Answered step by step
Verified Expert Solution
Question
1 Approved Answer
15. Given the table, what is the value of Marginal Revenue at 475 units of output? (found when output is increased from 450 to 500
15. Given the table, what is the value of Marginal Revenue at 475 units of output? (found when output is increased from 450 to 500 units)? A) $2.20 B) $110 C) $0.22 D) $0.2444 E) $55 16. Given the table, what quantity of output maximizes profits? F) None of the above A) 500 B) 550 C) 600 D) 650 E) 700 C) $160 A) $200 B) $190 17. Given the table, what is the value of total prouts at the profit maximizing quantity? D) $1320 E) $320 F) None of the above QCAP MP TFC TVC AFC AVL AIC MC MP 24 1 50 450 130 39 20 # 760 380 0.267 1. 69: 196 910 400 385. 19.20 16-7 120 41x 20 -970 940 0.24 1.64 940 - 980/560-450 - 1.2 1100 2.2 45 540 14. 10 92 13.5 120 45 1 20 = 900 .1 020 0.218 1.64 1-85 1838 - 949550-500 1.6 1210 50 600 2.2 12 110 50 % 20 + 1000 0.2 1.67 1.96 120- 18207100-550- 2 56 1320 650 9.3 120 56 X20 - 1 120 1240 0.195 172 1.91 12 40-1120/650-600 -2.4 1430 2.2 106 H 120 $3 x 20 = 1260 1350 0. 171 1.97 1360 -1240/100-650# 2.1 1910 7.2 150 Ti 6.25 120 11 x 20 . 1420. 1540 6.14 1.493 2.053 1540 -1980 750 -700 - 3.2 16 50 2.2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started