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Business owners, and aspiring entrepreneurs need to know best form of organization to select based on considerations, including liability, capital

Business owners, and aspiring entrepreneurs need to know best form of organization to select based on considerations, including liability, capital contributions, profits and losses, and control, and survivorship.


Scenario:


Company A is a of widgets in a monopolistically market structure. It is projected that as widgets are sold Company A must offer a on each one to ensure demand. Due to limited supplies and the cost of equipment the cost will rise as more are produced.

The tables below provide data on the and cost at different levels for the year.
Quantity/TR/TC
0 $0.00 $10.00
1 $150.00 $30.00
2 $290.00 $50.00
3 $420.00 $80.00
4 $540.00 $120.00
5 $650.00 $170.00
6 $750.00 $230.00
7 $840.00 $300.00
8 $920.00 $380.00
9 $990.00 $470.00
10 $1,050.00 $570.00
11 $1,100.00 $680.00
12 $1,140.00 $800.00
13 $1,170.00 $930.00
14 $1,190.00 $1,070.00
15 $1,200.00 $1,220.00

Task:

Write an essay in APA guidelines (suggested length of 5 pages) that explains the between marginal revenue and marginal cost, and the of these concepts for profit in which you do the following:

A. Explain profit from the following approaches:
1. Total to cost
2. Marginal revenue to marginal cost

“Total revenue is by multiplying price times quantity.” The total cost can is

B. Explain the used to determine marginal revenue.
1. Discuss how revenue increases, decreases, or remains constant in the given scenario.

C. Explain the used to determine marginal cost.
1. Discuss how marginal cost increases, or remains constant in the given scenario.

D. Explain where profit- occurs for Company A using the provided in the given scenario.

E. Explain what action be taken in terms of adjusting output if it is that marginal revenue is greater than cost.

F. Explain what action should be in terms of adjusting output if it is that marginal cost is greater than revenue.

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9622452.docx

Economics Assignment 1 Economics Assignment
Student Name
Course Name
Date
Instructor Name Economics Assignment Quantity 2 TR TC MR MC Economics Assignment 0 $0.00 3 $10.00 1 $150.00 $30.00 2...

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