If marginal profit is $32 and marginal revenue is $50 Find Marginal cost

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: fasha owns a muffin shop. Her marginal cost, average variable cost, and average total cost curves…

A: Economic profit is one kind of profit which is determined by using the subtraction between the total…

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

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

Q: A bookstore sells 90 textbooks at a price of $70 a book. The average total cost is $50 per textbook.…

A: Given that : Number of textbooks = 90 Price of a book = $ 70 Average total cost = $ 50

Q: By using the notions of fixed and variable costs explain why theme parks close in winter months

A: Fixed and variable cost Fixed cost refers to cost that remains fixed at all level of output and does…

Q: Do firms really equate their marginal cost with marginal revenue?

A: Answer

Q: Calculate the marginal revenue when marginal profit is $23 and the marginal cost is $78

A: # Marginal revenue is the additional revenue generated with the sale of an another unit of good and…

Q: http://google.com Price and costs (dollar 20 16 12 8 4 0 5 10 MC ATC 15 20 Quantity (per day)

A: I’m a perfectly competitive market, there are many firms selling identical goods. Firms do not have…

Q: The industry says you can sell 5 sweaters for $25, 6 sweaters for $36, or 7 sweaters for $40.  Using…

A: Economic profit is given by the difference between the revenue from sales and the cost of inputs.…

Q: Hannan's pizza shop currently produces 100 pizzas per day and sells them for a profit. She is…

A: Option a can be eliminated because the reason doesn't account for future profitability. It doesn't…

Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation

A: Ans. ) Given the question, there is a perfectly competitive apple market.A perfectly competitive…

Q: Calculate the value of Marginalr revenue when change in total revenue is $310 and the change in…

A: The data presented in the question above is:- Change in total revenue = $310  Change in output = 5…

Q: Calculate the value of Marginal revenue if change in total revenue is $68 and the change in output…

A: The Given information is as follows:- Change in total revenue = $68 Change in output = 7 units  We…

Q: profi

A: Profit maximization is the process which maybe used in short or long run which helps a firm in…

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: 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 Hasan runs the restaurant himself and before setting up this business, he was working in a…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

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: We expect the marginal cost to increase as this firm produces more computers. But when the firm…

A: The rise or fall in the cost of producing/providing one more product is referred to as marginal…

Q: Calculate the value of Marginal revenue when marginal cost is $73 and the marginal profit is 0

A: # the marginal profit is given as the difference between the marginal revenue which is collected by…

Q: Find the marginal cost, marginal revenue, and marginal profit functions. C(x) = 4x; R(x) = x³ + 5x +…

A: Marginal cost is the additional cost incurred by a firm by producing one extra unit and the…

Q: Question 1: Shown below are the graphs of the firm's marginal cost, average variable cost, and…

A: Marginal cost graph tells about the additional cost incurred with one additional unit of production.…

Q: Marginal revenue must exceed marginal cost.Explain why?

A: Total revenue is the total receipts collected from the sale of goods or services in the market. The…

Q: At a market price of $5 your artisanal pencil business maximizes profits by producing 484 pencils…

A: The profits will be computed as total revenue minus total cost. The total revenue refers to the…

Q: How do you define 'profit

A: The main objective of the firm in whether competitive or imperfect competition market is Profit…

Q: Poinsettia growing is perfectly competitive and all growers have the same costs. The market price is…

A: The shutdown point is a level of production at which the firm doesn't have benefits for continuing…

Q: When will a business shut-down in the short-run?

A: Short-run: - it is a short time period in which some factors of production are variable and some are…

Q: Consider the following graph to answer questions 1) Find the total cost when the firm maximizes…

A: 1.The quantity that maximizes the profit which satisfies the condition: Marginal…

Q: The value of Marginal revenue is $40 and the value of marginal cost is $30. Is the firm maximizing…

A: Given : The value of Marginal revenue is $40 and the value of marginal cost is $30.

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: In the short run, the firm should

A: A firm should produce in short run if the market price is greater than average variable cost.  And a…

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: The following diagram shows cost curves for a perfectly competitive firm. %24 SMC 2.60 ATC AVC 1.60…

A: Here, marginal cost, Average variable cost and average total cost curves are given.

Q: Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100…

A: ANS Profit is given by subtracting Total Cost (TC) from Total Revenue (TR). Mathematically it is…

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: 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…