____________ refers to the additional revenue gained from selling one more unit. Group of answer choices Total revenue Marginal revenue Economic profit Accounting profit
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A: Hey, Thank you for the question. According to our policy, we can only answer 1 question up to 3…
Q: TEXplor has purchased a 2-year lease on land adjacent to the land leased by Clampett. The land…
A: Hi! thankyou for the question but as per the guidelines, we can only answer three subparts at a…
Q: Question 1
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Q: two pictures
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Q: 27. A firm earns economic profit when total profit exceeds
A: To find : When do firm earn profit.
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A: Given: Total Revenue = $4500 Explicit Cost = $4500
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- Question 20 of 20 Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and could easily go to work for his brother's company earning $76000 a year, his true passion is for cheese. Consider the list of Reggie's revenue and expenses from last year. Please use the information provided to answer the questions. Revenue from 2010 $90000 Rent $18000 Equipment $6000 Supplies $3000 What is Reggie's accounting profit? What is Reggie's economic profit? -$13000 $63000 $3000 O -$13000 -$63000 $3000 $63000 -$63000(d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit the firm will earn.Ford's Chevrolet's Ford’s Chevrolet’s Selling Selling Profits Profits Price Price (millions) (millions) $ 4,000 $ 4,000 $ 8 $ 8 4,000 8,000 12 6 4,000 12,000 14 2 8,000 4,000 6 12 8,000 8,000 10 10 8,000 12,000 12…
- ._______ A person or organization purchasing a franchise.E4 P Q ARC POINT Total Revenue Marginal Revenue 7 100 6.5 200 6 300 5.5 400 5 500 4.5 600 4 700 3.5 800 3 900 2.5 1000 2 1100 1.5 1200 find the remaining values and writ the comments on the results?Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($) Average Cost($) 2 24 48 23 35 2.5 17.5 4 23 92 21 45 5 11.25 6 22 132 19 60 7.5 10 8 21 168 17 77 8.5 9.63 10 20 200 15 100 11.5 10 12 19 228 13 126 13 10.5 14 18 252 11 165 19.5 11.79 16 17 272 9 210 22.5 13.13 18 16 288 7 260 25 14.44 20 15 300 5 320 30 16 The table above is for a monopolistic competitive firm. What will the firm's profit equal in the short run? Question 20 options: $0 $91 $102 $228
- Activity Frame A 2191 A 1878 1565 n 1252 939 626 0 A + + 0 5 10 TOTAL REVENUE (Dollars) 3130 2817 2504 MARGINAL REVENUE (Dollars) 313 Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produced. The marginal revenue of the 10th unit produced is $ Calculate the total revenue if the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced. The marginal revenue of the 20th unit produced is $ 250 Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol) to plot the firm's marginal revenue curve on the following graph. 225 200 175 150 125 100 75 50 25 0 15 20 25 30 35 40 QUANTITY (Number of units) -25 -50 0 A 45 50 5 10 15 Total Revenue 20 25 30 35 QUANTITY (Units) 40 45 50 Marginal Revenue (?) Comparing your total revenue graph to your marginal revenue graph, you can see that total revenue is…Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($) Average Cost($) 2 24 48 23 35 2.5 17.5 4 23 92 21 45 5 11.25 6 22 132 19 60 7.5 10 8 21 168 17 77 8.5 9.63 10 20 200 15 100 11.5 10 12 19 228 13 126 13 10.5 14 18 252 11 165 19.5 11.79 16 17 272 9 210 22.5 13.13 18 16 288 7 260 25 14.44 20 15 300 5 320 30 16 The table above is for a monopolistic competitive firm. What price will the firm charge? Question 19 options: $13 $15 $19 $24Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($) Average Cost($) 2 24 48 23 35 2.5 17.5 4 23 92 21 45 5 11.25 6 22 132 19 60 7.5 10 8 21 168 17 77 8.5 9.63 10 20 200 15 100 11.5 10 12 19 228 13 126 13 10.5 14 18 252 11 165 19.5 11.79 16 17 272 9 210 22.5 13.13 18 16 288 7 260 25 14.44 20 15 300 5 320 30 16 The table above is for a monopolistic competitive firm in the short run. What will the firm's profit equal in the long run? Question 21 options: $0 $91 $102 $228
- Macmillan Learning Quantity (units) Fixed cost ($) Variable cost ($) Total revenue ($) 10 100 11 100 12 888 36 1,000 74 1,100 100 145 1,200 13 100 14 100 15 100 16 100 17 100 88888 202 1,300 300 1,400 435 1,500 588 1,600 774 1,700 a. What is the marginal revenue received from the 11th unit? b. What is the marginal cost of producing the 11th unit? $ c. What price does this firm charge for each hard drive? d. How many units should this firm produce to maximize profits? e. When profit maximizing, what is this firm's profit? $ per unit unitsQuestion Calculate marginal revenue for Q = 5 Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost (Q) 1 2 3 4 5 6 7 8 (TR) 1,200 2, 200 3,000 3,600 4, 100 4, 200 4, 200 4,000 (MR) ? ? ? ? ? ? ? ? (TC) 500 775 1,000 1,250 1,650 2,500 4,000 6,400 (MC) 500 275 225 250 400 850 1,500 2,400QUESTION 4 (10 marks) Price/Revenue/Cost (RM) MC 60 АТС 30 DD= AR 18 `MR Quantity (units) 50 60 80 a) Calculate the total revenue (TR) earned by the firm. (3m) b) Calculate the total costs (TC) paid by the firm. (3m) c) Calculate the profit of the firm. Name the profit. (4m) 2
