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, MR_T, 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.

User Account

All Pages