Marginal revenue (MR) is ____ when total revenue is maximized.

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: 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: Which of the following profits represent economic profit? Choose all that apply. a. A restaurant…

A: Accounting profit is the net income for a company, which is revenue minus explicit costs(out of the…

Q: $28 500 $20 600 $11 700 He has a total fixed cost of $2000 per month and has a constant marginal…

A: a) Price per unit Quantity Total revenue Marginal revenue Total cost Marginal cost Profit…

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: Suppose that the quantity of umbrellas demanded at a price of $10 is 3,000 units. The company’s…

A: Total revenue is the product of price and quantity. Total cost is the cost of producing all the…

Q: QUESTION 8 If your total profit is 8000 dirhams and your total revenue is 10000 dirhams. How much is…

A: Costs refers to the expenses that incur in the process of production of goods or services. There are…

Q: Marginal profit is equal to: a) marginal revenue minus marginal cost b)marginal revenue plus…

A: The additional profit a corporation or individual makes from manufacturing and selling one more unit…

Q: Marginal revenue is calculated: by finding the additional revenue earned from selling an extra unit…

A: Marginal revenue refers to an increase in revenue from selling an additional unit of goods and…

Q: As long as the marginal benefit of producing each successive unit is greater than the marginal cost,…

A: As long as the marginal benefit of producing each successive unit is greater than the marginal cost,…

Q: To find the firm’s profits from the sales figures, assume that the price is $30, that the marginal…

A: Apple / Google Advertise Don't Advertise 700, 700 900, 600 Don't 600, 900 800, 800

Q: When output is 1, total cost is 7, total revenue is 10, and marginal revenue is 10. What is the…

A: Perfect competition is a theoretical market structure in which there are many buyers and sellers,…

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: "Costs do not affect the market price" is this statement right or wrong? Show your work

A: Answer: According to a prior research of price determination in the market age, production expenses…

Q: Maximizing total revenue is the same as maximizing profit   is this true or false

A: What is total revenue maximization? In total revenue maximization we try to find out the price or…

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: How does the shape of the producer's supply function reflect price elasticity ? Does cost analysis…

A: The producer’s supply curve showing the price elasticity in the long and short run can be understood…

Q: [2] Explain the effect on Marginal cost and Marginal Revenue on the production. ** the the marginal…

A: Firms adjust production levels when marginal cost (MC) differs from marginal revenue (MR), with the…

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: Total Fixed Total Variable Average Fixed Average Output Cost Cost Total Cost Cost Variable Cost…

A: * SOLUTION :-  * The marginal cost of 4th unit of good is = $ 12.5

Q: Suppose the price of rice increases from $0.80 to $1.00 a gram and the quantity demanded decreases…

A: The price elasticity of demand shows the responsiveness of demand with the change in price. The…

Q: What are the various effects of high inflation

A: Inflation is the general rise in the price level of a country over a period of time. It is broad…

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: is the difference between total revenue derived from sale of a firms output and opportunity costs…

A: Profit is the difference between the total revenue and the total cost over a specified time period…

Q: Chandra's Bookstore wants to find the price for maximum profit. The expense equation is E = = -3400p…

A:

Q: At profit-max quantity, the firm earns _________________economic profit on the last unit sold. Why?

A: The profit is the excess revenue made after deducting the total cost of production from the total…

Q: Define total revenue?

A: The firm can have two different objectives, either to maximize profits or to maximize the…

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: T/F There is a absence of selling cost in a perfectly competitive market.

A: A market structure where there are many small businesses selling the same, homogenous product and no…

Q: One more question is,  A profit maximizing firm faces market price of p2. What are their profits?

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Why must the marginal revenue be equal to the marginal cost for a producer? Explain.

A: Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit…

Q: If the price of a product falls by 15% and the quantity supplied falls by 25%, the elasticity of…

A: Given: The change in price is 15%  Change in quantity supplied is 25% To find: elasticity of supply.

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: Price per unit of good is $15 and the output is 200 units  Calculate total revenue

A: The information being given is:- Price per unit of good = $15  Output sold = 200 units   Total…

Q: The profit-maximising output will never be greater than the (profit-satisficing) sales revenue…

A: A firm maximizes profit at where the MC is equal to MR. Sales revenue maximizes at the point where…

Q: I. Desktop Publishing Software, Inc Desktop Publishing Software, Inc., develops and markets software…

A: P = 1000-1Q TC = 50,000 + 100Q