This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Marginal revenue equals marginal cost at an output of 20 units. At this output, marginal revenue ... (Read 332 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Apr 19, 2019

Question 1

Marginal revenue equals marginal cost at an output of 10 units. At this output, marginal revenue equals $25, average variable cost equals $30, and average total cost equals $40. In the short run, a profit-maximizing firm will earn a profit of


◦ -$150.
◦ -$100.
◦ $0.
◦ $150.

Question 2

Marginal revenue equals marginal cost at an output of 20 units. At this output, marginal revenue equals $20, average variable cost equals $15, and average total cost equals $25. In the short run, a profit-maximizing firm will earn a profit of


◦ -$200.
◦ -$100.
◦ $200.
◦ $400.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tsand2 on Apr 19, 2019

fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


tsand2

  • Hero Member
  • *****
  • Posts: 520
Reply #2 on: Apr 19, 2019
TY


fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

IgM pentamer of immunoglobulin units IgM pentamer of immunoglobulin units
Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
How to convert between imperial and metric units (Part 3) How to convert between imperial and metric units (Part 3)
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library