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cyaneagle408Lv1
28 Sep 2019
Number of newspapers per day (Q)
Total revenue (including advertising revenues) per day (TR)
Total cost per day (TC)
Marginal Revenue (MR)
Marginal Cost (MC)
Total Profit
0
0
3500
$ -
$ -
$ (3,500.00)
1000
3250
3600
$ 3.25
$ 0.10
$ (350.00)
2000
4250
3700
$ 1.00
$ 0.10
$ 550.00
3000
4750
3860
$ 0.50
$ 0.16
$ 890.00
4000
5000
4020
$ 0.25
$ 0.16
$ 980.00
5000
5200
4300
$ 0.20
$ 0.28
$ 900.00
6000
5375
4500
$ 0.18
$ 0.20
$ 875.00
7000
5400
4590
$ 0.03
$ 0.09
$ 810.00
8000
5375
4810
$ (0.03)
$ 0.22
$ 565.00
9000
5225
5050
$ (0.15)
$ 0.24
$ 175.00
3) How many papers should the manager print and sell daily? Explain your choice in 25 - 50 words.
4) how much profit (or loss) will they earn at the level of output you chose in #3?
5) At the profit-maximizing output level you reported in question 3, are they making the greatest possible amount of total revenue? Explain in 50-100 words why or why not.
Number of newspapers per day (Q) | Total revenue (including advertising revenues) per day (TR) | Total cost per day (TC) | Marginal Revenue (MR) | Marginal Cost (MC) | Total Profit |
0 | 0 | 3500 | $ - | $ - | $ (3,500.00) |
1000 | 3250 | 3600 | $ 3.25 | $ 0.10 | $ (350.00) |
2000 | 4250 | 3700 | $ 1.00 | $ 0.10 | $ 550.00 |
3000 | 4750 | 3860 | $ 0.50 | $ 0.16 | $ 890.00 |
4000 | 5000 | 4020 | $ 0.25 | $ 0.16 | $ 980.00 |
5000 | 5200 | 4300 | $ 0.20 | $ 0.28 | $ 900.00 |
6000 | 5375 | 4500 | $ 0.18 | $ 0.20 | $ 875.00 |
7000 | 5400 | 4590 | $ 0.03 | $ 0.09 | $ 810.00 |
8000 | 5375 | 4810 | $ (0.03) | $ 0.22 | $ 565.00 |
9000 | 5225 | 5050 | $ (0.15) | $ 0.24 | $ 175.00 |
3) How many papers should the manager print and sell daily? Explain your choice in 25 - 50 words.
4) how much profit (or loss) will they earn at the level of output you chose in #3?
5) At the profit-maximizing output level you reported in question 3, are they making the greatest possible amount of total revenue? Explain in 50-100 words why or why not.
Joshua StredderLv10
28 Sep 2019