What is interesting about the numbers you find

Assignment Help Physics
Reference no: EM132527260

1) For the following firm in a competitive market,

COST Revenue

Quantity Produced Total Cost Marginal Cost Qty Demanded Price Total Revenue Marginal Revenue

0 $0 --- 0 $100

1 $50 1 $100

2 $102 2 $100

3 $157 3 $100

4 $217 4 $100

5 $285 5 $100

6 $365 6 $100

7 $465 7 $100

8 $585 8 $100

a) Fill the column for marginal cost, total revenue and marginal revenue

b) What is interesting about the numbers you find for marginal revenue.

c) Based on profit maximization rule that you learned in Chapter 14 for competitive firms, what is the profit maximizing output? Explain how you found your answer.

Reference no: EM132527260

Questions Cloud

Which is not step in the managerial decision-making process : Which is not a step in the managerial decision-making process? eview the results of the decision-making process. Identify the decision problem.
How you interpret company law and partnership legislation : Interpret company law and partnership legislation and relevant case law. Appreciate the role of compliance and the requirement that organisations and individual
What is the amount of her taxable gift : In 2018, Seneca contributes $80,000 to the designated carrier of her state's § 529 plan. Assuming Seneca makes the five-year election what is the amount of gift
Distinguish between discretionary and nondiscretionary : 1) Distinguish between discretionary and nondiscretionary fiscal policy.2) Differentiate between expansionary and contractionary fiscal policy.
What is interesting about the numbers you find : a) Fill the column for marginal cost, total revenue and marginal revenue b) What is interesting about the numbers you find for marginal revenue.
Should the company make or buy the tires : Should the company make or buy the tires? Explain your answer. Bob's Auto manufactures cars and currently uses only 50% of its manufacturing
What must a firm do to maximize its profit : What must a firm do to maximize its profit? Who must the firm please? How?
What costs would be relevant to pricing decision for renting : The New England Patriots,What costs would be relevant to the pricing decision for renting the planes when not in use by the team?
Auction to uncover value in the product or service : Auctions are widely used in finance, e-commerce, and in e-games. Identify three examples of auctions used in finance, e-commerce, and/or e-games.

Reviews

Write a Review

Physics Questions & Answers

  How did ancient people managed to calculate speed fo light

How did ancient people managed to calculate speed fo light? The response must be typed, single spaced, must be in times new roman font.

  Calculate the gauge pressure in the pipe at this location

The density of water is 1.0 x 10^3 kg/m3. Calculate the gauge pressure in the pipe at this location.

  How long does it take to unchoke

Is the flow through the nozzle initially choked?- If so, at what tank pressure does it unchoke?- How long does it take to unchoke if the tank is maintained at 25.0°C?

  What force will the sensor report

The sensor on the torso of a crash-test dummy records the magnitude and direction of the net force acting on dummy. If the dummy is thrown forward with a force of 130-N while simultaneously being hit from the side with a force of 4500N, what force..

  Calculate the wavelengths of the photons

The Lyman series results from transitions of the electron in hydrogen in which the electron ends at the n=1 energy level. calculate the wavelengths of the photons emitted in the transitions from the energy states

  Calculate the maximum flow speed

A pipe carrying 20°C water has a diameter of 3.5 cm. Estimate the maximum flow speed if the flow must be streamline

  What are the periods of the standing and propagating waves

Show that the incident and scattered electric fields form a standing wave normal to the surface and a propagating wave parallel to the surface. What are the periods of the standing and propagating waves if the incident wavelength of the light is l..

  What is the period of the orbit in hours

(a)For a satellite to be in a circular orbit 660 km above the surface of the earth, what orbital speed must it be given (b)What is the period of the orbit (in hours)

  How high was the plane when the decoy was released

A certain airplane has a speed of 250.0 km/h and is diving at an angle of 30.0° below the horizontal when the pilot releases a radar decoy. The horizontal distance between the release point and the point where the decoy strikes the ground is 700 m..

  What is the proper lifetime of such a particle

a subatomic particle is traveling with a gamma factor of 20 as observed by a radiation monitor in a nuclear power plant. What is the proper lifetime of such a particle

  Calculate what is the magnetic moment of the loop

A current of 17.0 mA passes through a circular cable of 2.0m of circumference. A magnetic field of 0.8T passes parallel to the plane of the "loop". calculate what is the magnetic moment of the loop

  What is the mass of the person

This procedure has actually been used to "weigh" astronauts in space. A 42.5-\rm kg chair is attached to a spring and allowed to oscillate. What is the mass of the person

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