Home
Class 11
ECONOMICS
The following table shows the total reve...

The following table shows the total revenue and total cost schedules of a competitive firm. Calculate the profit at each output. Determine also the market price of the good.

Text Solution

Verified by Experts

The correct Answer is:
N/a


Market price `(AR) =TR -: ` Rs 5.
Promotional Banner

Topper's Solved these Questions

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Revision|13 Videos

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Very Short Answer Type|7 Videos

  • PRODUCER'S EQUILIBRIUM

    SANDEEP GARG|Exercise TRUE AND FALSE|4 Videos

  • PRICE DETERMINATION AND SIMPLE APPLICATIONS

    SANDEEP GARG|Exercise Long Answer Type Questions|28 Videos

  • PRODUCTION FUNCTION

    SANDEEP GARG|Exercise Practicals on TP, AP and MP|14 Videos

Similar Questions

Explore conceptually related problems

The following table shows the total revenue and total cost schedules of a competitive firm. Calculate the profit at each output level. Determine also the market price of the good.

The following table shows the total revenue and total cost schedules of a competitive firm. Calculate the profit at each level of output. Find the profit maximizing level of output.

The following table shows the total cost schedule of a competitive firm. It is given that the price of the good is Rs. 10. Calculate the profit at each output level. Find the profit maximizing level of output.

The following table shows the total cost schedule of a competitive firm. It is given that the price of the good is Rs. 10. Calculate the profit at each output level. Find the profit maximising level of output.

The following table shows the cost function of a firm. Calculate its average variable cost and marginal cost as each level of output.

The following table shows the total sechedule of a firm. What is the total fixed cost schedule of the firm? Calculate the TVC, AFC, AVC, SAC (Short-run Average Cost or AC) and SMC (Short-run Marginal Cost or MC) schedules of the firm.

The following table shows the total cost of production of a firm at different levels of output. Find out the average variable cost and the marginal cost at each level of output?

From the following total cost and total revenue schedule of a firm. Find out the level of output suing marginal cost and marginal revenue approach , at which at firm would be in equilibrium . Give reasons for your answer.