Explain how many hamburgers does ron produce

Assignment Help Business Economics

Reference no: EM1344945

Ron's Hamburger Joint is the only restaurant in town. The above figure represents Ron's cost, the market demand, and marginal revenue curves. Ron operates as a single monopoly.

a. Explain how many hamburgers does Ron produce?

b. Illustrate what price does Ron charge for a hamburger?

c. What is Ron's total revenue?

d. What is his total cost?

e. What is Ron's economic profit?

Reference no: EM1344945

Questions Cloud

What frequency detected by train moving toward first train : A cluster of galaxies has a radius of about 5.2 million light-years (4.9×10^22) and an intracluster medium with a temperature of (6.5×10^7) K. Estimate the mass of the cluster. Give the answer in both kilograms and solar masses. Suppose combined l..

Describing use of request for information : Describe in scholarly detail how you would utilize RFI (Request For Information) procedures to recognize potential vendors in the acquisition process, and RFQ.

Find irr and wacc of the project : MT 217 can manufacture new PDA for $200 each in variable costs. Fixed costs for the operation are determined to run $4.5 million per year. The estimated sales volume is 70,000, 80,000, 100,000, 85,000, & 75,000 every year for the next 5-years, respec..

Find out the change in entropy after the system : Pandora Jewellery has turn into the best choice for ladies all more than the world who desires to express their personal style. The Pandora Bracelets provide a rich array of stylish diamond jewellery developed by artisans utilizing the finest mate..

Explain how many hamburgers does ron produce : Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.

Explaining straight-line depreciation method : Explain in scholarly detail how to carry out Straight-line Depreciation Method calculations.

What would be the final temperature : A Histogram shows that the mean of rain in the area has increased over the last 5 years. What is the probability that the mean would be higher this year than in the previous 5.

How much does the spring stretch : Two long parallel wires each carry a current of 5. A directed to the east. The two wires are separated by 8 cm. What is the magnitude of the magnetic field at a point that is 5.0 cm from each of the wires.

Examination of differences among revenue, costs & cash flows : Match the following finance terms with the solutions below. If none fit, indicate it.

User Account

All Pages