Q: How do you calculate the revenue of a firm that produces only one good?
A: ANS TR is the value of the total number of goods sold by a firm in monetary terms. It is the product…
Q: Answer the questions and define the phrases/terms and explain the relationship between them when…
A: Answer -
Q: Find marginal cost of the firm given:- Marginal profit = $800 Marginal revenue = $1200
A: Marginal profit = $800 Marginal revenue = $1200
Q: Calculate marginal profit if :- Marginal revenue = $38 Marginal cost = $30
A: The data presented in the question above is:- Marginal revenue = $38 Marginal cost = $30 We have…
Q: A bookstore sells 90 textbooks at a price of $70 a book. The average total cost is $50 per textbook.…
A: Given that : Number of textbooks = 90 Price of a book = $ 70 Average total cost = $ 50
Q: If marginal revenue is $430 and the marginal cost is $320 Find marginal profit
A: According to the above given question, we are given that:- Marginal revenue = $430 Marginal cost =…
Q: Imagine you're owner of domino pizza. How would to maximize store's profit ?
A:
Q: Calculate the marginal revenue when marginal profit is $23 and the marginal cost is $78
A: # Marginal revenue is the additional revenue generated with the sale of an another unit of good and…
Q: How to calculate the Marginal cost and the Revenue of producing 1, 2,...15
A: Marginal cost can be defined as the change in total cost when one more unit of extra output is…
Q: Calculate the marginal cost when marginal profit is 30 and marginal revenue is 70
A: # Marginal profit is given as the difference between marginal revenue and marginal cost.
Q: After one month of operation, OU Café determined to shorten its business hours and close on…
A: The total costs of any firm includes fixed costs and variable costs. The fixed costs refer to those…
Q: What is the cost revenue? Explain with example?
A: Cost revenue is the total expenditure of producing and delivering a product or service to customers.…
Q: HOW TO CALCULATE PROFIT FROM THIS GRAPH?
A: MR curve has same vertical intercept as demand curve, but half the horizontal intercept of demand…
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A: Given:- Two Softwares X and M with their values being $6000 and $12000. To determine:- which…
Q: The firm has total revenue $100 and producing total 10 cell phone. How would I calculate average…
A: Total revenue (TR) = $100 Total quantity (Q) = 10 units Average revenue (AR) = ?
Q: Use the table to compute the marginal revenue and marginal cost
A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…
Q: Define the term cost of revenue?
A: Revenue is defined as the amount of money or income generated by a firm for a given period of time.…
Q: The marginal profit is $20 and marginal cost is $100 Calculate Marginal revenue
A: The Information being given is:- Marginal profit = $20 Marginal cost = $100 We have to calculate…
Q: If marginal cost and marginal revenue are $30 and $44 Find marginal profit
A: According to the above mentioned question, the values are:- Marginal cost = $30 Marginal revenue =…
Q: Describe the procedure of Gauging Product Cost and Price?
A: The cost of production of a good or service is the aggregate value of the investment made by a…
Q: Please explain how to calculate total revenue
A: Total revenue is the amount that a firm or individual receives after selling the output.
Q: Calculate the value of Marginal revenue when marginal cost is $73 and the marginal profit is 0
A: # the marginal profit is given as the difference between the marginal revenue which is collected by…
Q: Calculate average, marginal, and total revenue.
A: ANSTR is the total receipts of a seller that he earns from selling the goods that it produces. If P…
Q: Calculate economic profit given:- Total revenue = $5000 Explicit cost = $1000 Implicit cost =…
A: The data presented in the question above is:- Total revenue = $5000 Explicit cost = $1000 Implicit…
Q: Calculate Total revenue if average revenue is $15 and output is 1000
A: The information being given is:- Average revenue = $15 Output = 1000 We have to calculate the total…
Q: Why do more sales in not equal more profit
A: An expansion in deals/sales doesn't generally prompt an increment in benefit. Most organizations…
Q: What is the marginal cost for this product?
A: A cost function refers to the formula that is used to predict the cost that the firm will incur at a…
Q: If marginal revenue is $30 and marginal cost is $15 Calculate marginal profit
A: The information being given is:- Marginal revenue = $30 Marginal cost = $15 We have to calculate the…
Q: How would you calculate a firms total cost and total revenue using this graph?
A: The graph represents perfect competition market condition, and also short run time period since…
Q: the total cost is constant and the total revenue will increase, Explain
A: If price and total revenue both increaased in the market then the demand for the good is inelastic…
Q: Billy’s Bean Bag Emporium produced 300 bean bag chairs but sold only 275 of the units it produced.…
A: Output Produced=300 bean bag chairs Output sold=275 bean bag chairs Average cost for each unit…
Q: If marginal profit and marginal cost are $4 and $36 respectively Calculate marginal revenue
A: Marginal Revenue is the revenue per additional sale of unit , so here we calculate the value of…
Q: How many units should the firm produce to maximize profit?
A: Profit is maximized at the output level, for for which MR = MC.
Q: A. Define marginal revenue and marginal cost.
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Calculate Marginal revenue when marginal cost is 350 and the marginal profit is 80
A: # The difference between marginal revenue and marginal cost is given as the marginal profit.
Q: Find the marginal profit when the Marginal revenue is $1120 billion and marginal cost is $680…
A:
Q: Express the relationships among revenue, cost, profit, and volume?
A: Producer behavior can be assessed by understanding the relationship between revenue, cost, profit,…
Q: What products will your product compete against? Are there any similar products out there? Name and…
A: Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: How do we measure the Profit Margin on Sales?
A: Profit margin is a type of profitability ratio that represents the percentage of sales that have…
Q: . Which is the other name that is given to the average revenue curve?
A: The average revenue curve represents the revenue per unit for different quantities of output.
Q: (a) Calculate the value of marginal profit when marginal revenue is $400 and marginal cost is $700…
A: # we know that the difference between the marginal revenue and the marginal cost always gives the…
Q: Compare marginal revenue, marginal cost, and marginal revenue product.
A: The concepts of marginal revenue, marginal cost and the marginal revenue product are used by the…
Q: Marginal revenue (MR) is ____ when total revenue is maximized.
A: Marginal revenue is the revenue that can be earned by selling an additional unit of output. Total…
Q: If marginal profit is $33 and marginal revenue is $80 What's the value of Marginal cost
A: The data presented in the question is:- Marginal profit of the firm = $33 Marginal revenue = $80…
Q: In a business where, fixed costs are very high (i.e. the production of a new Music CD, or the…
A: Marginal cost refers to the additional cost of production incurred in the process of increasing…
Q: A bakery sells pretzels. The fixed costs come to $8,750.00 per month. It will cost 35 cents to make…
A: Break-even point=Fixed costSelling price-Variable cost
Q: for this graph answer the following question what is the total revenue? what is the total profit?…
A: Answer- Given in the question-
Q: Calculate the marginal profit when marginal revenue is $84,000 and marginal cost is $77,000
A: # Marginal profit is always given by the difference between marginal revenue and marginal cost. That…
How do you calculate a firm's total cost and total revenue?
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- Calculate average revenue when it is given that Total revenue is $70 and output is 5 unitsfor this graph answer the following question what is the total revenue? what is the total profit? what is the maximun point?Billy’s Bean Bag Emporium produced 300 bean bag chairs but sold only 275 of the units it produced. The average cost of production for each unit of output produced was $100. The price for each of the 275 units sold was $95. What is the Total profit for Billy’s Bean Bag Emporium? Include in your answer your calculation