--%>
Assignment Help - homework help

Total revenue in profit-maximizing competitive firm

Total revenue (i.e., TR=PQ) for such profit-maximizing competitive firm equals area as: (a) 0P1gq5. (b) 0P1dq4. (c) 0P2cq3. (d) P2P1de. (e) 0P2eq4.

37_Total Revenue1.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Statement of Craft unions I have a

    I have a problem in economics on Definition of Craft unions. Please help me in the following question. The Craft unions systematize all the workers: (i) In a specific firm or industry, in spite of skill or craft. (ii) In a specific craft, even when th

    		•
  • Q : Development and Distribution of Income

    Compared to other relatively prosperous developed nations, the United States: (w) has greater inequality in the distribution of its wealth and national income. (x) enjoys the lowest cost medical care and the best average public health. (y) has been the most aggressive

    		•
  • Q : Variation in demand curve with price

    The demand curve along with price elasticity which definitely varies along the curve is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Relative utility-Consumer Equilibrium

    Can someone please help me in finding out the accurate answer from the following question. The relative utility from the last dollar used up on food is the ratio: (i) Marginal utility of food or production cost of food. (ii) The Price of food or net grocery bill. (iii

    		•
  • Q : Quantity Equilibrium I have the

    I have the quantity functions of demand and supply for two different goods, and I have to find the equilibrium of both the goods. Would I make all four functions equal to each other to find the equilibrium for the two goods? Or am I supposed to do something else?

    		•
  • Q : Rate of Return onto Investment When

    When Henrietta Homeowner invests $100 to replace her old mechanical thermostat along with a new computerized “smart” thermostat, in that case her gas and electric bills will be decreased by $100 yearly all times. The rate of return onto this invest

    		•
  • Q : What drives market towards their

    What drives market towards their equilibrium?

    		•
  • Q : AFC curve What does AFC curve appear

    What does AFC curve appear like? Why does it appear so?

    		•
  • Q : Labor Supply Curves to the Competitive

    The price taker in labor market: (1) Can set the salary that it will pay for the labor it hires. (2) Can set the salary at which it supplies the use of its labor. (3) Doesn’t care what salary it pays or obtains. (4) Can’t influence the wage recognized by t

    		•
  • Q : Coefficient of cross-elasticity of

    When a price hike from $15 to $20 for DVD disks causes sales of DVD players to reduce from 100 to 50 units, in that case the coefficient of cross-elasticity of demand among these goods is approximately: (w) 1/10. (x)  10. (y)  7/3. (z) 

    		•