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I need help with both of these problems, Im stuck trying to figure them out. Price Numbu Total of works Production given (Q) Total Revome
I need help with both of these problems, Im stuck trying to figure them out.
Price Numbu Total of works Production given (Q) Total Revome Total Total Avuage | Avuage Marginal Robit variable cost cost Ivariable cost cost (Tue) ITECETUC | Cost MC= Q da Alic) TC-TR Ave I've Ac= Te Ime TR=PQ ( Q Marginal Total Reveme tiked D(TR)| Cost MR= da (TFC) $300 80 $ 300 $80 N O NA NA O o O $ 300 - $80 2 el $160 $80 2 5 $ 400 80 $ 300 $150 $450 $75 $225 $75 $290 $300 $600 $60 *120 $50 $200 $450 $750 $50 1983,3 $37.5 $30 $80 3 3 9 $720 80 $ 300 $80 4 | 2 $960 80 $300 5 80 $300 $750 $80 14 stanned with 489 danos cahier $ 1,120 $1200 $600 $900 450 1$75 $50 19-60 1050 $53,57475 $75 - $70 900 $1200 $ 60 $80 $150 $0 80 $300 7. Next, she asks you what would happen if she were to produce one more unit than the profit maximizing quantity? You tell her that would mean that the quantity produced would now be _____(number) and that total profit will be $_____ dollars. The reason that profit went up/down (circle one) is that the extra revenue for that last item is $.__-- while the extra cost for that same item is $.__---- 8. She then asks you what would happen if, instead more unit, she produced one less? You tell her that would mean that the quantity produced would now be_ _____ (number) and that total profit will be $____- dollars. The reason that profit went up/down (circle one) is that the extra revenue for that last item is $_ while the extra cost for that same item is $_____ Price Numbu Total of works Production given (Q) Total Revome Total Total Avuage | Avuage Marginal Robit variable cost cost Ivariable cost cost (Tue) ITECETUC | Cost MC= Q da Alic) TC-TR Ave I've Ac= Te Ime TR=PQ ( Q Marginal Total Reveme tiked D(TR)| Cost MR= da (TFC) $300 80 $ 300 $80 N O NA NA O o O $ 300 - $80 2 el $160 $80 2 5 $ 400 80 $ 300 $150 $450 $75 $225 $75 $290 $300 $600 $60 *120 $50 $200 $450 $750 $50 1983,3 $37.5 $30 $80 3 3 9 $720 80 $ 300 $80 4 | 2 $960 80 $300 5 80 $300 $750 $80 14 stanned with 489 danos cahier $ 1,120 $1200 $600 $900 450 1$75 $50 19-60 1050 $53,57475 $75 - $70 900 $1200 $ 60 $80 $150 $0 80 $300 7. Next, she asks you what would happen if she were to produce one more unit than the profit maximizing quantity? You tell her that would mean that the quantity produced would now be _____(number) and that total profit will be $_____ dollars. The reason that profit went up/down (circle one) is that the extra revenue for that last item is $.__-- while the extra cost for that same item is $.__---- 8. She then asks you what would happen if, instead more unit, she produced one less? You tell her that would mean that the quantity produced would now be_ _____ (number) and that total profit will be $____- dollars. The reason that profit went up/down (circle one) is that the extra revenue for that last item is $_ while the extra cost for that same item is $_____Step by Step Solution
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