What is the total amount of output the firm

Assignment Help Microeconomics
Reference no: EM13156375

Consider the graph below.  It contains 2 separate demand curves, D1 and D2, the marginal revenue curve associated with each one, MR1 and MR2, a total marginal revenue curve, MRT, along with marginal cost.  (You might want to look at page 586 in your book to get another example, only in that one the total marginal revenue curve is placed on the graph on the right...)

333_TOTAL amount of output the firm should produce.png

a. What is the TOTAL amount of output the firm should produce?

b. Approximately how much output should the firm allocate to market 1?

c. Approximately how much output should the firm allocate to market 2?

d. What is the approximate price that will be charged in market 1?

e. What is the approximate price that will be charged in market 2?

Reference no: EM13156375

Questions Cloud

What is the final pressure of the gas : A sample of gas with an initial volume of 33.0 L at a pressure of 765 mmHg and a temperature of 325 K is compressed to a volume of 16.2 L and warmed to a temperature of 440 K. What is the final pressure of the gas?
Value of studying literature and film : What is the value of studying literature and film and what impact do these art forms have on society and the individual
Basics regarding depreciation : Which of the following is not true regarding Depreciation? a. Depreciation expense does not measure changes in market value. b. Depreciation expense reflects the decrease in market value each year.
What multiple regression model particularly concerned with : Inverse relationship with wage spending. What should the microeconomist who developed this multiple regression model be particularly concerned with?
What is the total amount of output the firm : What is the TOTAL amount of output the firm should produce and approximately how much output should the firm allocate to market 1?
How differing levels of project risk influence decisions : In general, how would a capital budgeting constraint on the available amount of investment funds influence these decisions? How would differing levels of project risk influence these decisions?
Investigation of the reaction between copper ions : what would be the chemical equation to this problem? In an investigation of the reaction between copper(II) ions, Cu2+, and hydrazine, N2H4, in alkaline conditions the following observations were made: 25 mL of a solution containing 25 g/L CuSO4.5..
Accounting records to the acquired asset : Equipment with an estimated market value of 75,000 is offered for sale at 95,000. the equipment is acquired for 30,00 in cash and a not payable of 50,000 due in 30 days the amount used in the buyers accounting records to the acquired asset is what..
Research on brain development : Explain how this research on brain development can be of use to child development professionals as a group and to your own future work with young children and families.

Reviews

Write a Review

Microeconomics Questions & Answers

  Draw a budget constraint and an indifference curve

Draw a budget constraint and an indifference curve for an individual who works in period one and is retired (earns no income) in period two. He consumes some of his income in period 1 and saves the rest of his income for period 2.

  Determine the price of computers in a free market

Examine the factors that determine the price of computers in a free market.

  How to regulate the nations banks

A Federal Reserve Bank has employed the economic consulting company to make a paper on how the use of money has changed over the past twenty years.

  Deficit in the current account balance

The United States dollar exchange rate can be affected by changes in the current account, capital account and official reserve transactions.

  Examples of market structures

Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?

  Determine average fixed cost

If the total cost of producing 20 units of output is $1000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output?

  Perfect competition gives an optimal allocation of resource

Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition impossible.

  Explain the effect of interest rates on money supply

In the summer of 1997, Congress and president agreed on budget package to balance the federal budget. The contract," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997,

  Market supply of labor

Use a graphical illustration to describe briefly what the influence an increase in immigration on the market supply of labor

  Impact on china on global microeconomics

Does microeconomics apply to every nation in the world. Explain your reasoning. and explain the specifics of any cases or examples you use and the implications of similar on local citizens of that country.

  Description of your empirical analysis

What literature you are reviewing and how it contributes to your research question. You might want to consider areas such as additional readings on theory, policy relevance, debates and existing findings.

  Determining demand for housing

The demand for housing is often described as being highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics describe the effect of each of the following terms of whether it would increase or decrease the..

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!

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