Q: EXPLAIN RELATIONSHIP BETWEEN THE MARGINAL REVENUE AND THE AVERAGE REVENUE.
A: According to the given question Marginal revenue in simple words we can say that is the introduction…
Q: marginal profit is $30 and marginal revenue is $84 Calculate marginal cost
A: The given information is as follows:- Marginal profit= $30 Marginal revenue = $84 We need to find…
Q: Suppose it costs c(x) = x³ – 6x? + 15x dollars to produce x radiators when 8 to 10 radiators are…
A: Marginal revenue is the additional revenue earned from the sale of an extra unit of output. Marginal…
Q: Calculate marginal profit if :- Marginal revenue = $38 Marginal cost = $30
A: The data presented in the question above is:- Marginal revenue = $38 Marginal cost = $30 We have…
Q: What is the Marginal Cost if TC =10+5q What is the marginal cost if TC= 100+5q Explain
A: TC=10+5qNow,MC=∂TC∂qMC=∂(10+5q)∂qMC=10
Q: Do firms really equate their marginal cost with marginal revenue?
A: Answer
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: What is the cost revenue? Explain with example?
A: Cost revenue is the total expenditure of producing and delivering a product or service to customers.…
Q: Can the marginal revenue be negative??? True/False
A: Marginal revenue refers to the amount of additional revenue thay a producer gets when he produces…
Q: If marginal profit is negative what information can you infer about marginal cost and marginal…
A: Marginal profit is given as :- Marginal profit = Marginal revenue - Marginal cost It's given that…
Q: Use the table to compute the marginal revenue and marginal cost
A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…
Q: . What is the marginal revenue obtained from selling the 4th unit?
A: Marginal revenue is the change in the total revenue that results from the sale of an additional unit…
Q: What is the Total Revenue from selling 3 units? What is the Marginal Revenue from selling the 3rd…
A: A monopolist is an individual seller who has complete control over the market. In a monopolistic…
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: It is given that the value of marginal Revenue is $110 and tha marginal cost is $66 Calculate the…
A: Marginal revenue is the addition to total revenue when one one more output unit gets sold. Marginal…
Q: The marginal profit is $20 and marginal cost is $100 Calculate Marginal revenue
A: The Information being given is:- Marginal profit = $20 Marginal cost = $100 We have to calculate…
Q: Calculate marginal revenue if Marginal cost is $300 and marginal profit is also $300
A: Given : Marginal Cost = $300 Marginal Profit = $300
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: Explain the term Deceptive practices?
A: Unfair trade practices: It refers to utilizing different misleading, deceitful, or deceptive…
Q: What is marginal revenue and marginal cost?
A: Marginal cost and marginal revenues are main concepts that determine th optimal output of the firm.
Q: QUESTION 10 State the difference between Total Reveune (TR) and Marginal Revenue *MR). When MR will…
A: Economics deals with the study and allocation of scarce resources among individuals with unlimited…
Q: Economic profit is
A: To find : What is economic profit
Q: Complete the following table showing the demand for snow skiing lessons per day. Do this by filling…
A:
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: s coincid
A: The marginal revenue curve is a horizontal line at the market price which implies perfectly elastic…
Q: What is the marginal cost for this product?
A: A cost function refers to the formula that is used to predict the cost that the firm will incur at a…
Q: If marginal revenue is $30 and marginal cost is $15 Calculate marginal profit
A: The information being given is:- Marginal revenue = $30 Marginal cost = $15 We have to calculate the…
Q: Why does exit occur?
A: When the firms earn less than their total cost of production, they make loss. If existing firms in…
Q: If marginal profit and marginal cost are $4 and $36 respectively Calculate marginal revenue
A: Marginal Revenue is the revenue per additional sale of unit , so here we calculate the value of…
Q: Calculate Marginal revenue when marginal cost is 350 and the marginal profit is 80
A: # The difference between marginal revenue and marginal cost is given as the marginal profit.
Q: What is profit maximizing output?
A: The profit maximizing output is determined by equating marginal revenue with marginal cost.The…
Q: . Which is the other name that is given to the average revenue curve?
A: The average revenue curve represents the revenue per unit for different quantities of output.
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: Can the given Marginal revenue be negative ? True or false
A: According to the given question It is the amount of the marginal revenue which usually whatever will…
Q: (a) Calculate the value of marginal profit when marginal revenue is $400 and marginal cost is $700…
A: # we know that the difference between the marginal revenue and the marginal cost always gives the…
Q: What is the relationship between Lite and Kool's price and marginal cost?
A: g. In perfect competition, P = MC
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: If marginal profit is $17 and marginal revenue is $41 Find the value of Marginal cost
A: The given information is as follows:- Marginal profit = $17 Marginal revenue = $41 We have to…
Q: Calculate the value of marginal cost when marginal revenue is $87 and the Marginal profit is $20
A: The difference between both marginal revenue and marginal cost is said to be as the marginal profit.…
Q: Draw a graph to show the breakeven point, shutdown point and supply curve.
A: Answer: Break-even point: break-even point is the point where the total revenue is equal to the…
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: Calculate Marginal profit given that marginal revenue is two times that of marginal cost
A: The given information is as follows:- Marginal revenue is two times that of total cost i.e MR = 2 MC…
Q: Calculate Marginal profit if the value of marginal revenue is 105 and marginal cost is 60
A: # Marginal profit is calculated by the formula:- Marginal profit = Marginal revenue - Marginal cost…
Q: What is the meaning of economic profit. Support your answer by example?
A: There are two types of profit: Economic Profit Accounting Profit The economic profit can be…
Q: How does a change in the response rate affect profit?
A: A response rate refers to a rate that shows the number of people or participants who have responded…
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: The value of marginal profit is $30 and marginal cost is $100 Calculate the value of marginal…
A: We are given that:- Marginal profit = $30 Marginal cost = $100 We need to calculate the value of…
Q: Comment why is this point significant analytically.
A: Marginal cost is defined as the change in total cost that results from the production of an…
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