Determine total revenue and marginal revenue for each several possible level of sales.

Use the following demand schedule to determine total revenue and marginal revenue for each possible level of sales: Product Price Quality Demanded Total Revenue Marginal Revenue $2 0 $----------- 2 1 ------------ ---------------- 2 2 ----------- ------------------ 2 3 ----------- ---------------- 2 4 ----------- ----------------- 2 5 ------------ ----------------- .a. What you could conclude about this structure of the industry in which this firm is operating? Explain. b. Graph the demand, total-revenue, and marginal revenue curves for this firm. c. Why do the demand and marginal-revenue curves coincide? d. “Marginal revenue is the change in total r... click for more

Using diagrams for both the industry and a representative firm, illustrate competitive long run equilibrium.

Using diagrams for both the industry and a representative firm, illustrate competitive long run equilibrium. Assuming constant costs, employ these diagrams to show how (a) an increase and (b) a decrease in market demand will upset the long-run equilibrium. Trace graphically and describe verbally the adjustment processes by which long-run equilibrium is restored. Now rework your analysis for increasing and decreasing-cost industries and compare the three long run supply curves. Level - MBA

econ. mod2 key.q 7

In long-run equilibrium, P=minimum ATC=MC. Of what significance for economic efficiency is the equally of P and minimum ATC? The equality of P and MC? Distinguish between productive efficeincy and allocatative efficiency in your answer. Level MBA

Negligence as determined by the marginal Hand Rule

Consider a barge owner who is deciding whether to post an attendant on his barge to make sure that it remains properly moored to the pier. The following table gives the total cost of hiring the attendant,the probability of an accident, and the …xed cost of an accident: Cost of care Probability Damage No attendant posted $0 0.25 $400 Attendant posted for 24 hours $94 0 $400 (a) Calculate the marginal cost and marginal bene…t of posting the attendant. According to the marginal Hand Rule, would the barge owner be found negligent for failing to post an attendant? Now ... click for more

SWOT Analysis of Apple

For each strategic factor that you include make sure that you also include an explanation of why you selected it. Vulnerabilities to help increase you company's market share.