a) identify which of production level that marginal revenue decreases start to occur (with supposition price factor does not change)b) identify which of production level and price that can provide maximum profit. NO:DATE:Ql0) Calulatethefor production ofin Table QI.costandIBS smollrevenuecomponentsusingrovidedform asshownOutputTFCTVCTCAFCAVCACmcTRMRARCQ)CRm)CRm)CRM)CRM)CRM)CRM)CRM)CRM)CRM)CRM)656565351006535100352828656513032.532.5653052263.658515021.6628.3350207220244659516016.2523.7540108816226516517021341012206.651201852030.83152510.8318구651452109.2920.7130416651852508.1223.1331.25401301816.253.

A) Marginal revenue tend to decrease from the output level of 7 as it is minimum level and after…

identify which of production level that marginal revenue decreases start to occur (with supposition price factor does not change) b) identify which of production level and price that can provide maximum profit.

identify which of production level that marginal revenue decreases start to occur (with supposition price factor does not change) b) identify which of production level and price that can provide maximum profit.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

a) identify which of production level that marginal revenue decreases start to occur (with supposition price factor does not change)

b) identify which of production level and price that can provide maximum profit.

NO:
DATE:
Ql0) Calulate
the
for production of
in Table QI.
cost
and
IBS smoll
revenue
components
using
rovided
form as
shown
Output
TFC
TVC
TC
AFC
AVC
AC
mc
TR
MR
AR
CQ)
CRm)
CRm)
CRM)
CRM)
CRM)
CRM)
CRM)
CRM)
CRM)
CRM)
65
65
65
35
100
65
35
100
35
28
28
65
65
130
32.5
32.5
65
30
52
26
3.
65
85
150
21.66
28.33
50
20
72
20
24
4
65
95
160
16.25
23.75
40
10
88
16
22
65
165
170
21
34
10
12
20
6.
65
120
185
20
30.83
15
25
10.83
18
구
65
145
210
9.29
20.71
30
4
16
65
185
250
8.12
23.13
31.25
40
130
18
16.25
3.

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