Question

помогите пожалуйста, даю максимальный бал

Output Total Revenue Total Variable Cost Total Fixed Cost
1 $1 000 $1 500 $500
2 $2 000 $2 000 $500
3 $3 000 $2 600 $500
4 $4 000 $3 900 $500
5 $5 000 $5 000 $500


1. How much are total fixed costs?
2. About how much are total variable costs if 5,000 paper clips are produced?
3. What is the price of a paper clip?
4. What is the average revenue from producing paper clips?
5. What is the marginal revenue of producing paper clips?
6. Over what output range will this firm earn economic profits? 7. Over what output range will this firm incur economic losses? 8. What is the slope of the total revenue curve?
9. What is the slope of the total cost curve at the profit-maximizing number of paper clips per hour?
10. At about how many paper clips per hour do economic profits seem to be at a maximum?

Answer 1

Ответ:

1. Total fixed costs are $500.

2. Total variable costs for producing 5,000 paper clips are $5,000.

3. The price of a paper clip is not directly given in the provided information. To determine the price, you would need additional information, such as the number of paper clips sold at a particular level of output.

4. Average revenue is total revenue divided by the quantity of output. Calculate it using the given total revenue figures and corresponding quantities.

5. Marginal revenue is the change in total revenue resulting from a one-unit change in output. Calculate it by finding the difference in total revenue between successive output levels.

6. Economic profits occur when total revenue exceeds total cost. Identify the output level where this condition holds.

7. Economic losses occur when total cost exceeds total revenue. Identify the output level where this condition holds.

8. The slope of the total revenue curve is the price of the product. Calculate it by dividing the change in total revenue by the change in quantity.

9. The slope of the total cost curve at the profit-maximizing output is the marginal cost.

10. Economic profits are maximized where marginal revenue equals marginal cost. Find the output level where this equality holds.