malopre Adempismo UCS TIG wells. This is atempt number 1. Force Completion This test can be saved and resumed later. Your answers are saved automatically. Question Completion Status: QUESTION 1 If the demand equation for a firm's product is equal to P = 10-Q, the marginal revenue MR is Ⓒ5-20 O10-40 Ⓒ10-Q Ⓒ10-20 QUESTION 2 "If a firm faces a demand curve of P = 2,000-Q and marginal costs of MC = 2Q, then the firm's profit maximizing quantity will be:" $100 16 $200 $500 Ⓒ$600

The blue curve on the fallowing graph represents the demand curve facing a firm that can set its own prices. Use the graph inout tool to help you answer the folowing questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white fidld, the graph and any corresponding amounts in cach grey field will change accordingly. Graph Input Tool Market for Goods 200 nguantity Semanded 20 100 Demand Price (Dolars per unt) 140 100.00 120 100 Demand 40 20 12 16 20 24 21 2 M 40 QUANTITY Iunita) On the graph inpue tool, change the number found in the Quantity Demanded feld to determine the prices that correspond to the production of 0, 8, 26, 20, 24, 32, and 40 units of output Calculate the total revenue for each of these production leveis. Then, on the fallowing graph, use the green paints (triangie symbal) to plot the resuuts. 2000 Tata Revenue 200 00 400 200 16 20 QUANTITY (Number of uni) 12 24 20 40 Calculate the total revenue if the firm produces…

A publisher faces the following demand schedule for the next novel from one of its popular authors:Price Quantity Demanded100 090 100,00080 200,00070 300,00060 400,00050 500,00040 600,000 530 700,00020 800,00010 900,0000 1,000,000The author is paid $2 million to write the book, and the marginal cost of publishing the book is aconstant $30 per book.a. Compute total revenue, total cost, and profit at each quantity. What quantity would a profitmaximizing publisher choose? What price would it charge? b. Compute marginal revenue. (Recall that MR=∆TR/∆Q.) How does marginal revenue compare tothe price? Explain. c. Graph the marginal-revenue, marginal-cost, and demand curves. At what quantity do themarginal-revenue and marginal-cost curves cross? What does this signify? d. In your graph, shade in the deadweight loss. Explain in words what this means. e. If the author was paid $3 million instead of $2 million to write the book, how would this affectthe publisher’s decision regarding the price…

17 of 16 BNW is one of many producers of luxury wheelchairs, which are differentiated to appeal to different market niches. BNW's Price per chair relevant demand and cost curves are depicted in the graph. $2,000 Average total Use this graph to answer the questions. Assume that there are 1,800 Marginal cost no significant barriers to entry. cost 1,600 Determine BNW's profit-maximizing price and quantity. 1,400 1,200 1,000 price per chair: $ 800 600 400 quantity of chairs: chairs 200 Demand Marginal revenue 100 200 300 400 500 600 700 800 900 Calculate BNW's profit. Chairs per week BNW's profit: $