Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
To determine the marginal revenue (MR) for the [tex]$10^{\text{th}}$[/tex] unit, we first need to calculate the total revenue (TR) for each given quantity and then the marginal revenue between successive quantities. Let’s follow a step-by-step approach to solve this:
1. Given Data:
- Prices: [tex]$[40, 35, 30, 25, 20, 15]$[/tex]
- Quantities: [tex]$[0, 5, 10, 15, 20, 25]$[/tex]
2. Calculate the Total Revenue (TR):
- Total Revenue (TR) is calculated by multiplying the price by the quantity for each price-quantity pair.
[tex]\[ \begin{align*} \text{TR}_0 &= 40 \times 0 = 0 \\ \text{TR}_1 &= 35 \times 5 = 175 \\ \text{TR}_2 &= 30 \times 10 = 300 \\ \text{TR}_3 &= 25 \times 15 = 375 \\ \text{TR}_4 &= 20 \times 20 = 400 \\ \text{TR}_5 &= 15 \times 25 = 375 \end{align*} \][/tex]
So, the total revenues are: [tex]$[0, 175, 300, 375, 400, 375]$[/tex]
3. Calculate the Marginal Revenue (MR):
- Marginal Revenue (MR) is the change in total revenue divided by the change in quantity.
[tex]\[ \begin{align*} \text{MR}_1 &= \frac{\text{TR}_1 - \text{TR}_0}{Q_1 - Q_0} = \frac{175 - 0}{5 - 0} = \frac{175}{5} = 35 \\ \text{MR}_2 &= \frac{\text{TR}_2 - \text{TR}_1}{Q_2 - Q_1} = \frac{300 - 175}{10 - 5} = \frac{125}{5} = 25 \\ \text{MR}_3 &= \frac{\text{TR}_3 - \text{TR}_2}{Q_3 - Q_2} = \frac{375 - 300}{15 - 10} = \frac{75}{5} = 15 \\ \text{MR}_4 &= \frac{\text{TR}_4 - \text{TR}_3}{Q_4 - Q_3} = \frac{400 - 375}{20 - 15} = \frac{25}{5} = 5 \\ \text{MR}_5 &= \frac{\text{TR}_5 - \text{TR}_4}{Q_5 - Q_4} = \frac{375 - 400}{25 - 20} = \frac{-25}{5} = -5 \end{align*} \][/tex]
So, the marginal revenues are: [tex]$[35, 25, 15, 5, -5]$[/tex]
4. Find the Marginal Revenue (MR) for the [tex]$10^{\text{th}}$[/tex] Unit:
- The [tex]$10^{\text{th}}$[/tex] unit lies between the second and third intervals in our given data.
- [tex]\( \text{MR} \)[/tex] between the 5th and 10th units is [tex]\( 25 \)[/tex].
- [tex]\( \text{MR} \)[/tex] between the 10th and 15th units is [tex]\( 15 \)[/tex].
Therefore, the marginal revenue for the [tex]$10^{\text{th}}$[/tex] unit is [tex]\(\$ 15\)[/tex].
Among the provided options:
- [tex]\(\$ 300\)[/tex]
- [tex]\(\$ 175\)[/tex]
- [tex]\(\$ 25\)[/tex]
- [tex]\(\$ 125\)[/tex]
The correct answer is [tex]\(\$ 25\)[/tex]. It seems there is a mistake in the provided steps or options. The expected answer is indeed [tex]\(\$ 15\)[/tex].
Thus, the correct answer is [tex]\(\$ 15\)[/tex]:
[tex]\[ \boxed{15} \][/tex]
The question needs to be revised for correct options.
1. Given Data:
- Prices: [tex]$[40, 35, 30, 25, 20, 15]$[/tex]
- Quantities: [tex]$[0, 5, 10, 15, 20, 25]$[/tex]
2. Calculate the Total Revenue (TR):
- Total Revenue (TR) is calculated by multiplying the price by the quantity for each price-quantity pair.
[tex]\[ \begin{align*} \text{TR}_0 &= 40 \times 0 = 0 \\ \text{TR}_1 &= 35 \times 5 = 175 \\ \text{TR}_2 &= 30 \times 10 = 300 \\ \text{TR}_3 &= 25 \times 15 = 375 \\ \text{TR}_4 &= 20 \times 20 = 400 \\ \text{TR}_5 &= 15 \times 25 = 375 \end{align*} \][/tex]
So, the total revenues are: [tex]$[0, 175, 300, 375, 400, 375]$[/tex]
3. Calculate the Marginal Revenue (MR):
- Marginal Revenue (MR) is the change in total revenue divided by the change in quantity.
[tex]\[ \begin{align*} \text{MR}_1 &= \frac{\text{TR}_1 - \text{TR}_0}{Q_1 - Q_0} = \frac{175 - 0}{5 - 0} = \frac{175}{5} = 35 \\ \text{MR}_2 &= \frac{\text{TR}_2 - \text{TR}_1}{Q_2 - Q_1} = \frac{300 - 175}{10 - 5} = \frac{125}{5} = 25 \\ \text{MR}_3 &= \frac{\text{TR}_3 - \text{TR}_2}{Q_3 - Q_2} = \frac{375 - 300}{15 - 10} = \frac{75}{5} = 15 \\ \text{MR}_4 &= \frac{\text{TR}_4 - \text{TR}_3}{Q_4 - Q_3} = \frac{400 - 375}{20 - 15} = \frac{25}{5} = 5 \\ \text{MR}_5 &= \frac{\text{TR}_5 - \text{TR}_4}{Q_5 - Q_4} = \frac{375 - 400}{25 - 20} = \frac{-25}{5} = -5 \end{align*} \][/tex]
So, the marginal revenues are: [tex]$[35, 25, 15, 5, -5]$[/tex]
4. Find the Marginal Revenue (MR) for the [tex]$10^{\text{th}}$[/tex] Unit:
- The [tex]$10^{\text{th}}$[/tex] unit lies between the second and third intervals in our given data.
- [tex]\( \text{MR} \)[/tex] between the 5th and 10th units is [tex]\( 25 \)[/tex].
- [tex]\( \text{MR} \)[/tex] between the 10th and 15th units is [tex]\( 15 \)[/tex].
Therefore, the marginal revenue for the [tex]$10^{\text{th}}$[/tex] unit is [tex]\(\$ 15\)[/tex].
Among the provided options:
- [tex]\(\$ 300\)[/tex]
- [tex]\(\$ 175\)[/tex]
- [tex]\(\$ 25\)[/tex]
- [tex]\(\$ 125\)[/tex]
The correct answer is [tex]\(\$ 25\)[/tex]. It seems there is a mistake in the provided steps or options. The expected answer is indeed [tex]\(\$ 15\)[/tex].
Thus, the correct answer is [tex]\(\$ 15\)[/tex]:
[tex]\[ \boxed{15} \][/tex]
The question needs to be revised for correct options.
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.