WebEconomics Economics questions and answers Marginal cost equals A. total cost divided by quantity of output produced. B.total output divided by the change in total cost. C. None of … WebAt Q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit. 1.At Q = 1,000, the firm's profits equa l a. -$200. b. $1,000. c. $3,000. d. $4,000. 2.At Q = 999, the firm's …
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WebSep 27, 2024 · Marginal cost Marginal cost is the derivative of the cost function, so take the derivative and evaluate it at x = 100. Thus, the marginal cost at x = 100 is $15 — this is the approximate cost of producing the 101st widget. Marginal revenue Revenue, R ( x ), equals the number of items sold, x, times the price, p: WebJan 10, 2024 · The marginal cost of production is the cost of producing one additional unit. For instance, say the total cost of producing 100 units of a good is $200. The total cost of … freeware wmv joiner
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WebEconomics Economics questions and answers Graphically solve for the Bertrand equilibrium when firm 1 has a marginal cost of M C subscript 1 equals 1 and firm 2 has a marginal cost of M C subscript 2 equals 2. This question hasn't been solved yet Ask an expert WebSuppose a monopolist faces a market demand curve given by P =50 -Q. Marginal cost is initially equal tozero and constant.a. Calculate the profit maximizing price and quantity. Use the Lerner index to calculate the price elasticity ofdemand at this point. What is the amount of deadweight loss associated with this monopoly? Question WebIf a monopolist's price is $50 at 63 units of output and marginal revenue equals marginal cost and average total cost equals $43, then the firm's total profit is: $441. $2 , 709 $7 . $3 , 150 freeware world