You are given the following
data on the market demand for Beautiful Cars

Assume also that the firm's marginal cost is always positive. Define marginal revenue as the change in revenue resulting from a change in output by 1 unit.
Based on this information, we
can conclude that:

Question

You are given the following
data on the market demand for Beautiful Cars

Assume also that the firm's marginal cost is always positive. Define marginal revenue as the change in revenue resulting from a change in output by 1 unit. 
 Based on this information, we
can conclude that:

Answer

At Q=10, the firm’s marginal revenue exceeds
its marginal cost. Therefore the firm should reduce its output.

Answer

The increase in the firm’s profit if it increases output from 19 to 20 cars is $4880.

Answer

The
marginal revenue from increasing output from 39 to 40 is $2000

Answer

Assume that the profit-maximising output is 32. Therefore the marginal cost of producing the 32nd car is less than or equal to 2960.

		A		B		E		C		D
Q	9	10	19	20	31	32	39	40	59	60
P	7280	7200	6480	6400	5520	5440	4880	4800	3280	3200

Crowdly

You are given the following data on the market demand for Beautiful Cars ...

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