ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Find the total profit of firm if total revenue is $800 and total cost is $480
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- TV manufacturer can produce 200 TVs in a month at a total $140000 and 400 TVs at a total cost $300000. Find the company’s monthly fixed costs and marginal cost per TV.arrow_forwardCould you show the profit and loss on the graph. Furthermore, the figures for cost you posted were incorrect as they are not dropdown options.arrow_forwardOutput AFC AVC ATC MC 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360 Refer to the chart above. The total fixed costs are what?arrow_forward
- The economic profit is $3000, Total revenue is $5000, explicit cost is $800 Calculate implicit costarrow_forwardUse the cost and revenue data to answer the questions. Quantity Price Total Revenue Total Cost 10 90 900 675 15 80 1200 825 20 70 1400 25 60 1500 30 50 1500 35 40 1400 1025 1250 1500 1850arrow_forwardi need the answer quicklyarrow_forward
- From the graph given in image,if three micro ovens are produced,average variable cost are?arrow_forwardCalculate and plot the following: No of units Total cost 0 2 1 9 2 12 3 15 4 20 5 30 6 42 Variable cost Fixed cost Average fixed cost Average variable cost Marginal costarrow_forwardvariable fixed cost cost average total cost variable cost marginal total revenue marginal total cost wt price $20 revenue profit 1700 0 1700 0 0 -1700 1700 500 2200 5 5 2000 20 -200 1700 1200 2900 6 7 4000 20 1100 1700 2700 4400 9 15 6000 20 1600 1700 5200 6900 13 25 8000 20 1100 1700 9000 10700 18 38 10000 20 -700 1700 15000 16700 25 60 12000 20 -4700 1700 23800 25500 34 88 14000 20 -11500 1700 36800 38500 46 130 16000 20 -22500 1700 55800 57500 62 190 18000 20 -39500 1700 83000 84700 83 272 20000 20 -64700arrow_forward
- Draw a graph showing the fixed cost, variable cost, average total cost, marginal cost curves, and explain 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.arrow_forwardfor this graph answer the following question what is the total revenue? what is the total profit? what is the maximun point?arrow_forward
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