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    Price Levels

    Total Revenues and Net Benefits

    Your firms research department has estimated your totoal revenues to be R(Q)=3,000-8Q^2 and your total costs to be C(Q)=100+2Q^2 a. What level of Q maximizes the net benefits? b. What is marginal benefits at this level of Q? c. What is marginal cost at this level of Q? d. What is the maximum level of net benefits? e. W

    MPC (Marginal Propensity to Consume)

    (See attached file for full problem description with diagram) --- 11. (MPC and MPS) If consumption increases by $12 billion when real disposable income increases by $15 billion, what is the value of the MPC? What is the relationship between the MPC and the MPS? If the MPC rises, what must happen to the MPS? How is the MPC r

    Important information about profit maximizing price

    A firm is considering building a bridge. The cost to build the bridge is $2 million with no maintenance costs. The following table shows demand for bridge: Price per crossing # of crossings $8 0 7 100 6 200 5 300 4 400 3 500 2 600 1 700 0 800 a. What is the profit maximizing price? b. What is the efficient

    Principles of microeconomics

    Use the following data to answer questions 1-3(be sure to provide all caculations). Quantities produced Prices Cds Tennis Racquets Cds Tennis Racquets 2004 100 200 20 110 2005 120

    Economics Multiple choice

    Please provide reason for answer. == A perfectly competitive market firm realizes an average of $11.00 and an average total cost of $10.00. Its marginal cost curve crosses the marginal revenue curve at an output level of 100 units. The current profit is $100.00. What is likely to occur in this market? (A) Price will go dow

    Value Added Problem

    "What value added means is not a higher price for certain goods. Value added means adding value to a raw product at its present stage of production and possibly taking that product to the next stage of production. It is basically the difference between the income received from the sale of the various products or services of a bu

    Profit, output level price, monopolist profit & deadweight loss

    A monopolist faces a market demand curve given by Demand: Q = 70 - P such that the marginal revenue curve is MR = 70 - 2Q The monopolist faces the following cost structure: C = .25Q^2 - 5Q + 300 such that the marginal cost curve is MC = .5Q - 5 What output level will the monopolist choose in order to maximize p

    Demand Curve and Total Cost Curve - Find Profit Maximizing ...

    Please study these, you will see them again. 1. Question 1 - 4 using the information presented in question 1. A monopoly faces the following demand curve and total cost curve: Q = 2400 -100P TC = 150,000 + 6Q. Find the profit maximizing level of price a. P = $15 b. P = $16 c. P = $17 d. P = 19 2. Fin

    Prices in Monopolistically Competitive Markets

    When prices in monopolistically competitive markets exceed those in a perfectly competitive equilibrium, this difference is the cost of: a. information b. market power c. inefficiency d. product differentiation

    optimal profit and return

    QPL offers mail-order storage containers for fine china. The co is the low cost provider of these quilted boxes with fixed costs of $480000per year, plus variable costs of $30per box. Annual demand and marginal revenue relations for the co. are: P=$70 - $0.0005; MR=dTR/dQ = $70-$0.001Q A. Calculate the profit maximizing aac

    A.What is the profit maximizing output for this company? b.What is the profit (loss) this firm will make at the profit maximizing level of output? c.How many firms will compete in this market at the profit maximizing price and quantity? d.In the long run, what will be the profit-maximizing price and quantity in this market? What is the profit maximizing quantity in the long run and what will the level of economic profit be for each of these N identical firms?

    1. A profit-maximizing firm operating in a perfectly competitive market can sell products for $100 per unit. The firm has a cost function represented by: C(Q) = 1000- 160Q + 10QSqr(10 q squared) . The market demand function for this product is Qd = 500 - 3P. a.What is the profit maximizing output for this company? b.Wh

    Calculating output, price, total revenue and total profit.

    P = $130 - $0.000125Q MR - $130 - 0.00025 Fixed development cost = $600,000 Marginal costs are $63 per unit. Calculate output, price, total revenue and total profit at the revenue maximizing activity level and then at the profit maximizing level (present each with relevant diagrams).

    Problem solving and graphing

    Complete the following table, assuming that each unit of labor below costs $75 per day. L Q TFC TVC STC MC 0 0 $300 $ $ $ 1 5 75 15 2 11 150 450 12.5 3 15 525 4 18

    Tables and problem solving

    PLEASE REPLY IN TABLE FORMAT FOR THE FIRST SECTION AND EXPLAIN A,B,C,& D. Complete the following table, where L is units of labor, Q is units of output and MP is the marginal product of labor. L Q MP TVC STC MC ATC 0 0 $0 $12 1 6 3 15 2 15 6 3 2