A firm in a competitive market receives $1,040 in total revenue and has marginal revenue of $20. The firm's average revenue is s and |units were sold.
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- REVENUE OR COST (dollars per day) 700 600 500 400 300 250 200 100 0 T 1 50 90 question: 160 QUANTITY Total cost 220 Total Revenue Refer to the figure above. The profit maximizing output for this firm is: a. above 220 units b. 220 units c. 160 units d. 90 units e. none of the aboveTotal revenue for a dairy firm is $2400 per week The output sold is 80 Calculate price per unitIf average revenue is $44 and output is 20 units Calculate total revenue
- student 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 95d647fdxb8Question Calculate marginal revenue for Q = 5 Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost (Q) 1 2 3 4 5 6 7 8 (TR) 1,200 2, 200 3,000 3,600 4, 100 4, 200 4, 200 4,000 (MR) ? ? ? ? ? ? ? ? (TC) 500 775 1,000 1,250 1,650 2,500 4,000 6,400 (MC) 500 275 225 250 400 850 1,500 2,400calculate rians marginal revenue and marginal cost for the first 7 phone cases they produce ans plot them on the graph. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Quantity Total Price Demanded Revenue Revenue Marginal Total Marginal Cost Cost $24 1000 $24,000 $15,000 $22 1250 $27,500 $14 $17,000 $8 $20 1500 $10 $19,500 $10 $18 1750 $31,500 Y $23,000 $14 $16 2000 $32,000 $2 $27,000 Z (a) Calculate total revenue at X. (b) Calculate marginal revenue at Y. (c) Calculate marginal cost at Z. (d) Find the profit maximizing price.The total amount spend on production of 500 machines are $100 billions. The selling price of machine is $ 25. Calculate the total revenue of the firm.Macmillan Learning Quantity (units) Fixed cost ($) Variable cost ($) Total revenue ($) 10 100 11 100 12 888 36 1,000 74 1,100 100 145 1,200 13 100 14 100 15 100 16 100 17 100 88888 202 1,300 300 1,400 435 1,500 588 1,600 774 1,700 a. What is the marginal revenue received from the 11th unit? b. What is the marginal cost of producing the 11th unit? $ c. What price does this firm charge for each hard drive? d. How many units should this firm produce to maximize profits? e. When profit maximizing, what is this firm's profit? $ per unit units
- Output Price Total Cost 0 1000 500 1 600 520 2 500 580 3 400 700 4 300 1000 5 200 1500 What is the profit maximizing profit?Total Revenue Total C ost Proit/Loss/ Price( P) Quantity (TR) (TC) Break Even $3 5. 2 9. 3 8. 4 11 5. 15 6. 21 30 8. 42 6. 60 10 85 Yummy Cupcakes is a purely competitive firm. The firm's costs are shown in the table above. The market price is $5 (USE THIS TO FILL IN THE PRICE COLUMN) When Yummy Cupcakes produces 1 cupcakel Q-1).the firm : O breaks even incurs a loss O earns profits will shutdownIf profit for the shoes firm is $400 and the cost is $800 Calculate total revenue