On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 6, 12, 15, 18, 24, and 30 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results.   Calculate the total revenue if the firm produces 6 versus 5 units. Then, calculate the marginal revenue of the sixth unit produced. The marginal revenue of the sixth unit produced is________.   Calculate the total revenue if the firm produces 12 versus 11 units. Then, calculate the marginal revenue of the 12th unit produced. The marginal revenue of the 12th unit produced is_________.

Q: Given cost and price (demand) functions C(q) = 110q + 40,800 and p(q) = - 1.9q + 900, what is the…

A: Marginal Cost refers to the additional cost incurred due to the production of additional unit of…

Q: Consider the following data: equilibrium price is 9.50, the quantity of output produced is1,000…

A: It is given : Price= 9.50 Quantity of output produced = 1000 units Average total cost = 8  Average…

Q: Assume that marginal revenue equals rising marginal cost at 100 units of output. At this output…

A: The profit-maximizing level of output is obtained at the point where the marginal cost equals the…

Q: given by R(q)=−5q^2+800q , where R(q)is in dollars and qq is units sold. Find a numeric value for…

A: Marginal revenue is the additional revenue earned with an  extra unit sold.

Q: Letters are used to represent the terms used to answer this​ question: price​(P​), quantity of…

A: Answer: Correct option: option (B) Explanation: A firm earns profit if the price is higher than the…

Q: A business has found that it can sell 680 items if it sets its price to $66.9. However, if it lowers…

A: When the price is $66.9, then the quantity sold is 680 items. When the price is $40.19 then the…

Q: 20Q, where C is the total cost, F is a fixed cost, and Q is the level of output. The inverse demand…

A: Answer According to the question it is given that : Cost function (C) = F + 20 Q And, the inverse…

Q: a textile company manufactures and sells x shirts per month. the monthly cost and price demand…

A: We are going to use methods such as profit maximisation to answer this question.

Q: Question: The price - demand equation and the cost function for the production of HDTV s are given…

A: Given x=9000-30pandx=15000+30xx=9000-30pp=900030-x30⇒P=300-x30We know that demand x and price…

Q: An ice cream company finds that at a price of $4.00 for each pint, they can sell 4000 pints of ice…

A: A demand function expresses the relationship between quantity demanded of a good and its price. An…

Q: Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The graph shows the cost curves are they profit maximizing firm in a competitive market. If the…

A: In a competitive market, there are a large number of sellers and buyers who have full information…

Q: Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 33,(x+9),…

A: Given  Marginal revenue = 900 Marginal cost = 33√(x+9) X = 5units. Profit(π) = Total revenue- Total…

Q: Which of the six cases are monopolies or might give rise to monopoly?

A: Monopoly refers to the market structure where a single seller or firm fully controls the market…

Q: The table shows the marginal cost C'00, the marginal revenue R'(x) for producing x items. The third…

A: Marginal cost(MC) is the addition to cost in producing one more unit of output. Marginal revenue(MR)…

Q: A company is the sole producer of holographic TVs. The daily demand for these TVs is Q=10,200 -…

A: A company is the sole producer of holographic TVs. The daily demand for these TVs is…

Q: A. Express the price p as a function of the demand x, and find the domain of this function. B. Find…

A: Step 1:

Q: A commodity has a demand function modeled by  p = 106 − 0.5x  and a total cost function modeled by…

A: In a firm that wants to maximize its profits levels, it becomes vital to determine the levels of…

Q: A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month.…

A: We are going to solve this question using single variable maximisation method.

Q: The figure shows graphs of the total cost function and the total revenue function for a commodity.…

A: The function that represents the total cost as being the sum of the variable costs and the fixed…

Q: A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month.…

A: We are going to use single variable profit maximisation method to answer this question.

Q: A local newspaper currently has 84,000 subscribers at a quarterly charge of $30. Market research has…

A: The measure that depicts expenses that are being incurred for carrying out day-to-day transactions…

Q: Match each graph with the function it best represents-a demand function, a revenue function, a cost…

A: Graph a = Demand function, decreases, increases Graph b = Cost function, increase linearly Graph c =…

Q: A manufacturer of a new patented product has found that he can sell 70 units a week to the customer…

A: Equation of a straight line with two points (x1,y1) and (x2,y2) is: y2-y1=m(x2-x1) m=Slope=…

Q: A firm manufactures two goods labeled 1 and 2. It sells Qi items of good i for a fixed price per…

A: Answer to the  question is as follows :

Q: Here is the production cost function, in $ of producing q units of a product: 2200 C(q) = 300 +0.8q2…

A: Since you have posted multiple questions with multiple subparts, as per guidelines, we are supposed…

Q: There are 100 consumers on the market for product X. The individual demand function is the same and…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats.  Each coat…

A: According to the question,  It costs a coat manufacturer $8750 to make 125 coats and it costs $6500…

Q: Until​ recently, hamburgers at the city sports arena cost $2.50 each. The food concessionaire sold…

A: Note: Since you've asked multiple sub-part questions, we will solve the first three sub-parts…

Q: Firm A and Firm B sell identical goods The total market demand is:Q(P) = 1,000-1.0P The inverse…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that…

A: Monopoly is a structure of market in which there is only one firm producing commodity and has market…

Q: A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations…

A: In part A, we are maximizing the total revenue of the firm and in part B we are maximizing the total…

Q: you are an accountant for a manufacterer of radios. the demand function for the tablets is p= 40-4x2…

A: Given:- Demand function(P)=40-4x2 Cost function(C)=15x Please find the images attached for detailed…

Q: Imagine the demand function for your firm’s product is q = 1500 – 4P.  How much is the Total revenue…

A: q = 1500 – 4P 4P=1500-q P=(1500-q)/4 Total Revenu=Price*Quantity TR=Pq TR=[(1500-q)/4]*q

Q: A firm's profit is determined by subtracting the cost of production from its revenues. Suppose we…

A: Given,  Binjin Company sells pins at price p=45Cost Function : C9y)=y3-9y2+60y+10, y≥0 The Firms…

Q: b. A Single firm, protected by a barrier to entry, produces a personal service that has no close…

A: since you have asked multiple questions and according to policy we can solve only 1 question and for…

Q: Assume the following Demand Function: q+ 10p = 1250 Assume the following Average cost curve: 1000 AC…

A: Profit is maximized at a level where marginal revenue is equal to marginal cost.

Q: Please diagram the revenue and profit situation (which would also include the cost curves) for a…

A: If the quantity demand for an item changes dramatically when the price of the good rises or falls,…

Q: Assume that a firm in a competitive market faces the following cost information. If the market price…

A:

Q: A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations…

A: (A) Demand equation p = 400 - 0.5x  Revenue function: Revenue = Price * Quantity R = px => R =…

Q: MC ATC MR

A: In a perfectly competitive market, there are a large number of firms producing similar and identical…

Q: A manufacturer of a new patented product has found that he can sell 70 units a week to the customer…

A: The quantity demanded of the good refers to the amount of good demanded by the consumer of the good…

Q: You are an accountant for a manufacturer of radios. The demand function for the tablets is 2 p x =…

A: Given information: The demand function for the tablets: p(x)=40-4x2            .... (1) Cost of…

Q: Given Cost and Revenue functions C(q)=q^3-11q^2+55q+5000 and R(q)=−3q^2+2400q, what cost is incurred…

A: Hi there , as per our guidelines we are only allowed to solve up-to 3 sub parts of a question at a…

Q: Calculate What will be the value of total revenue that a firm will generate if price of good is $70…

A: The data presented in the question above is:- Price of the good/Service = $70 Output sold = 400…