Determine whether or not firms operations are productive

Assignment Help Macroeconomics

Reference no: EM13243929

Use the following data for apure monopoly to calculate the firm's: (a) total revenue,marginal revenue, marginal costs, and average total cost; (b) itsprofit-maximizing output level and produce price; (c) its profit.(d) Use the price-cost formula to determine whether or not thefirm's operations are productively-efficient. (e) Use theprice-cost formula to determine whether or not the firm's operations are allocatively efficient.

Q (P = AR) TR MR TC MC ATC

0 $ 0 $ 60

1 58 100

2 57 136

3 56 168

4 55 200

5 54 235

6 53 276

7 52 322

8 51 76

Reference no: EM13243929

Questions Cloud

Unfairly sacrifice equity in favor of efficiency : Which of the following represents the consensus among most economists today with respect to the management of unemployment?

What rate of return did receive on the investment : An investor purchased 100 shares of Omega common stock for 10,000. He held the stock for nine years. For the first four years he received annual end-of-year dividends of $1,000. For the next four years he received annual dividends

Explain the treatment of each of the following compounds : Give the products (if any) expected from the treatment of each of the following compounds with ozone followed by dimethyl sulfide.

What is the x coordinates of q3 : Where Is The Net Force Zero? Three point charges lie along the x-axis. The positive charge q1 = 15.0 ?C is at the x = 2.00 m, What is the x coordinates of q3

Determine whether or not firms operations are productive : Use the following data for apure monopoly to calculate the firm's: (a) total revenue,marginal revenue, marginal costs, and average total cost; (b) itsprofit-maximizing output level and produce price

Define what is the ph at the equivalence point : 20.00 ml of .150 M HC2H2O2 solution is titrated with .150 M NaOH. What is the pH at the equivalence point? Ka of HC2H2O2 = 1.8*10^-5.

Relationship between a persons sociability and cheerfulness : Does knowing high school seniors' IQ scores indicate anything about their high school graduation grade point averages and Is there a relationship between a person's sociability and cheerfulness

Find the magnitude of the third force : Three horizontal forces (the only horizontal ones) act on a box sitting on a floor. One (call it F1) acts due east and has a magnitude of 150lb, Find the magnitude of the third force

Explain the solubility reaction equation explaining : The solubility product for Pb3(PO4)2 is 1.0 x 10^-54. write out the solubility reaction equation explaining why it is set up that way using the solubility rules or else I will not really understand how to set up the problem.

User Account

All Pages