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    Northwest Florida State College
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Category > Economics Posted 08 May 2017 My Price 9.00

The following data are price/quantity/cost combinations for Titan Industry’s mainframe computer division:

The following data are price/quantity/cost combinations for Titan Industry’s mainframe computer division:

 

Price

Total Cost

Quantity

per Unit

of Production

0

above $225,000

$200,000

1

$225,000

$250,000

2

$175,000

$275,000

3

$150,000

$325,000

4

$125,000

$400,000

5

$ 90,000

$500,000

a. What is the marginal revenue if output rises from 2 to 3 units?What is the marginal cost if output rises from 4 to 5 units?

b. What quantity should Titan produce to maximize total revenue? Total profit?

c. What is Titan’s fixed cost? How do Titan’s marginal costs behave as output increases?

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Status NEW Posted 08 May 2017 11:05 AM My Price 9.00

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