What would be the profit earned by the firm if his total revenue is $490 and the total costs are $500

Q: You own a firm with a total cost function of: TC = 40 + 150, where Q is the number of output. As you…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: marginal profit is $30 and marginal revenue is $84  Calculate marginal cost

A: The given information is as follows:- Marginal profit= $30 Marginal revenue = $84 We need to find…

Q: Assume a certain firm is producing 1000 units of output. At Q = 1,000, the firm's marginal cost…

A: The firms, businesses, organizations, and other producers work with the motive to produce a given…

Q: Calculate the marginal revenue when marginal profit is $23 and the marginal cost is $78

A: # Marginal revenue is the additional revenue generated with the sale of an another unit of good and…

Q: Consider a firm with the total cost function given by TC(Q) = 2Q² + 100. Choose all the correct…

A: Formula:- Marginal Utility=dTCdQAverage Utility=TCQwhere;TC= Total UtilityQ= Quantity

Q: Find the marginal profit function if cost and revenue are given by C(x) = 183 + 0.3x and R(x) = 9x -…

A: Marginal profit function measures how much the profit changes when there is a unit change in the…

Q: An industry currently has 100 firms, each of which has fixed costs of $8 and average variable costs…

A: Given,  Total number of firms in the industry : 100 Fixed costs = $8 Equilibrium is at $15

Q: If marginal revenue is $45 and the change In output is 4 units  What will be the change in total…

A: The information given to us is:- Marginal revenue = $45  Change in the output = 4 units  We have to…

Q: Calculate marginal profit if marginal cost and marginal revenue are $44 and $80 respectively

A: The data presented in the question above is:- Marginal revenue = $80 Marginal cost = $44 Marginal…

Q: Use the table to compute the marginal revenue and marginal cost

A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…

Q: The demand curve of a firm is p=1200–21q and its total cost is C(q) = 2q° – 66q² +600q+1000 where q…

A: Given that, The demand curve of a firm is  P = 1200 - 21q  Total cost is  C(q) = 2q3- 66q2+600q…

Q: A firm has the following profit function Profits(q) = R(q) - C(q) = 60q - [120+40q+10q²] %3D %3! 1.…

A: Disclaimer :- As you posted Multipart questions we are supposed to solve the first 3 questions only.…

Q: Firms experience a break even point when a. Total revenue is greater than total cost b. Marginal…

A: In break-even, total revenue is equal to total cost (= variable cost + fixed cost), so the firm…

Q: Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 33,(x+9),…

A: Given  Marginal revenue = 900 Marginal cost = 33√(x+9) X = 5units. Profit(π) = Total revenue- Total…

Q: A firm earns economic profit when total profit exceeds

A: To find : When firm book profit

Q: Answer the next question on the basis of the following cost data: Output Total cost 1 40 2 54 87 4…

A: Table attached below show the calculations for total revenue which is computed for each output by…

Q: 1. Diminishing returns happen when the firm adds more amount of a variable input, it should also…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: (b) The marginal cost of two firms is given by the following C'(Q) - 100e 10 TC= 3000 when Q = 0 TC…

A: With the given information the following is solved in the next steps.

Q: A firm's total cost function is c(y) = y² + (a +ß)y + 100ß. p = $50. Find the best output level, y*.

A: Given  Cost function: c(y)=y2+(α+β)y+100β           ..... (1) Price p =$50 We have to find the best…

Q: What is the price function of output for a firm with cost function c(y) = y2+ 2y2+ 6  ? (a) y = P/6…

A: Answer in step 2

Q: Find the marginal profit function if cost and revenue are given by C(x) = 190 + 0.6x and R(x) = 7x -…

A: Answer to the question is as follows:

Q: A sells one of its products for $48 each. The monthly fixed costs are $3000. The marginal cost of…

A: Total cost is the total expenditure done by the producer in the production process. There are two…

Q: When a firm is operating at its minimum efficient scale, its: a. marginal revenue is less than the…

A: Minimum efficient scale is defined as the level of output at which all economies of scale are…

Q: 5. Profit: iPhones Assume that Apple's marginal cost function for the manufacture of x 32GB iPhone…

A: Introduction We have given Apple's cost function for the manufacture of x 32 GB iPhone 6's per hour…

Q: Calculate Marginal revenue when marginal cost is 350 and the marginal profit is 80

A: # The difference between marginal revenue and marginal cost is given as the marginal profit.

Q: Michael Scott's recently founded paper company, aptly named "Michael Scott Paper Company" sets the…

A: Given Information Total Cost = 3q +10Price = $5.5/reamTotal Revenue = $34,100

Q: The graph below represents sales per week of ABC Inc. Ltd, a monopoly multinational enterprise that…

A: Monopoly is a structure of market in which there is only one firm producing commodity and has market…

Q: Suppose the average total cost (ATC) of a firm is given as 4 ATC = Q +- Find the output(Q) that…

A: Sine you have posted multiple question, as per guideline, we are supposed to solve first question…

Q: Suppose Tim runs a small business that manufactures frying pans. Assume that the market for frying…

A: Perfect competition is a market structure where there are many buyers and sellers selling…

Q: The marginal revenue (MR) the individual producer receives when it maximizes its profit is $…

A: Marginal cost is the additional cost of producing one more unit of a good. Marginal revenue is the…

Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30q2 − 12.85q +…

A: Solution - Given in the Question - Total Revenue curve of a firm R(q) =  40q -12q2…

Q: the average variable cost curve. the marginal cost curve. the average fixed cost curve. the marginal…

A: A natural monopoly firm experience economies of scale, i.e., a decrease in ATC as output increases.…

Q: If marginal profit is $17 and marginal revenue is $41  Find the value of Marginal cost

A: The given information is as follows:- Marginal profit = $17  Marginal revenue = $41 We have to…

Q: Calculate the value of marginal cost when marginal revenue is $87 and the Marginal profit is $20

A: The difference between both marginal revenue and marginal cost is said to be as the marginal profit.…

Q: The total cost function is C(q) = q³ – 59q² + 315q + 200 and the revenue function is R(q) = 1000q –…

A: The total cost of production refers to the monetary value of inputs used by the firm in the…

Q: Suppose you own an acre of land. You could grow crops on that land. The cost of seeds is $100. The…

A: An economic profit or loss is the difference between the revenue received from the sale of an output…

Q: What is the value of Marginal profit if marginal cost is $33 and marginal revenue is $56

A: The data presented in the question above is:- Marginal cost = $33  Marginal revenue = $56  Marginal…

Q: What will be the marginal revenue of the firm if the firm has gained marginal profit of $45 and the…

A: The information given to us is as follows:- Marginal profit of the firm = $45 Marginal cost = $100…

Q: A competitive firm has the short-run total cost function c(y) = 8y2 + 512. At what quantity of…

A: Average cost is the per unit cost of production. It is minimized when rate of change in average cost…

Q: A firm’s marginal revenue is $133 and its marginal cost is $90. What amount of profit does the firm…

A: Given information: Marginal revenue (MR) = $133 Marginal cost (MC) = $90   Profit maximization…

Q: 35. Economic profit is equal to total revenue minus all implicit costs. a. True b. False

A: According to the given question the - Economic profit is equal to total revenue minus all implicit…

Q: The cost and revenue functions for a company that manufactures x table saws are given. R(x) = 200x –…

A: By dividing total revenue(TR) by quantity(x) we will get the average revenue(AR) and by dividing…

Q: Should a firm shut firm if its revenue is R = $1,500 per week and: a. Its variable cost is VC =…

A: There are two types of cost in short run which are fixed and variable cost. The total variable cost…

Q: Calculate the value of Marginal revenue if total revenue change by $180 and the total output change…

A: According to the above given question, the values given are:- Change in total revenue = $180  Change…

Q: Calculate the marginal profit when marginal revenue is $84,000 and marginal cost is $77,000

A: # Marginal profit is always given by the difference between marginal revenue and marginal cost. That…