marginal revenue equals marginal cost to maximize total revenue

Expert Solution

Rahul Sunny answered 2 years ago

At a quantity of 265 units marginal revenue equals marginal cost. Fixed cost is $2,500, the Total Variable cost is $9,500, and the total revenue is $11,000.

At a quantity of 265 units marginal revenue equals marginal cost. Fixed cost is $2,500, the Total Variable cost is $9,500, and the total revenue is $11,000. Calculate the average fixed cost, average variable cost, average total cost and marginal revenue. Should the company shut down or stay in business in the short run? In the long run?

At a quantity of 375 units marginal revenue equals marginal cost. Fixed cost is $1000, the Total Variable Cost is $7,000 and the Total Revenue is $6000.

At a quantity of 375 units marginal revenue equals marginal cost. Fixed cost is $1000, the Total Variable Cost is $7,000 and the Total Revenue is $6000. Calculate the average fixed cost, average variable cost, average total cost and marginal revenue. Should the company shut down or stay in business?

For a consumer to maximize utility? A Price equals marginal cost B Marginal Utility equals marginal...

For a consumer to maximize utility? A Price equals marginal cost B Marginal Utility equals marginal benefit C Marginal benefit equals total utility D Price equals marginal benefit

For a monopolist: Price is greater than marginal revenue. Marginal revenue equals zero. Marginal cost equals...

For a monopolist: Price is greater than marginal revenue. Marginal revenue equals zero. Marginal cost equals zero. Average total cost equals marginal cost.

1. Producing where Marginal Revenue equals marginal cost does not maximize profit or minimizes losses. Agree...

1. Producing where Marginal Revenue equals marginal cost does not maximize profit or minimizes losses. Agree or Disagree? Why? Explain your answer and give examples. 2. Basing the determination of the short-term profit maximizing output for individual firms based on the four basic market structures by using arithmetic and graphical analysis is not effective method. Agree or Disagree? Why? Explain your answer and give examples. 3. There is no contrast of demand curve differences between the four basic market structures....

QUESTION 8 For a monopolist: price equals average total cost. price is above marginal revenue. marginal...

QUESTION 8 For a monopolist: price equals average total cost. price is above marginal revenue. marginal revenue equals zero. marginal cost equals zero. QUESTION 9 An example of price discrimination is the price charged for: an economics textbook sold at a campus bookstore. gasoline. theater tickets that offer lower prices for seniors. a postage stamp. QUESTION 10 There is only one gas station within hundreds of miles. The owner finds that if she charges $3 a gallon, she sells 199...

Question 1 Output total cost marginal cost fixed cost average cost Total revenue average revenue Marginal...

Question 1 Output total cost marginal cost fixed cost average cost Total revenue average revenue Marginal revenue 0 10 0 1 16 20 2 26 40 3 40 60 4 60 80 5 88 100 6 120 120 A) Complete the missing data on the table B) What is the selling price of a laptop case explain your answer c) What is the profit maximizing level of output for this firm explain your answer d) create a graph using three...

why is the level of output at which marginal revenue equals marginal cost the profit maximizing...

why is the level of output at which marginal revenue equals marginal cost the profit maximizing output?

Why is the level of output at which marginal revenue equals marginal cost the profit maximizing...

Why is the level of output at which marginal revenue equals marginal cost the profit maximizing output?

Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average...

Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average Variable Costs 0 0 - 10 - 10 - - - 1 8 24 14 24 2 16 34 10 17 3 24 42 8 14 4 32 49 7 12.25 5 40 57 8 11.4 6 48 67 10 11.17 7 56 81 14 11.57 8 64 99 18 12.38 9 72 123 24 13.67 1b. At a price of $14, what is...

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