Click Here to Chat on WhatsApp
+16312597728

(Get Answer)

Order Now
Calculating The Marginal Cost Assignment Discussion Paper the output of firm I and Q2​ is the output of firm 2. What is the market mpply curve for this industry? (Hint Graph the teo curves side by side; then add their respective quantities at a sanple of different prices.) (LO2) 3. A price-taking firm makes air condationers. The market price of one of ins new air conditioners is 5120 . Toe firm'stokal cost information is given in the table below: How many air conditioners should the firm produce per day if its goal is to maximize its profite (LO3) 4. For the pizza seller whose marginal. average variable, and average total cost curves are shown in the accompaning diagram, what is the profir-maximizing level of output and how much profit will this producer eann if the price of pizza is $2.50 per alice? (LOS) Calculating The Marginal Cost Assignment Discussion Paper ORDER YOUR PAPER NOW Step-by-step The marginal cost is the extra cost of producing one more unit of a good or service. It is the cost incurred by a company or producer in order to increase output by one unit. We will first calculate the marginal cost for each unit and will compare it by the Market price of Air conditioner i.e $120. In order to maximize profit, we will produce units upto which marginal cost is less than $120 Explanation for step 1 Refer table in step 2 Calculation of Marginal Cost: Air conditioners per day Total cost ($ per day) Marginal cost per unit Calculation 1 100 100 100-0 2 150 50 150-100 3 220 70 220-150 4 310 90 310-220 5 405 95 405-310 6 510 105 510-405 7 650 140 650-510 8 800 150 800-650 Since marginal cost of Unit 1,2,3,4,5,6 is less than $120 i.e its Market price and Marginal cost after 7 units is greater than $120. So in order to maximize its profit, the firm shall produce 6 units. Calculating The Marginal Cost Assignment Discussion Paper Explanation for step 2 The above table shows calculation of marginal cost FINAL ANSWER The firm shall produce 6 units in order to maximize the profit I hope you understood the sum well, Please support and do upvote ;) Calculating The Marginal Cost Assignment Discussion Paper
Order Now

Expert Answer

Calculating The Marginal Cost Assignment Discussion Paper the output of firm  and  is the output of firm 2. What is the market mpply curve for this industry? (Hint Graph the teo curves side by side; then add their respective quantities at a sanple of different prices.) (LO2) 3. A price-taking firm makes air condationers. The market price of one of ins new air conditioners is 5120 . Toe firm'stokal cost information is given in the table below: How many air conditioners should the firm produce per day if its goal is to maximize its profite (LO3) 4. For the pizza seller whose marginal. average variable, and average total cost curves are shown in the accompaning diagram, what is the profir-maximizing level of output and how much profit will this producer eann if the price of pizza is  per alice? (LOS) Calculating The Marginal Cost Assignment Discussion Paper

ORDER YOUR PAPER NOW

Step-by-step

The marginal cost is the extra cost of producing one more unit of a good or service. It is the cost incurred by a company or producer in order to increase output by one unit.
We will first calculate the marginal cost for each unit and will compare it by the Market price of Air conditioner i.e $120. In order to maximize profit, we will produce units upto which marginal cost is less than $120
  • Explanation for step 1
Refer table in step 2
Calculation of Marginal Cost:
Air conditioners per day
Total cost ($ per day)
Marginal cost per unit
Calculation
1
100
100
100-0
2
150
50
150-100
3
220
70
220-150
4
310
90
310-220
5
405
95
405-310
6
510
105
510-405
7
650
140
650-510
8
800
150
800-650
Since marginal cost of Unit 1,2,3,4,5,6 is less than $120 i.e its Market price and Marginal cost after 7 units is greater than $120. So in order to maximize its profit, the firm shall produce 6 units. Calculating The Marginal Cost Assignment Discussion Paper
  • Explanation for step 2
The above table shows calculation of marginal cost
FINAL ANSWER
The firm shall produce 6 units in order to maximize the profit
I hope you understood the sum well, Please support and do upvote ;) Calculating The Marginal Cost Assignment Discussion Paper

This question has already been tackled by one of our writers and a good grade recorded. You can equally get high grades by simply making your order for this or any other school assignment that you may have.

Order Now
Every Student Buys Essays from us, here is why!

Pressed for time to complete assignments or when you feel like you cannot write, you can purchase an essay on our website. Some students also want model papers to use as samples when revising or writing. There are also students who approach our essay writing service to beat deadlines. We handle every type of homework, assignment, and academic writing tasks. You can buy college essays and other assignments here. At a glance, here are some reasons students prefer our website.

100% Original Essays and Papers

You can be sure that you are getting a paper that is custom written based on your instructions. We do not sell papers that are pre-written. Instead, we write every essay from scratch. When you say “write my essay,” we respond by giving you a paper that is 100% original and free of any plagiarism. The essays you purchase from us have never been sold anywhere.

Flexible & Affordable Prices

It does not cost a fortune to get academic writing help on our website. If you have a question from class, place an order, get a discount, and get cheap essay writing services. What you see as the price is what you pay for. There are no any hidden charges. If you need urgent papers, they might cost a little more, but the price is worth the quality you get in the end. Hire a professional academic writer beginning from $13 a page.

Anonymity, Privacy, and Confidentiality

No one will ever know that you purchased an essay or assignment from our website. The essays you buy from us are written by experts. Your data is only used to coordinate the essay writing services you get. No one can access your personal information and data. Go ahead and order an essay from our website. It is safe, secure, and convenient.

Order Now
Order a Unique Copy of this Assignment
275 Words

By placing an order you agree to our terms of service

Place Order »