User Account

All Pages

Prices and total costs a local used-book store

Assignment Help Business Economics
Reference no: EM131395537

The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers. Calculate the store's total revenue, total profit, marginal revenue, and marginal cost at each level of output, beginning with the first unit (Enter all values rounded to the nearest penny.) (WHERE SAYS "NOTHING" IS WHERE I NEED ANSWERS)

Output

Price per Book ($)

Total Costs ($)

Total Revenue ($)

Total Profit ($)

Marginal Revenue ($)

Marginal Cost ($)

0

5.75

3.00

nothing

nothing

-

-

1

5.50

6.25

nothing

nothing

nothing

nothing

2

5.25

8.50

nothing

nothing

nothing

nothing

3

5.00

10.60

nothing

nothing

nothing

nothing

4

4.75

13.10

nothing

nothing

nothing

nothing

5

4.50

16.60

nothing

nothing

nothing

nothing

6

4.25

20.75

nothing

nothing

nothing

nothing

7

4.00

25.50

nothing

nothing

nothing

nothing

Reference no: EM131395537

Questions Cloud

Terms of trade will allow countries : Under which terms of trade will allow countries to benefit for trade and which will not?
Dispute between kathy and anne : Determine whether the following disputes are verbal, factual, or some combination of the two. If verbal, discuss whether the dispute arises from vagueness or ambiguity.
Difference between absolute and relative advantage : Do you understand the difference between absolute and relative advantage and how it relatesto the PPF Curve (IE where each are determined?)
Calculate and return the average of values stored : The values returned from calcavg() and variance() should be displayed by using cout statements in main().
Prices and total costs a local used-book store : The table below depicts the prices and total costs a local used-book store faces. The bookstore competes with a number of similar stores, but it capitalizes on its location and the word-of-mouth reputation of the coffee it serves to its customers.
How does social science inquiry advance over time : How does social science inquiry advance and evolve over time? Why is it important that our understanding of social science concepts continue to develop and expand
Dispute between roger and mark : Determine whether the following disputes are verbal, factual, or some combination of the two. If verbal, discuss whether the dispute arises from vagueness or ambiguity.-
Initialize the two-dimensional array : Write, compile, and run a C++ program that selects the values in a 4-by-5 array of positive integers in increasing order and stores the selected values in a one-dimensional array named sort. Use the data given in Exercise 5a to initialize the two-..
What is the theoretical framework for the work : What is the theoretical framework for the work? What are the hypotheses? What are the Independent Variables, and how are they manipulated

Reviews

Write a Review

Business Economics Questions & Answers

  What is the GDP growth rate

A) nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate?

  Upgrading and switching to the labor-intensive process

In evaluating projects, LeadTech’s engineers use a rate of 15%. One year ago a robotic-transfer machine was installed at a cost of $38,000. At the time, a 10-year life was estimated, but the machine has had a downtime rate of 28%, which is unacceptab..

  New heating system to a commercial building owner

A mechanical engineer must recommend a new heating system to a commercial building owner. The owner intends to sell the building in 15 years. A gas fired furnace option has a design life of 5 years, an initial cost of $14,000, a replacement cost of $..

  Concerned about growing inequality of incomes

Suppose a country's government is concerned about growing inequality of incomes and wants to undertake a program that will increase the total earnings of the unskilled. Extending employer payroll taxes to all earnings over $117,000 per year and incre..

  Manager with the appropriate incentive to increase profits

The owners of a small manufacturing concern have hired a manager to run the company with the expectation that (s) he will buy the company after five years. The goal of the owners in making this hire is to find the appropriate manager that will increa..

  Stronger versus weaker dollar

Given the current condition of the United States economy, do you think United States rule makers would prefer to see the $ increase in value, reject in value or stay at its current value?

  Find deadweight loss as a percentage of total tax revenue

Find the deadweight loss from the taxes in parts c and d, assuming that there are no externalities associated with trading in this market. Find the total tax revenues (equal to the tax per unit times the number of units sold when the tax is imposed)...

  Efficient as the private sector in delivering services

Is the government as efficient as the private sector in delivering services? Why? Why not? The new health program (Obamacare) has a number of problems. Will the new health care program be affected adversely?

  Fully loaned up and they face the same reserve ratio

Suppose all other banks in the system are “fully loaned up” and they face the same reserve ratio. The maximum potential increase in the money supply is._____ . If the Fed were to change the rr to 10% for this bank then.

  Not all discrimination is prohibited by law

Not all discrimination is prohibited by law. For example, employers routinely discriminate between potential employees based upon education or experience. Other types of discrimination are more subtle, but still legal. For example, some employers dis..

  Suppose that there is fixed number of workers

Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. What is the rate of job separation (s) ? What is the equilibrium unemployment rate (u) ?

  Assume the demand for plastic surgery is price inelastic

Assume the demand for plastic surgery is price inelastic. Are the following statements true of false? Explain. When the price of plastic surgery increases, the number of operations decreases.The percentage change in the price of plastic surgery is le..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd