Market for smartphone data plans 120 110 100 S 90 Price Floor 80 70 60 Market Price 50 40 30 20 Price Ceiling 10 D 20 100 140 120 60 180 220 Quantity Price 20

Q: Calculate profits given:- Total revenue = $10,000 Total cost = $7700

A: The data presented in the question above is:- Total revenue = $10,000 Total cost = $7700 Using this…

Q: Market for smartphone data plans 120 110 100 90 Price Floor 80 70 60 Market Price 50 40 30 20 Price…

A: Price ceiling is a price control method in which the government sets the maximum limit on prices…

Q: PriceQuantity Total Demanded Revenue Revenue Marginal Total Cost Marginal Cost $24 1000 $24,000 ***…

A: GIVEN     Price Quantity Demanded Total Revenue Marginal Revenue Total Cost Marginal Cost $24…

Q: 100 90 80 70 60 ATC 50 40 30 20 AVC 10 MC O 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of…

A: please find the answer below.

Q: How would I calculate the percentage change in price for these? (Not graded just a practice…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Problem 1 (THINK) A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the…

A: Revenue is earn by producer or seller by selling goods and services and calculate by number of goods…

Q: You saw a product sells for $140 on the price tag and costs $100, the Mark-up (%) for this product…

A: Selling price is the face value or tag value of the product. whereas the actual monetary value…

Q: Canning Transport is to move goods from three factories to three distribution centers. Information…

A: Source Supply Destination Demand A 200 X 50 B 100 Y 125 C 150 Z 125 shipping cost Source…

Q: s selling 900 units of its product at a price of $10 per unit and earnin

A: Average total cost is the total of all expenses brought about to deliver a bunch, divided by the…

Q: You just received your midterm exam results andyour professor wrote the following note: “Youreceived…

A: In economics, positive statements are those that are objective as well as testable in nature. Such…

Q: 10 90 80 S=MC 70 60 50 40 30 - 20 MR 10 1,000 2,000 3,000 4,000 5,000 Quantity (pillows per hour)

A: A monopoly market only has one seller selling a unique good. As being the sole seller, there is no…

Q: LEAST COST METHOD DESTINATION SOURCES SUPPLY 1 3 1 4 300 2 400 8 3 3 2 500 DEMAND 250 350 400 200 5.

A: The Least Cost Method is a method in transportation problem which is used to derive initial feasible…

Q: The value of Total revenue is $400 and the average revenue is $40 Calculate the output

A: # if we are given the value of total revenue and average revenue then we can easily calculate the…

Q: When purchase prices are increasing trend and selling price is constant, fifo results in? A. Lower…

A: Due to constant selling cost,allthough increase in purchase prices,retailer would be affected but…

Q: (2) problem think of researches,ecommerce problem measure quantatitive and qualitative analyais.

A: Quantitatively,ecommerce problem would be how much quantity of orders to manage. Because if there is…

Q: Kendra bought 208 donuts for $80. Her profit was $45 once she had sold 100 donuts. Which equation

A: Kendra bought 208 donuts for $80. Her profit was $45 once she had sold 100 donuts. The equation…

Q: A firm collect $300 by selling 5 bicycle and collect $330 by selling 6 bicycle. Calculate the…

A: The selling price of 5 units (bicycle) = $300 The selling price of 6 units (bicycle) = $330

Q: Steve repair the synth before selling because marginal cost is than marginal benefit. O should not;…

A: Marginal cost is the addition to total cost by employing an additional input and marginal revenue is…

Q: Interest Table Cost.1.2: Amount Rates Loan #1 = $25,000 3.20% Loan #2 = $40,000 4.30% Owner's Last…

A: Accounting profit is the financial profit after deducting explicit costs from total revenue.

Q: $700 650 600 550 E 500 450 400 350 300 7 9 10 11 12 13 14 Quantity of tickets (millions per year)

A: Surplus is difference between the amount expected to pay or received minus the amount actually paid…

Q: Price 90 85 80 75 70 65 60 55 50 45 40 35 30 25 20 Market for Laptop Chargers Demand -Supply laptop…

A: Reservation price - Reservation price is the maximum willingness price for a commodity or service.…

Q: Profits for Mia's chocolate shop is $2300 Total revenue generated is $4100  Find the value of…

A: The information being given is:- Profit for chocolate shop = $2300 Total revenue = $4100  We have to…

Q: hual 1 menunjukkan beberapa data harga dan kuantiti untuk sebuah ekonomi sederha. g menghasilkan…

A: GDP measures the market value of goods and services produced within an economy within a given period…

Q: TFC TVC TC MC TR MR PROFIT/LOSS 400 100 400 50 200 400 100 300 400 130 400 400 180 500 400 220 600…

A: TC=TFC+TVC Fixed cost is independent of output produced whereas variable cost with the level of…

Q: Describe the Cost of Cooking with Electric and Gas Ranges.

A: Cost: It shows the monetary value of the good and services which is purchased by consumers and…

Q: Firm A Firm B Price and Cost (dollars) Price and Cost (dollars) MC MC ATC 11 11 10 10 AVC ATC 8. AVC…

A: In a perfectly competitive market there are large number of firms producing similar and identical…

Q: Multiple Cholce prices of Cand D cannot be determined. price of C Is $5 and the price of D is $10…

A: Budget line: - it is the graphical representation of different combinations of two goods that a…

Q: ATC Avc K FOR EACH DAGRAM, FIND R 1.Quantity Hi 2. Prce IN 3. TR 4. Cost per unit 5 TC A 13 E F

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

Q: Q=48+0.1p p=Price TC=820+10Q2 Q=Number of units Find the revenue maximizing price and output.

A: Given, Q=48+0.1p TC=820+10Q2

Q: EOC 16.05 (and 16.06) Who likely gets charged the lowest price for a rental car? Select an answer…

A: Elasticity measures the responsiveness of quantity demanded with respect to change in price.

Q: diagram below shows the market for some agricultural product, X. .00 5.00 1.00 3.00 2.00 1.00 300…

A: In a market, at a specific market price, producer surplus can be calculated as: =(1/2)×(market…

Q: A manufacturer can produce a gizmo at a cost of $6 apice. He sells this gizmo for $10 ,and at this…

A: We define total cost as the cost of producing a good which is sum of fixed and variable cost. The…

Q: 0.55 * 0.50 0.45 0.40 Number of pencils Price ($)

A: Equilibrium(e*) is where the dd(demand) and ss(supply) cut each other. Here, the market clears-…

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A: Given, D = 400 S = 36 H = 2

Q: The total amount spend on production of 500 machines are $100. The selling price of a machine is $…

A: The cost of producing 500 machines (Total cost)  = $100 The selling price of one machine = $25

Q: Total revenue is given as $500 and the quantity is given as 30 units.  Calculate average revenue

A: # The average of total revenue which is gained on a single unit is given as average revenue.

Q: A. When the price =50000-500(Demand) and the variable cost-$3000 per unit, the value of demand that…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: ofit make up and selling costs

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Q: ATC MC 10 PRICE (Dollars per subscription) 8 8 R 8 8 9 8 &

A: A monopoly is the sole producer of a good thus having maximum market power hence will acts as a…

Q: Up Down 2 8 Stop Attack E 2 Resist Вack down -2 6.

A: Players: {1,2} Strategy 1: {UB, DB, UR, DR} Strategy 2: {A, S}

Q: Cecil Green sells golf shirts. He knows that most people will not pay more than $40 for a golf…

A: Given, markup on cost = 35% The selling price with a markup based on cost will be:

Q: II. Give an example of a product based on Consumer or household Goods Classification PRODUCTS…

A: The mentioned four types are the classification of goods based on how the consumer buys the goods.

Q: Total revenue is $4400 and output is 220 Find the value of average revenue

A: Total revenue is value of output sold at a particular price. For profit, total revenue should be…

Q: What is total revenue if price and quantity and $5 and 20 units

A: Given: Price = $5 Quantity = 20 units