User Account

All Pages

Consider the total cost and the total revenue

Assignment Help Microeconomics
Reference no: EM13534430

Consider the total cost and the total revenue given in the table below:
Quantity
0
1
2
3
4
5
6
7
Total cost (in €)
8
9
10
11
13
19
27
37
Total revenue (in €)
0
8
16
24
32
40
48
56
a) Calculate profit for each quantity. How much should the firm produce to maximize profit?
b) Calculate marginal revenue and marginal cost for each quantity.

Reference no: EM13534430

Questions Cloud

Geneticsystem with four different nucleotides : If proteins were composed of only 12 different kinds of aminoacids, what would be the smallest possible codon size in a geneticsystem with four different nucleotides?
Explain your rationale : Consider the role the U.S. government has taken in the regulation of banks, as well as the history of major banking regulations, and predict the next major regulatory move by the U.S. government. Explain your rationale.
In your search for mutants of your favorite gene : In your search for mutants of "your favorite gene" (yfg) you identify a mutant which you believe to be a transposon insertion. At your disposal you havea point mutant of yfg. How can you distinguish this potential yfg transposondisruption from a n..
The e-activity, critique the dodd-frank act to determine : The e-Activity, critique the Dodd-Frank Act to determine
Consider the total cost and the total revenue : Consider the total cost and the total revenue
Prepare a revised operating profit report : The business treats the cost of idle capacity as a period cost and prepare a revised operating profit report and summary of manufacturing activity for the business.
Insulin is a peptide hormone that : Insulin is a peptide hormone that:(explanation requiredfor points)
Good does canada have a comparative advantage : For which good does Canada have a comparative advantage?
Glucagon stimulates gluconeogenesis because : Glucagon stimulates gluconeogenesis because:(explanationrequired for points)

Reviews

Write a Review

Microeconomics Questions & Answers

  Economic and socially efficient market outcomes

35 percent Turkey growers operate in a competitive, stable cost industry. This industry has reached a long run equilibrium at a price of $1 per pound of turkey

  Sketch the diagram illustrating situation where economic

for each 100 that an employee earns the employer pays 4.45 in canada pension plan premiums and the employee pays 4.45

  Question 1 harveys muffler offers a full refund to anyone

question 1. harveys muffler offers a full refund to anyone who is not satisfied with the replacement of mufflers. the

  Determine the equilibrium rate of exchange

The Arena Corporation, which sells engines, has a uniform value of $500, which is charges all its consumers. But, after its competitors begin to cut their rates in the California market to $400, Arena decrease its price to $400.

  Describe why aggregate supply curve is vertical in a graph

explain why the aggregate supply curve is vertical in a graph with the price level on the vertical axis and real gdp on

  Identify the highest valued alternative courses

One of the lessons of economics is that "there is no such thing as a free lunch." That means that businesses, consumers and whole societies face tradeoffs whenever they make a decision. Explain a decision that you have made at work or concerning your..

  Mathew has the utility function u vxy where y represents

mathew has the utility function u vxy where y represents apples and x represents hot dogs income of 20 and is deciding

  A pure monopolist sells output for 400 per unit at the

a pure monopolist sells output for 4.00 per unit at the current level of production. at this level of output the

  Examine strategic manner in which leading company in the

select one 1 of the following categories of products to research sports apparel automobiles home furnishings or

  Effect of the equilibrium price and quantity of orange juice

The price of apple juice decreases, and the wage rate paid to orange grove workers increases-equilibrium price_________equilibrium quantity________

  What are the other determinants of demand

What are the other determinants of demand? What is an equilibrium? What are the effects of increased demand on equilibrium quantity and equilibrium price?

  What is the mpc marginal propensity to consume

Assume also that her money holdings or the price level stay constant over time. write down the “life-time” budget constraint of this farmer,assuming that her planning horizon extends only two periods into the future.

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