Price, marginal & total revenue, and marginal & total cost

Related BrainMass Solutions

• Profits of a price taking firm

  Comparing total cost and total revenue is one way to find the profit-maximizing rate of output. A second and more revealing way is to use marginal revenue and marginal cost.

• Relationship between total, average, and margin

  of output (total revenue = total price X total quantity) Average revenue: TR/Q.

• Calculating profit-maximizing price and output

  Put Marginal Cost=Marginal Revenue 20=40-0.001Q 0.001Q=40-20=20 Q=20/.001=20000 units Price=PL=40-0.0005*20000=$30 Total revenue=20000*30=$600,000 Total variable costs=20*20000=$400,000 Profit contribution level=TR-TVC=600000-400000=$200,000

• This post completes a monopolist table

  398675 monopolist output, charges, and profit-maximization In the following table are demand and cost data for a pure monopolist. Complete the table by filling in the columns for total revenue, marginal revenue, and marginal cost.

• Graphing cost data to show maximum profit

  Given a firm's Demand curve and its Total Cost function, this solution shows how to use Microsoft Excel to calculate Total Revenue, Marginal Revenue, Marginal Cost, and Profit

• How do you construct a table showing the marginal cost of paper cup productions?

  At $100 the company would provide 6,000 cups (marginal cost = marginal revenue) This solution constructs a table showing the marginal cost of production, minimum price for a certain level of production and supply at certain price levels.

• Calculating the per unit profit/loss at given price levels

  501884 Marginal Cost and Revenue and Per-Unit Profit and Loss Suppose a competitive firm's cost information is as shown in the table below.

• Revenue (demand) and cost situation facing an individual firm

  In the table above, fill in the missing values for Price, Total Revenue, Marginal Revenue (MR), Average Total Cost, and Marginal Cost.

• Finding optimal output level

  Refer Total Profit column of above table. B. Use the table in exercise A to calculate marginal revenue and marginal cost Refer Marginal Cost and Marginal Revenue columns of above table. C.

• Monopolist and Monopolistically competitive markets

  d. all of the above Question 9 A monopoly is producing a level of output at which price is $80, marginal revenue is $40, average total cost is $100, marginal cost is $40, and average fixed cost is $10.