Solve for the following questions: a. what is the marginal revenue when the firm increases output from 4 to 5? b. what is the marginal revenue when the firm increases the output from 5 to 6? c. what is the marginal cost when the firm increases the output from 4 to 5?
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- Complete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980Activity Frame A 2191 A 1878 1565 n 1252 939 626 0 A + + 0 5 10 TOTAL REVENUE (Dollars) 3130 2817 2504 MARGINAL REVENUE (Dollars) 313 Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produced. The marginal revenue of the 10th unit produced is $ Calculate the total revenue if the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced. The marginal revenue of the 20th unit produced is $ 250 Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol) to plot the firm's marginal revenue curve on the following graph. 225 200 175 150 125 100 75 50 25 0 15 20 25 30 35 40 QUANTITY (Number of units) -25 -50 0 A 45 50 5 10 15 Total Revenue 20 25 30 35 QUANTITY (Units) 40 45 50 Marginal Revenue (?) Comparing your total revenue graph to your marginal revenue graph, you can see that total revenue is…GivenMonthly rent25,000Monthly Salary/employee10,000Market price of slippers520Total units sold20,000 Solve for the followingTotal RevenueTotal CostProfit/Loss (indicate if its a profit or loss)
- Find the value of X. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000| $1,000 $1,000 $4,000 10 ***** **** 25 8000 40 11300 X 55 15050 19700 70 $220 $1000 $4000 $10,3002500 2000 1500 Returns te scale: 0.33 1000 Price 2 10 15 20 25 30 Size dength in feet) 35 40 Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. It only the productivity of the truck Adam chooses to rent decreases, which of the following would be true at the new profit maximizing level of output and length of truck? Select the two that apply O A decrease in marginal cost O A decrease in total costs O A decrease in total revenuo O An incroase in the amount of labor Adam hires RevenueThe blue curve on the fallowing graph represents the demand curve facing a firm that can set its own prices. Use the graph inout tool to help you answer the folowing questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white fidld, the graph and any corresponding amounts in cach grey field will change accordingly. Graph Input Tool Market for Goods 200 nguantity Semanded 20 100 Demand Price (Dolars per unt) 140 100.00 120 100 Demand 40 20 12 16 20 24 21 2 M 40 QUANTITY Iunita) On the graph inpue tool, change the number found in the Quantity Demanded feld to determine the prices that correspond to the production of 0, 8, 26, 20, 24, 32, and 40 units of output Calculate the total revenue for each of these production leveis. Then, on the fallowing graph, use the green paints (triangie symbal) to plot the resuuts. 2000 Tata Revenue 200 00 400 200 16 20 QUANTITY (Number of uni) 12 24 20 40 Calculate the total revenue if the firm produces…
- A9 Economic of scale can serve as a barrier to entry that covers an existing firm from potential competitors in the medical care industry”. Argue the statement with appropriate graph”.Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000 $1,000| 10 ********** $200.00 $220.00 25 8000 40 11300 55 15050 70 19700 $310.00 O $240 O $250 O $274 O $1000Find the value of Y. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $1,000 $1,000 $5,000 $4,000|********** 10 25 8000 40 11300 Y 55 15050 70 19700 $1000 $2000 $4000 $7000
- Quantity of Utensils demanded Revenue Price of Total Marginal Utensil Revenue $50 100 $45 200 $40 300 $35 400 |$30 500 $25 600 $20 700 $15 800 $10 900student uae.examus.net CONTO1 FEX 2021 2 Male arguS producing a quantity of 20 units. The market price is $17. The firm's variable cost is $60 and its et is $50. What is the firm's total revenue? 15-40 1860 3340. $50. 9500471d7b8 644768 $110. 95d6477b8 95d647fd768 58047fd768 eSc MacBook Pro FI F3 888 F4 $ 5 0 E R T Y .. A を D S G 95d647fdxb8Find the value of A. Quantity Total Cost $5,000 Fixed Cost Variable Cost Average Total Cost Average Fixed Cost Average Variable Cost $1,000 $1,000 $4,000| $7000 10 25 8000 A 40 11300 55 15050 70 19700 $8 $200 $280 $320