The firm producing 6 units  iPhone in a hour and selling it at $500. What is firm total revenue.

Q: Alex runs a snowboard rental business that charges $12 per snowboard and averages 36 rentals per…

A: A firm incurs two types of costs:-Fixed costs and variable cost. In case of fixed costs like land,…

Q: Find marginal cost of the firm given:- Marginal profit = $800 Marginal revenue = $1200

A: Marginal profit = $800 Marginal revenue = $1200

Q: Co. wants to launch a new p 500. enue function for the sale of l the maximum profit of the co

A: The firm will maximise profit at a point where marginal revenue is equal to marginal cost.

Q: Definite revenue. Write the relationship between MR and AR.

A: Revenue: The term revenue is the money that is received by the seller by selling its commodity. For…

Q: The equilibrium rent on office space has just increased by $500/month. Compare the effects on…

A: The profit is the excess revenue made by the firm which can be calculated after deducting the cost…

Q: What is the marginal revenue of producing the fortieth unit? 37 No. units produced Total Total…

A: Marginal Revenue refers to the additional revenue earned from the sale of an additional unit of…

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: The firm has  total revenue $100 and producing total 10 cell phone. How would I calculate average…

A: Total revenue (TR) = $100 Total quantity (Q) = 10 units Average revenue (AR) = ?

Q: Marginal profit is $4 and marginal revenue is $39 Calculate marginal cost

A: Given: Marginal profit=$4 Marginal revenue=$39 To find: Marginal cost

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: given p(q)=176-9Q and c(p)=5Q+19 find the profit max quantity

A: Answer to the question is as follows:

Q: Fatima sells 100 bottles of homemade ketchup for $ 10 each. The cost of the ingredients, the…

A: Answer: Given, Total number of bottles sold= 100 Price of a bottle=$10 Cost of ingredients, the…

Q: If marginal cost and marginal revenue are $30 and $44  Find marginal profit

A: According to the above mentioned question, the values are:- Marginal cost = $30 Marginal revenue =…

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 average, marginal, and total revenue.

A: ANSTR is the total receipts of a seller that he earns from selling the goods that it produces. If P…

Q: Calculate economic profit given:- Total revenue = $5000 Explicit cost = $1000 Implicit cost =…

A: The data presented in the question above is:- Total revenue = $5000 Explicit cost = $1000 Implicit…

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: total, marginal, and average reven

A: Calculation of TR,MR and A R TR= P×Q AR= TR/Q

Q: Quantity Price Marginal Cost Marginal Revenue $13 $6 MR, 2 $12 $7 MR2

A: We have to find out how many units  does the monopolist produce.

Q: what are the maximum profits this firm can earn?

A: A competitive market is a typical market that answers the demands for goods and services. A…

Q: The change in revenue is $120 and the change in unit sold is 3 Calculate the marginal revenue

A: The given information is :- Change in total revenue = $120  Change in units sold = 3 units

Q: How would you calculate a firms total cost and total revenue using this graph?

A: The graph represents perfect competition market condition, and also short run time period since…

Q: Devlin is a computer programmer who earned $30,000 in 2011. But on January 1, 2012 he opened a…

A: * SOLUTION :-  Based on the given information the answer is  (a) the Devlin's opportunity cost is =…

Q: Heidi quit her job as a chef making $40,000 per year to start her own restaurant. The first year,…

A: Option (c).

Q: Find marginal profit if:- Marginal revenue =33 Marginal cost = 12

A: The data presented in the question above is:- Marginal revenue =33 Marginal cost = 12 We have to…

Q: Find marginal profit when marginal revenue is $90 and marginal cost $50

A: # The formula for marginal profit:- = Marginal revenue - Marginal cost

Q: Ques 5 Under imperfect competition, Average Revenue (AR) remains Marginal Revenue (MR). (Fill up the…

A: When the total revenue is divided by the total units it is termed as average revenue. While marginal…

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: 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: 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: No.4) The Profit of Firm GG is uu= -2q² + 280q .What is the profit maximizing quantity? What is the…

A: We have the profit function, π = -2q2+ 280q In order to find the profit-maximizing level quantity,…

Q: Audra runs a movie memorabilia website. Last year, she earned $35,000 in revenue and had explicit…

A: Economic profit is the revenue that is left after paying explicit and implicit cost of a business.

Q: he intersection of PC (PRODUCTION COST) = MR (MARGINAL REVENUE) in a graphic is known as the point…

A: Production cost is the total cost(price) paid for the resources utilized in manufacturing a product…

Q: (A) Comment on marginal revenue and marginal cost values when it is given that marginal profit is 0.…

A: Profits are the excess of revenue receipts over the costs incurred by the firm. A firm earn revenue…

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: Total Revenue Total C ost Proit/Loss/ Price( P) Quantity (TR) (TC) Break Even $3 1. 5 2 3. 8. 4 11…

A: The structure of a market where there is a large number of firms producing products that are…

Q: q6) Calculate the marginal cost for following table information. Price Total Revenue Marginal…

A: The firms produced goods and services using the inputs including the factors of production. The…

Q: If change in total revenue is $120 And change in output is 6 units Calculate marginal revenue

A: The information being given is:- Total revenue = $120 Change in output = 6 units  We have to…

Q: Calculate marginal Revenue if it's given:- Change in total revenue = $350 Change in output = 20…

A: The data presented in the question above is:- Change in total revenue = $350 Change in output = 20…

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: Calculate the marginal cost, marginal revenue and profit for each unit of production? How many…

A: Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit 0 15   0   -15 1 30 15…

Q: Calculate total revenue of a firm given that:- Profit = $500 Total cost = $1100

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process.…

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: Marginal revenue product is measured by:  mr ' price mr ' mc tr/mp mp ' price tc/mp

A: A market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: The value of marginal revenue is $64 and the change in output is 5 units.  Calculate the change in…

A: The information given to us is:- Marginal revenue = $64 Change in output = 5 units

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: Marginal profit and marginal cost are $36 and $88 respectively.  Calculate Marginal revenue

A: We are given the values of marginal profit and marginal cost in the question Marginal profit = $36…

Q: MC ATC 10 20 30 40 50 60 70 80 Quantity mat is the result for this perfectly competitive firm when…

A: A perfectly competitive firm produces at P=MC in the short run, i.e., the intersection point of the…

Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.