subject
Physics, 13.10.2020 21:01 sandyykn192

Note: The marginal product of labor is the increase in output added by the last unit of labor. Assignment
Note: Price=$24 = MR TR = MR X Units of Output Profit = TR - TC

Fill in the missing total revenue and profit amounts in the production cost schedule below.
Fixed Variable Total Marginal Marginal Tot1) Fill in the missing costs of the production cost schedule attached below.
Fixed Variable Total Marginal
Output Cost Cost Cost Cost AFC AVC ATC

0 $36 0 $36 $0
1 $36 8 44 8
2 $36 12 48
3 $36 15 51
4 $36 20 56
5 $36 27 63
6 $36 36 72

2) Calculate the MR (Marginal Revenue), The TR (Total Revenue), and the Profit from the production cost table below. You will have to complee the Total Cost and the Marginal Cost before calculating Marginal Revenue, Total Revenue, and Profits.
al Profit
Output Cost Cost Cost Cost Revenue Revenue
0 $36 0 $36 $0 $24
1 $36 8 44 8 24
2 $36 12 48
3 $36 15 51
4 $36 20 56
5 $36 27 63
6 $36 36 72

a) What is the profit-maximizing quantity?
b) What is the total revenue at that quantity?
c) What is the profit?
d) Why is the marginal revenue always $24?

ansver
Answers: 3

Another question on Physics

question
Physics, 21.06.2019 18:30
What is the conversion factor between kg/m^3 and g/m^3. express your experimental values for the densities in kg/m^3.
Answers: 1
question
Physics, 22.06.2019 00:00
Explain to someone who knows nothing about fossils the study of invertebrate paleontology and how it scientists understand the history of the earth. be sure your explanation contains a minimum of two complete sentences.
Answers: 2
question
Physics, 22.06.2019 07:00
Photoelectrons with a maximum speed of 6.50 x 107 m/s are ejected from a surface in the presence of light with a frequency of 6.75 x 1014hz. if the mass of an electron is 9.10 x 10-31 kg, calculate in joules the maximum kinetic energy of a single electron. 3.84 x 10-15 j 1.92 x 10-15 j 5.92 x 10-23 j 3.07 x 10-16 j
Answers: 1
question
Physics, 22.06.2019 07:30
Carbon-14 is a radioactive element that undergoes beta decay. which force is responsible for allowing carbon-14 to become stable? electromagnetic gravitational weak nuclear strong nuclear
Answers: 2
You know the right answer?
Note: The marginal product of labor is the increase in output added by the last unit of labor. Assi...
Questions
question
Mathematics, 14.05.2021 20:50
question
English, 14.05.2021 20:50