Help me on the microecon questions. If you cannot see the image, please right click it.
Exhibit 23-3
|
(1) |
(2) |
(3) |
|
Price |
Quantity Sold |
Total Cost |
|
$8 |
40 |
$274 |
|
$8 |
41 |
$276 |
|
$8 |
42 |
$280 |
|
$8 |
43 |
$285 |
|
$8 |
44 |
$293 |
|
$8 |
45 |
$302 |
|
$8 |
46 |
$312 |
|
$8 |
47 |
$325 |
Refer to Exhibit 23-3. What quantity of output should the profit-maximizing firm produce?
Select one:
a. 41 units
b. 42 units
c. 44 units
d. 45 units
e. 46 units
Exhibit 23-8
Refer to Exhibit 23-8. What is the total revenue of Firm A at the profit-maximizing (or loss-minimizing) level of output?
Select one:
a. $300
b. $700
c. $1,000
d. $400
Help me on the microecon questions. If you cannot see the image, please right click it....
Help on the Microecononomics questions please Exhibit 23-9 Refer to Exhibit 23-9. Suppose that the market starts out at long-run competitive equilibrium with price equal to P1 and producing Q1 output, and then demand increases from D1 to D2. As a consequence, the typical profit-maximizing firm will a. increase quantity produced by (q2 - q1). b. decrease quantity produced by (q2 - q1). c. decrease quantity produced by (q1 - q3). d. not change its output level because the demand...
Can you please help me with #8?
8. In the figure that follows, we see a hypothetical oligopoly firm choosing between maximizing profit and maximizing sales. Answer the questions below about that firm. a. If the oligopoly seeks to maximize profits, what will be its (1) price, (2) output, and (3) total (economic) profit? b. If the oligopoly seeks to maximize sales, what will be its (1) price, (2) output, and (3) total (economic) profit? Marginal Cost Average Cost Price,...
Answer A-H Please Answer the following Questions for a Monopoly Firm. Price Quantity TR MR MC TC Profit $15,000 0 ---- ---- $50,000 14,000 1 $52,000 13,000 2 $53,000 12,000 3 54,000 11,000 4 $2,000 10,000 5 59,000 9,000 6 4,000 8,000 7 $69,000 7,000 8 $8,000 6,000 9 5,000 10 4,000 11 $18,000 3,000 12 $143,000 a) Fill in the missing information above for this Monopoly Firm for its monthly production. Note there are no numbers for MC and...
Assume that the following cost data are for a perfectly competitive producer: Total Product Marginal Cost , Average Fixed Cost na $60.00 30.00 20.00 15.00 12.00 10.00 Average Variable Cost $0.00 $45.00 42.50 40.00 37.50 37.00 37.50 38.57 40.63 43.33 46.50 Average Total Cost $0.00 $105.00 72.50 60.00 52.50 49.00 47.50 47.14 48.13 50.00 52.50 6 8.57 7.50 6.67 .00 106 Answer the questions in the first column in the table below for each of the prices listed at the...
Assume that the following cost data are for a purely competitive producer Total Product Average Fixed Cost Marginal Cost na $ 45,00 $ 40,00 1 2 5 5 6 0.00 3 0.00 20.00 15.00 Average Average Total Variable Cost Cost 0.00 $ 0.00 $ 45,00 $ 105,00 $ 42.50 $ 72.50 $ 40.00 $ 60.00 $ 37.50 17 505 $ 5250 $ 37005 4 9.00 $ 3750 $ 4750 $ 38.575 $ 4063 $ 48.13 $ 4333 5 0.00 $...
1. close all;2. clear all;clc;3. 4. t=1:0.025:5;5. desired=5*sin(2*3.*t);6. 7. noise=5*sin(2*50*3.*t);8. 9. refer=5*sin(2*50*3.*t+ 3/20);10. 11. primary=desired+noise;12. 13. subplot(4,1,1);14. plot(t,desired);15. ylabel('desired');16. 17. 18. subplot(4,1,2);19. plot(t,refer);20. ylabel('refer'); 21. 22. 23. 24. subplot(4,1,3);25. plot(t,primary);26. ylabel('primary');27. 28. 29. 30. order= 2;31. mu=0.005;32. n=length(primary)33. delayed=zeros(1,order);34. adap=zeros(1,order);35. cancelled=zeros(1,n);36. 37. for k=1:n,38. delayed(1)=refer(k);39. y=delayed*adap';40. cancelled(k)=primary(k)-y;41. adap = adap + 2*mu*cancelled(k) .* delayed;42. delayed(2:order)=delayed(1:order-1);43. end44. 45. subplot(4,1,4);46. plot(t,cancelled);47. ylabel('cancelled');
Please help me break down the equation to get to the right solution. Thank you! 1. The total revenue and total cost function that faces firm A are: TR=10Q TC=100+5Q+0.02Q^2 (Note: Q^2 is q-suared) What is Firm's A marginal revenue (MR)? Select one: a. 20Q b. 10 c. 200Q d. 2Q 2. The total revenue and total cost function that faces firm A are: TR=10Q TC=100+5Q+0.02Q^2 (Note: Q^2 is q-suared) What is firm's A marginal cost (MC)? Select one: a....
please answer all questions!
Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. What is the deadweight loss caused by a profit-maximizing monopoly? O O $150 $200 $250 Os300 A monopolist faces market demand given by P - 60 - Q. For this market, MR = 90 - 2Q and MC - Q. What price will the monopolist charge in order to maximize profits? O $20 O $30 O so Osso In Canada,...
Assume that the following cost data are for a purely competitive producer: Average Fixed Average Average Total Variable Cost Marginal Cost Total Product Cost Cost 000 S 0.00 na na 45.00 S 105.00 72.50 $ 45.00 60,00 S 42.50 S 40.00 30.00 S 6000 S 35.00 2000 S 40.00 S 52.50 S 30.00 15.00 $ 3760 S 3500 49.00 $ 12.00 S 37.00 S 1000$ 37.50 S 47.50 S 47.14 S 40.00 3857 S 45.00 857 $ 48.13 S 55.00 4063...