a Calculate the missing total revenue and marginale Instructions: Enter your answers as whole numbers in the gray shaded cells. If you are entering any negative numbers be include a negative sign () in front of those numbers. Production and Costs Total Product 0 1 2 3 4 5 6 7 B D 10 Average Fixed Cost 560.00 30:00 20.00 15.00 12.00 857 750 667 6.00 Average Variable Cost $45.00 42 50 40.00 37:50 37.00 37.50 38:57 4063 4333 Average Total Marginal Cost Cost $105.00 72.50 60.00 52.50 49.00 47.50 47 14 50.00 52.50 $45 40 35 30 35 40 66 75 Price $115 100 83 71 55 42 37 33 29 Quantity Demanded 0 1 2 3 4 5 6 7 6 9 10 Demand Total Revenue Marginal Revenue
Q: Marvin borrowed Php 75,000 on September 18, 1898 and promised to pay on May 17, 1904 at a simple…
A:
Q: Consider the economies of Hermes and Gribinez, both of which produce gaggles of gop using only tools…
A: Productivity is a proportion of economic performance that looks at the quantity of labor and…
Q: 24. Binita has a limited income and consumes only juice and pasta; her current consumptio hoice is…
A: The utility is maximized where the Budget line of consumer tangents the slope of indifference curve…
Q: uantity of Total roduct A Utility 1 2 3 4 5 6 7 16 30 42 52 60 66 70 Marginal Utility 16 14 12 10 8…
A: A consumer will maximise utility at a point where marginal utility per dollar of good A is equal to…
Q: What are the credit policy of reserve Bank of india (1994-95). Write any seven policies.
A: The Reserve Bank of India (RBI) is the central bank of India, which started working on Apr. 1, 1935.…
Q: In a small town, there's a mousepad factory which employs workers at $8 an hour, for forty- hour…
A: In microeconomic theory, the opportunity cost of a particular activity option is the loss of value…
Q: Individual industries will use energy as efficiently as it is economical to do so, and there are…
A: Given, Two Pumps : A and B Both Pumps operate for 800 hours per year. Cost of Pump A is $1,800…
Q: The table below illustrates the market's demand and supply for cheddar cheese. a. Find the…
A: DISCLAIMER:- since you asked multipart questions we are solving first 3 subparts as per guidelines…
Q: Suppose that you are one of rubber producers (sellers) in the perfectly competitive market in…
A: Worker cost is considered as variable cost because it changes as output output changes . And we…
Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…
A:
Q: Let's have some practice with the aggregate demand curve. If you want to draw it in your familiar y…
A: Since the question you have posted consists of multiple parts, we will answer the first two parts…
Q: The asset demand for money 'Da' is shown in the graph below. The transactions demand for money is…
A:
Q: If nominal GDP rises from $2,000 to $3,000 while CPI rises from 1 to 1.2 in the same period, find…
A: Real GDP is the product of output and base year price while Nominal GDP refers to the product of…
Q: What is indirect tax? Write its four definitions.
A: Tax is compulsory contribution on the wealth of a person or a body of person for the services of the…
Q: Practice with money multipliers. Think of the “money supply” (MS) as equal to either M1 or M2. a.…
A: Reserve requirement refers to the minimum percentage of reserves that banks are required to hold…
Q: Explain in details whether the underlined part of statement is true or false. In a perfectly…
A: A perfectly competitive market is a market structure where there are many buyers and sellers. Buyers…
Q: What are the equations for the consumption, net exports, and aggregate expenditures functions?
A: Given Y C I G Net export X $100 $120 $20 $30 $10 $300 $300 $20 $30 -10 $500 $480 $20 $30…
Q: A machine purchased for #771518 has a depreciable life of 6 years, and it has a terminal book…
A: Given Initial cost of the machine is 771518 Depreciable life (n) =6 years Slavage value after 6…
Q: Ayesha, a baker of apple pies, can make a pie from one pound of apples and one hour of paid labor.…
A: Given information: An apple pie can make from one pound of apples and one hour of paid labor. The…
Q: In the income-expenditure model, if autonomous investment decreases by $10 billion, a. planned…
A: The income expenditure model shows the relationship between income and expenditure in an economy. It…
Q: 4. Explain the essential features of the Rostow’s-stages-of-growth theory of development and its…
A: Rostow's model: It refers to the model which has influenced the development of poor countries. The…
Q: What is the short run supply curve of a perfect competitive firm. Expalin using illustrations
A:
Q: The table below shows labor income for four individuals and the amount each has pai Labor Income,…
A:
Q: E1 Choose two of the kinds of monopolies listed below, explain each. You must use APA…
A: The discriminatory monopoly appears when the producer (monopolist) of the product charges different…
Q: WAVERS Inc. is a California based firm that specializes in the manufacturing of high- end…
A:
Q: 45.
A: Monthly average in 2017 = $71.88 Increase in annual rate (r) = 3% per year n= 2020 - 2017 = 3 years
Q: Managerial economics involves the application of economic theory and decision science. POONAM CHAND.…
A: The idea of managerial economics is an expansive idea liable for staffing, arranging, coordinating,…
Q: Okun's Law is defined as: Change in the unemployment rate=-: If the unemployment rate is 3.6% and…
A: Okun Law represent the relationship between unemployment and losses in a production which occur…
Q: What are the objectives and mo monetary advantages of international fund (IMF) ?
A: International Montery Fund acts as a lender to the governments of different member nations. It also…
Q: A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to…
A: The sum of the fixed and variable costs is the overall cost. The price of fixed inputs into…
Q: What are the determinants of the trade balance? Briefly explain each determinant.
A: Trade balance= Export-ImportIf exports are more then there is a trade surplus and in the case of…
Q: Compute the impact on the money multiplier of currency-to-deposit ratio from an increase in the…
A: Money multiplier is negatively associated with Currency deposit ratio. Rise in the currency deposit…
Q: What are cannons of taxation?
A: The administrative components of a tax are referred to as canons of taxation. They have to do with…
Q: Match the fill-in-the-blank statement in the left column to the corresponding term/phrase in the…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first three subparts for you.…
Q: What is the importance of Central Bank in nation?
A: Central banks play a crucial role in ensuring financial and economic stability. They help in…
Q: Consider two countries, home and foreign and a single good, Y. Assume that home country imports good…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Using the IS-LM -FX diagram, show graphically and explain the effects of a contractionary monetary…
A: The IS-LM-FX model is also known as the Mundell Fleming model. Here we consider the open economy in…
Q: At the start of 2018, Gina had an estimated wealth of $150,000. During the year of $2018, she earned…
A: The quantity of valuable commercial products amassed or accumulated at a particular moment is what…
Q: The inverse demand curve a monopoly faces is p=120−Q. The firm's cost curve is…
A: Given information: p = 120-Q ----------> demand equation C = 20 + 5Q -----------> cost…
Q: A graph charts quantity on the X-axis and charts price on the Y-Axis. A line downward-sloping moves…
A: Demand refers to the quantity that a consumer wishes to purchase at a given price in a given period…
Q: Financial institutions have warned that increased life expectancy means that many people have not…
A: Consumption Consumption is the way that households consume products and services. Contrary to…
Q: 6. Who proposed Revealed prefere A. Wilfred Pareto B. J. Hicks C. Paul A. Samuelson D. All of the…
A: The rationality of customers is the underlying presumption of revealed preference theory. In other…
Q: List and discuss the
A: Fiscal policy is the utilization of government spending and taxation to influence the economy.…
Q: Which of the following shifts the demand curve for rice? A. a decrease in the price of a pound of…
A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…
Q: What are the functions of central bank in developed economies?
A: The top institution in the banking industry is the central bank. All other financial institutions…
Q: Consider the following game (anachronistically) called the battle of the sexes. Two brothers, Shahid…
A: We have given the game called the battle of sexes. Row player = Jamil Column player = Shahid Let…
Q: how do you find the total fixed cost if you don't know total variable cost
A: To determine the TFC of the whole table, we just need to find TFC of any quantity because TFC…
Q: End of Year 0 1 2 3 4 5 11. End of Year 0 1 2 3 4 5 Question 1 1. QUESTION Table 1 Information on…
A: Given information Challenger A cost table Defender cost table Evaluation time=4 years i=10%
Q: In short-run production with two inputs where land is a fixed input labor is a variable input, once…
A: Marginal product of labor (MPL) is defined as the change in the product of labors by employing one…
Q: Three mutually exclusive projects are being considered by Sesame Street Productions (SSP). The…
A: Benefit Cost Ratio is defined as the metric used in finance that helps in the assessment of…
Step by step
Solved in 2 steps
- Price and cost $4.00 3.20 2.40 1.60 0 Questraq; not sugamon Isnigiem sunsven lang jam neris MC ITAALS 25006 DMC Sorberg in ATC AVC HONDE SOM= 15152 850 1,700 MR 2,550 D Quantity a. If Elijah produces at the profit-maximizing level of output, how much is his total revenue? How much is his total cost? Briefly explain your calculations. a. How much economic profit is Elijah earning? Briefly explain your calculation.Danilo and his wife operate a restaurant where they sell all their meals for $14.00 each. The markup on each meal is $5.00 and overhead expenses are 19.00% of cost. a. How much does it cost them to make each meal? $0.00 Round to the nearest cent b. What is their operating profit per meal? 50.00 Round to the nearest cent c. Calculate the break-even price. Round lo the nerert rent4. Elasticity and total revenue The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 120 110 100 Total Revenue 90 B0 70 50 40 30 20 10 Demand 10 20 30 40 50 70 90 100 110 120 QUANTITY (Bippitybops) PRICE (Dollars per bippitybop)
- TOTAL COST AND REVENUE (Dollars) 100 Total Cost ם Total Revenue 75 50 -25 A 50 0 1 2 5 QUANTITY (Shirts) A A Profit Calculate Neha's marginal revenue and marginal cost for the first seven shirts she produces and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost. (?) COSTS AND REVENUE (Dollars per shirt) 30 25 225 20 15 10 о OO 2 3 A 5 6 QUANTITY (Shirts) Marginal Revenue + Marginal Cost Neha's profit is maximized when she produces 10 shirts. When she does this, the marginal cost of the previous shirt she produces is $ which is than the price Neha receives for each shirt she sells. The marginal cost of producing an additional shirt (that is, one more shirt than would maximize her profit) is S than the price Neha receives for each shirt she sells. Therefore, Neha's profit- maximizing quantity corresponds to the intersection of the which is curves. Because Neha is a price taker, this…The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirts), which is in long-term equilibrium.a. Complete the blanks in the following table. Round your answers in the "AC" column to 2 decimal places. Quantity Price TR MR TC MC AC 0 / $ / / $128 / / 1 70 160 2 136 190 3 198 230 4 256 272 5 310 315 6 360 360 7 406 406 8 448 453 b. What is the profit-maximizing price and output for Rising Moon? Price: $ Output: c. At the profit-maximizing output, what are MC and MR? MC: $ MR: $ d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places. AC: $ AR: $ e. Given your answers above, what type of market must Rising Moon be operating in?X 1 ences If the price of oats is $3.0 per kilo, calculate the total revenue and the total profit (or loss) at the quantities shown in below table. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank - be certain to enter "0" wherever required. Mc Graw Hill Quantity (kilos) Total revenue Total cost Total profit $ 600 1800 $1,900 700 2100 $2,000 $ 800 2400 $2,400
- the table below shows the output cost and revenue situation of a firm. Study the table and asnwer the questions that fllows Q TVC TC MC P TR MR 0 0 150 0 200 0 - 1 110 C 110 175 175 175 2 170 320 G 150 I L 3 A D 46 135 405 105 4 250 E 34 120 J M 5 B 445 H 105 525 45 360 F 65 90 K N (a) what is the fixed cost of the firm? Explain your answer (b) determine the values from A-M by showing all workings employed (c) At what quantity and price is the firm in equilibrium position and in what market is the firm oeperating? explain your answerJYour business has the capacity to produce up to 5 units/week. The table & graph below show average cost (AC) for different weekly production levels. Your objective is to maximize profit each week. Average Cost 22 20 AC 18 1 20 14 2 15 12 3 12 10 1 2 4 4 13 Quantity 15 Your product sells in the market for $21/unit, and you can sell as many units at that price as you can bring to market. You know from your economics training that deciding how much to produce should rely on marginal concepts like marginal cost (MC). So, based on the AC table above, create a table that shows the MC of each unit. (Assume that there are no fixed costs, so total costs are zero if Q=0.) Based on MC for each unit, determine the profit-maximizing quantity to produce and sell. BRIEFLY explain your answer. (Your answer needs to be based on MC and being able to sell each unit for $21.) AC ($/unit)The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bippitybop) 240 220 200 180 160 140 120 100 80 8 60 40 20 0 mớ H + 0 9 18 27 36 45 54 63 72 81 QUANTITY (Bippitybops per day) * Demand 90 B 99 108 Total Revenue (?)
- explain what is happening in this graphsA computer company produces affordable, easyto-use home computer systems and has fixed costs of$250. The marginal cost of producing computers is $700for the first computer, $250 for the second, $300 for thethird, $350 for the fourth, $400 for the fifth, $450 for thesixth, and $500 for the seventh.a. Create a table that shows the company’s output,total cost, marginal cost, average cost, variablecost, and average variable cost.b. At what price is the zero-profit point? At whatprice is the shutdown point?c. If the company sells the computers for $500, is itmaking a profit or a loss? How big is the profitor loss? Sketch a graph with AC, MC, and AVCcurves to illustrate your answer and show theprofit or loss.d. If the firm sells the computers for $300, is itmaking a profit or a loss? How big is the profitor loss? Sketch a graph with AC, MC, and AVCcurves to illustrate your answer and show theprofit or loss.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 !!!