2. ABC Manufacturing has provided you with their demand function Qd = 2000-2p and supply function Qs = 60+5p, please answer the following questions: a. What is the company’s marginal revenue function? b. At level of output is profits maximized? c. At what price is profits maximized? d. What is total revenue at the profit maximization level of output?
Q: I got it incorrect, can you explain to me the correct answers.
A: Let's assess all statements:A. The yellow shaded are refers to accounting profits. FalseThe yellow…
Q: plz don't use chat gpt answer i will 5 upvotes. only own answer What is the primary purpose of…
A: A free trade agreement (FTA) is an agreement between two or more nations that covers a range of…
Q: The figure given below shows the revenue and cost curves of a perfectly competitive firm. Figure…
A: Step 1:In a competitive market, where firms have no influence over the market price and must accept…
Q: The figure below presents an arrow network without event numbers but showing duration for each…
A: Answer 2: ActivityDurationESTEFTLSTLFTTotal float = LST - ESTFree float = EFT of activity - EST of…
Q: do fast i will 5 upvotes . no chatgpt answer .
A: The objective of the question is to determine which forklift truck, A or B, is the most economical…
Q: The questions in this part are based on Exchange Rates in the SARB Quarterly. Bulletin, March 2022,…
A: False: In 2021, the South African Rand actually depreciated against these currencies, not…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Economists track the amount of money circulating in an economy through different metrics. One…
Q: The following graph depicts a market where a tax has been imposed. Pe was the equilibrium price…
A:
Q: None
A: 1. Labor Market Signaling:According to the signaling theory, people can use expensive behaviors to…
Q: Draw a graph for economic activity over time that includes all of the partsof the business cycle.…
A: The graph represents a stylized view of the business cycle, which is the natural rise and fall of…
Q: QUESTION 17 Table 30-2 The information in the following table pertains to the hypothetical economy…
A: Money supply refers to the total amount of money within an economy that is available for use in…
Q: 5. If P = 2Qs +2 represents market supply for a competitive industry and market demand is given by…
A: Equilibrium occurs at that price at which the quantity demanded equals the quantity supplied in the…
Q: The supply and demand for good B are given by QD 200,000 50,000P and QS = 90,000P-80,000. What is…
A: To find the equilibrium price, we need to set the quantity demanded equal to the quantity supplied:…
Q: please help me 6 and 7. Thank you 6) Several countries have opted to join currency unions. Examples…
A: 7.The Great Depression's Gold Standard and Policy Trilemma:The United States maintained its…
Q: Consider an economy with a representative household and a representative firm. In the competitive…
A: A decline in total factor productivity (TFP) in the representative agent model under consideration…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: he current equilibrium price level is 100 and the level of real GDP is $215.The aggregate supply…
Q: Mammed purchased a building on 1 July 2012 for 500,000 AZN. At the date of acquisition, the useful…
A: 1. Revaluation Surplus on 1 September 2015First, we need to calculate the depreciation from the…
Q: Fred spends all of his income on two goods: DVDs and downloaded music. If Fred's marginal utility…
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: Question 8 In the following AD-AS model, the economy is at point E The Federal Reserve sells bonds…
A: The state of the economy is E. When the Federal Reserve purchases bonds, the economy initially goes…
Q: Given this preference relation, draw an indifference curve. (The previous expert didn't draw an…
A:
Q: Describe in detail the costs of inflation. Be sure to differentiate betweenexpected and unexpected…
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: The net foreign assets (NFA) dynamics equation: NFAtYt=NFAt-1/Yt-1+…
A: Step 1:The net foreign assets (NFA) dynamics equation can be expressed as follows:NFA(t) = NFA(t-1)…
Q: Money Market Mutual Fund Balances Held by Businesses $ 100 Money Market Mutual Fund Balances Held…
A: I need to determine which items in the data that I have been given are regarded to be near-monies…
Q: A student takes out a $10,000, 10-year loan with two possible repayment plans, (i) immediate…
A: let's break down the method step by step for each reimbursement alternative: (i) Prompt…
Q: Refer to the diagrams. The firm: Group of answer choices A) has a principal-agent problem. B) has a…
A: 1. Understanding the Firm's Demand for Labor**: - The firm's labor demand curve typically…
Q: Reserves hell by banks at the Fed According to the data below, M2= Currency $120 billion $800…
A: Step 1:Because M2 money supply includes those monies that are very liquid such as cash or currency,…
Q: = - Five players must simultaneously choose a number from the interval [0, 9]. Let x; denote the…
A: Approach to solving the question:To find the Nash equilibrium of the game, we need to determine each…
Q: See Hint Suppose that the income of the average person among the poorest 20% of citizens in South…
A:
Q: None
A: Interest rates rise in proportion to the size of the federal deficit, all other things being…
Q: on If g(x)=2x3-4x. What is the value of its slope when x = -2? A. 8 C. 20 B. 2 D.-8 Select one: O C…
A:
Q: Syllogistic Form 6C Given the following syllogistic form: No M are P. Some M are not S Some S are…
A: A detailed explanation with examples and references for the Syllogistic Form 6C and the…
Q: None
A: (a) In the Solow growth model, a reduction in population growth can indeed raise the growth rate of…
Q: do fast no use chatgpt.
A: A change in the spending plans of consumers, businesses, the government, or foreigners indicates a…
Q: Please check the answer and add explanation properly solve all 3 parts
A: Dominant StrategyA dominant strategy is a strategy that is the best choice for a player regardless…
Q: A professional couple wishes to purchase a new home costing $750,000, make a 20 percent down…
A: Let's examine the computation in greater detail: 1. Original Loan Amount: Representing 80% of the…
Q: Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of…
A: The quantity of goods that a business must buy during each budgetary period is listed in a purchase…
Q: 3. Solving for dominant strategies and the Nash equilibrium Suppose Charles and Dina are playing a…
A: For Charles:If Dina chooses Left, Charles gets a higher payoff by choosing Right (5 > 3).If Dina…
Q: Approximately how much consumer surplus does Wikipedia generate per person in the United States each…
A: The difference between what a customer actually pays and the utmost amount they are prepared to pay…
Q: 1. When the TR and TC curves have the same slope, a. they are the furthest from each other. b. they…
A: When the slopes of the total revenue (TR) and total cost (TC) curves coincide, it represents profit…
Q: b) Now suppose that a stock market crash causes aggregate demand to decrease. In the diagram below,…
A: In the short run, a decrease in aggregate demand caused by a stock market crash will lead to a…
Q: 1 -2 k For the matrix A = 2 0 0 if |A|=0, what is the value of k? 3 2 3. A. 5 C. -3 Select one: O B…
A: Step 1: given A=(123−202k03) Step 2: |A|=0 Step 3: this means1(0)+2(6)+k(4)=012+4k=04k=-12k=-3…
Q: 19 The Federal Reserve decides to sell $300 million in government debt to households paying with…
A: If fed sell government securities in market it absorbs money from the circulation money will be…
Q: If a Big Mac costs R46.35 in South Africa and $5.11 in the US, then purchasing power parity requires…
A: Step 1:An exchange rate is the value of one currency for conversion to another. It's essentially the…
Q: PRICE LEVEL Should the government use monetary and fiscal policy in an effort to stabilize the…
A:
Q: "Free trade cannot be said to be beneficial to all sections of a trading nation. As such, it is…
A: The statement draws attention to a crucial point in the discussion around free trade: although it…
Q: please answer fully correctly ASAP ONLY PROVIDE THE CORRECT ANSWER
A: The null hypothesis will state no difference.The alternative hypothesis will state that there is a…
Q: During times of rising inflation, the Fed will undertake monetary policy or "tight money policy."
A: Step 1:In economics, inflation refers to the sustained increase in the general price level of goods…
Q: Find the consumers' surplus and the producers' surplus at the equlibrium level for the given…
A:
Q: Topic: Geometric Gradient How much would you have to deposit now, so that you can withdraw of…
A: Step 1: Calculate the interest rate per period (i).We are given the annual interest rate (6%).Since…
Q: According to the St. Louis Federal Reserve the natural unemployment rate is 4.42 percent (Q4 2023 )…
A: The objective of the question is to understand the implications of a falling unemployment rate on…
Step by step
Solved in 2 steps
- A firm produces a steel bar. When the price of the steel bar is $ 30,000, the quantity demanded is 8 metric tons, a 100% change in the price would change the quantity demanded by 25%. REQUIRED: A. What is the total revenue function of the firm? (Use the variable Q for the quantity and the variable TR for the total revenue B. What is the price function of demand of the firm? C. How much would be the maximum total revenue of the firm? D. At what price should the firm sell its product to maximize its total revenue? F. What is the marginal revenue function of the firm? (Use the variable Q for the quantity and the variable MR for the marginal revenue G. At what production output should the firm produce to maximize its total revenue? H. What is the demand function of the firm? (Use the variable Q for the quantity demanded and the variable P for the price15.
- 3. The equation of the monthly demand for cabin bags is given by: 45-p= 0'5q and the monthly average cost function is: Cme(q) = q²-39'50q+120+¹25, where p ≤ 45 is the unit price and q are the number of units sold. 3.1 What are the price and quantity that maximize the total profit? How much is this profit? 3.2 Calculate the marginal income (revenue) of the 20th unit using marginal income (revenue) and compare it to the actual additional income. 3.3 Calculate the price elasticity of demand for the quantity that maximizes profit and interpret the result obtained.1- Please I want answer of this question. ThanksAnswer plzz...
- E.g.1: A demand function is given by the equation P = 24 6lnQ ➤ Find the equation of TR (total revenue) and determine for which value of Q is TR maximised. Find MR (marginal revenue) as a function of Q Show that MR is a positive decreasing, concave up function.Suppose you own a business form that faces the following demand curve: P = 8 0 - 2 Q . Further, MC = AC = $ 2 0 . Under “ the benchmark case ” , calculate the maximum amount of profits your firm can earn. 2 . Suppose you are earning the maximum profit, but your lease is up for renewal and the property owner wants to increase the rent by $ 5 0 0 . a . In response to the $ 5 0 0 additional cost, would you raise the price to cover the additional cost? Explain why you would or would not. Notice, rent is a fixed cost. b . In response to the $ 5 0 0 additional cost, suppose you implement a two - part tariff pricing strategy. Compute the amount of profit under the two - part tariff. c . Explain why the revenue is necessarily higher under the two - part than under the benchmark case.A firm in a competitive market receives $500 in total revenue and has marginal revenue of $10. What is the average revenue, and how many units were sold? Microeconomics - Mankiw
- 2.The marginal revenue of a firm is given by the following equation: MR(Q) = 22 +21Q + 16Q2 Where, Q represents the quantity produced. Also given, the total revenue of the firm, when they produce 5 units of output, is 50, i.e., TR(5) = 50. Calculate the firm's total revenue function. What is the value of the constant term in the total revenue function? Answer in two decimal places. Be careful about the sign. Calculate the total revenue of the firm when the firm produces 7 units of output. Answer in two decimal places.please show me complete and neat solution thank youBlue INK is the only cabel service provider in Gazipur. The diagram below depicts the price, output and costs incurred by Blue INK. Use the graph to answer the following questions: What is the Total revenue generated by Blue INK at the profit maximizing level of output?[ Answer in Numerical value only.i;e. 1,2,3,4,5] If the Cable Service Market turns into a Perfectly Competitive Market, what will be the total ammount of the service provided? [ Answer in Numerical value only] If the market turns into a Monopoly market again, what will be the total deadweight loss created? [ Answer in Numerical value only]