.5 whenoriginal quantity (Q) for X and Y are 150 and 175 units,respectively and the cross price elasticity of demand betweenproduct X and Y is 1.1. If Cikli increases the price of good X by1%.a. How much will Cikli’s total revenue change for product X?b. How much is Cikli’s new total revenue for both of the products?