Question: 100 quantity, average revenue 10, average total cost 8, fixed cost 200. what is the marginal cost

100 quantity, average revenue 10, average total cost 8, fixed cost 200. what is the marginal cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

uantity 100, average revenue 10, average total costs 8, fixed cost 200. what is the profit

Q:

22. Refer to the above graph for a firm in pure competition. Line A represents (a) total revenue. (b) average revenue (c) average total cost average fixed cost. (c) marginal revenue

Q:

Question 8 2.5 pts Again, please work with the following cost information for Jane's Baked Goods. Jane's Baked Goods is a perfectly competitive, profit-maximizing firm. Quantity Average Fixed Cost...

Q:

Using this table - How can I find out what quantity the firm produce to maximize profit (steps please)- How can I find out what is the marginal revenue at the optimal quantity? -How can I find out...

Q:

An industry currently has 100 firms, each of which has fixed costs of $16 and average variable costs as follows: Quantity Average Variable Cost Average Total Cost Marginal Cost 1 $1 2 2 3 3 4 4 5 5 6...

Q:

2) The table below is a schedule of a firm's fixed cost and variable cost. a) Complete the table by computing total cost, average fixed cost, average total cost, and marginal cost. Output Total Total...

Q:

Please see below. I need help with both of these items please and thank you. Note that I am only given one opportunity at each of these. Note that both problems have multiple pictures attached to...

Q:

Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Marginal Fixed Variable Total Quantity Average...

Q:

Use your knowledge of cost functions to calculate the missed cost data in the accompanying lable. Round your answers to two digits after the decimal Marginal Fixed Variable Total Quantity Average...

Q:

1. A perfectly competitive firm has no influence over price because: Select one: A. consumers establish the prices of products. B. antitrust laws constrain perfectly competitive firms. C. it is...

Q:

Key comparative figures for both Best Buy and RadioShack follow. Required 1. Compute the dollar amount of gross margin and the gross margin ratio for the two years shown for each of these companies....

Q:

Use a CAS to find the exact area of the surface obtained by rotating the curve about the -axis. If you're CAS has trouble evaluating the integral, express the surface area as an integral in the other...

Q:

On average, heart disease tends to develop in women about q , compared to men. 5 years earlier 1 0 years earlier 1 0 years later 1 5 years tater

Q:

Suppose you are central bank governor of a country which is experiencing inflation of 100% per month. You have two economic advisors. One advisor tells you that in order to increase seignorage you...

Q:

On June 15, 2019, Nicole Snobelen, owner of Evelynn by Nicole Snobelen (Evelynn), had just been informed that a location at The Market in the Western Fair District (The Market) had become available...

Q:

Assessment 3.0: Drainage Produce a report (300 words min) which identifies the requirements for drainage within the railway infrastructure and the methods of achieving adequate drainage. Use a...

Q:

ABC company incurred the following maintenance costs during the past 6 months Table 1 REQUIRED 1. Use a scattergraph and the two points that seem to best represent the relationship between cost and...

Q:

A researcher wishes to conduct a study of the color preferences of new car buyers. Suppose that 50% of this population prefers the color blue. If 10 buyers are randomly selected, what is the...

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

Optional extension. Download the Visio diagram version of Figure 2-9 from this books: Web site, www .pearsonhighered.com/kroenke. Modify the diagram to illustrate the sequence of tasks you chose as...

Q:

Consider the four definitions of information presented in this chapter. The problem with the first definition, knowledge derived from data, is that it merely substitutes one word we dont know the...

Q:

State the criteria that you used for making your selections in questions 2-8 and 2-9.