McAuley's Golden Muggs is a monoply who's elasticity is 5, marginal cost is $2 maginal revenue is $5. McAuley's should produce more to maximize profits. True False
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McAuley's Golden Muggs is a monoply who's elasticity is 5, marginal cost is $2 maginal revenue is $5. McAuley's should produce more to maximize profits.
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- What is total revenue,marginal revenue and own elasticity of each row of the table?The folowing diagram shows the curves for perceived demand, marginal revenue, and cost for Manuela's Pizza, which serves Mexican-style pizza. Manuela's is one of many other fast food restaurants in this town. MC Price and Cost ATC Demand Quantity of piezas Which statement describes the transibon to the long nun? Select the best answer. O More fast food restaurants will enter the market, and Manuela's demand curve will become more elastic. Manuela's will raise its prices since there is a large demand for its pizzas. O More fast food restaurants will enter the market, and Manuela's demand curve will become more inelastic. Manuela's will experience lower costs of production because it will expand its output.Help me
- As a producer, how would you use the information about elasticity to maximize your revenue? Explain. Please don,t copy from any where. Use graph and show answer step by step .Answer must be correct. Do answer follow question. Read all part and then answer.MIcro: The company “Mike Broonie” operates in the market of monopolistic competition. Just now, the company weekly produces and sells 100 units of pillows for £12 each. The average total cost to produce the pillows doesn’t depend on the output, being £10 per unit. Having evaluated the price elasticity of demand for its product, the company concluded that demand is inelastic at the moment. a. What indicator characterizes the price elasticity of demand? What formula (or formulas) one can use to calculate this indicator? Choose any number for this indicator that, under the conditions specified in the case, could characterize the price elasticity of demand for the company “Mike Broonie”. b. Imagine that the owner of the company wants to increase the price of the company’s product. How will it affect sales, revenue, and profit (will each of these indicators increase, decrease, or remain the same)? Give here theoretically substantiated forecast. To increase the number of points…PRICE (Dollars per cupcake) 4.00 3.50 1.00 2.50 2.00 1.50 1.00 0.50 0 MC D ATC MR Demand 0.5 1.0 1.5 20 25 30 35 40 QUANTITY (Thousands of cupcakes) At the profit-maximizing output and price, the shop's profit is equal to Given the profit-maximizing choice of output and price, there are Profit Maximizing Outcome Profit Loss 2 (Hint: Be sure to enter a minus sign if profit is negative.) shops in the industry than there would be in long-run equilibrium.
- Walkers’ Shoes reports the following demand schedule for its black brogues. Price 1600 800 400 200 100 50 25 12.5 Quantity Demand 2 4 8 16 32 64 128 256 What is the effect on Walkers Shoes’ total revenue of doubling the quantity of shoes which it supplies? What is the value of its marginal revenue? How does your answer relate to the value of the price elasticity of demand?QUESTION 10 State the difference between Total Reveune (TR) and Marginal Revenue *MR). When MR will be negarive? what will happen at Maximum Total Revenue For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). In BIUS Paragraph Arial 14px Sa Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL !!!In the long run, the economic profit for a monopolistic competi Negative we cannot tell Positive Zero
- As a producer, how would you use the information about elasticity to maximize your revenue? Explain. Use graph and show answer step by step .Answer must be correct. Do answer follow question. Read all part and then answer.price S-. amd n.ma 20 18 16- 14- 12 10 8. 6. 4 TR 1 2 3 45 6 7 89 10 Quantity Demanded Click Save and Submit to save and submit. Click Save All Answers to save all answers. Total Revenue 2.The following graph shows Crest's demand curve, marginal-revenue (MR) curve, average-total-cost (ATC) curve, and marginal-cost (MC) curve. Use the black point (plus symbol) to indicate Crest's profit-maximizing output and price. (?) Price, Cost, Revenue Demand ATC O True MR Quantity of Crest Toothpaste True or False: Crest's profit is positive. + Profit Max
