Output: Price:
1 $5
2 $5
3 $5
4 $5
5 $5
6 $5
7 $5
Given the above information, compute the marginal revenue.
Output: Price:
1 $5
2 $5
3 $5
4 $5
5 $5
6 $5
7 $5
Given the above information, compute the marginal revenue.
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Related questions
Use the information below to compute for the marginal revenue and total revenue.
|
Output |
Price |
Total Cost |
|
1 |
5 |
10 |
|
2 |
5 |
12 |
|
3 |
5 |
15 |
|
4 |
5 |
19 |
|
5 |
5 |
24 |
|
6 |
5 |
30 |
|
7 |
5 |
45 |
Use the information below to compute for the marginal revenue and total revenue.
|
Output |
Price |
Total Cost |
|
1 |
5 |
10 |
|
2 |
5 |
12 |
|
3 |
5 |
15 |
|
4 |
5 |
19 |
|
5 |
5 |
24 |
|
6 |
5 |
30 |
|
7 |
5 |
45 |
| Demand Data | Cost Data | ||
| Price | Quantity Demanded | Output | Total Cost |
| 5.5 | 3 | 3 | 5 |
| 5 | 4 | 4 | 6 |
| 4.5 | 5 | 5 | 6.5 |
| 3.85 | 6 | 6 | 7.5 |
| 3.35 | 7 | 7 | 9 |
| 2.90 | 8 | 8 | 11 |
| 2.5 | 9 | 9 | 14 |
From the monopoly data given above, compute the following for each level of output.
1) total revenue.
2) marginal revenue.
3) average costs
4) marginal cost.
5) the profit maximizing profit level of output. the q that maximizes profit.
6) the profit maximizing price.
7) the total level of profits at the profit maximizing output level.
