1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveta [45]
2 years ago
9

A monopoly firm can sell 150 units of output for $10 per unit. Alternatively, it can sell 151 units of output for $9.98 per unit

. The marginal revenue of the 151st unit of output is Group of answer choices -$6.98. -$0.02. $2.45. $6.98.
Business
1 answer:
Sliva [168]2 years ago
3 0

If A monopoly firm can sell 150 units of output for $10 per unit. The marginal revenue of the 151st unit of output is $6.98.

<h3>Marginal revenue</h3>

Using this formula

Marginal revenue=(Number of units×Price per units)-(Alternate Number of units×Price per units)

Let plug in the formula

Marginal revenue=(151 units×$9.98 per units)-(150 units×$10 per units)

Marginal revenue=$1,506.98-$1,500

Marginal revenue=$6.98

Therefore the marginal revenue of the 151st unit of output is $6.98.

Learn more about marginal revenue here:brainly.com/question/10822075

You might be interested in
The institution-based view driving alliances and acquisitions focuses on _____ concerns.
Georgia [21]

Answer: (A) Antitrust

Explanation:

Antitrust is one of the type of law that basically monitor the economical power distribution in terms of business.

It is basically refers to the competitive law which is developed by the united state government for protecting the consumers from the various types of business practices.

It mainly ensure that the fairness in the competition in the market. Antitrust concerns are mainly focus on the institutional acquisitions and the alliances.

Therefore, Option (A) is correct.

7 0
3 years ago
Blue Spruce Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busi
dlinn [17]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr,                             $26,100

         To Common stock               $26,100

(Being Cash in exchange of common stock is recorded)

2. No Journal Entry is required

3. Office rent expenses Dr,   $1,305

           To cash                                $1,305

(Being is office rent is recorded)

4. Accounts receivable Dr,    $1,885

          To Accounts payable           $1,885

(Being architectural supplies is recorded)

5. Accounts receivable Dr,   $2,755

         To Service revenue                $2,755

(Being  service revenue is recorded)

6. Cash Dr,                              $1,015

           To Unearned revenue       $1,015

(Being cash is recorded)

7. Cash Dr,                              $4,060

         To Service revenue               $4,060

(Being cash is recorded)

8. Salary expenses Dr,            $2,176

          To Cash                                  $2,176

(Being salary expenses is recorded)

9.Accounts payable Dr,           $435

             To Cash                              $435

(Being accounts payable is recorded)

3 0
3 years ago
The Security Market Line (SML) shows the relationship between stocks' required rates of return (measured on the vertical axis) a
natka813 [3]

Answer:

True

Explanation:

The reason is that the straight line equation is used to illustrate the relation between the rate of return and the beta factor and is given as under:

Y = a + bX

Here

a = Rf

B = Risk premium = Rm - Rf

X = Beta Factor

So this means the security market line is the graphical presentation of capital asset pricing model and illustrates why the increase in beta factor increases the required rate of return, the reason is that the the overall required return Y of the investment will start increasing with the increase in the beta factor.

So the statement is true.

5 0
3 years ago
The Good Earth Company created a special baby shampoo designed for children 5 years old or younger. The company provided an exce
maria [59]

Answer: b. The company did not define its business in terms of the benefits customers seek.

Explanation:

In order for a business to make money, it needs to provide its customers with what they want not what the company wants the customers to want.

In this scenario, people switched to shampoos that could be used by people of all ages instead of just small children because this is what they wanted but not what the company provided. If the company had defined its business in terms of what their customers wanted, they would have made an all age shampoo which would have been bought.

8 0
2 years ago
The __________ states that businesses will produce more products when they can sell them at higher prices.
jeka94
The answer that would best complete the given statement above would be option A. It is the LAW OF SUPPLY that states that businesses will produce more products when they can sell them at higher prices. On the other hand, the law of demand<span> states that buyers will want more products when prices are low. Hope this answers your question.</span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • What is the answer to 2/3x8
    10·1 answer
  • Lynda Jones College Plan On her 10th birthday Linda Jone's parents decide to deposit $4,000 in a 529 account for their daughter
    9·1 answer
  • What does the word "Friend" mean?
    5·2 answers
  • What are the disadvantages of choosing the lease? Check all that apply.
    14·2 answers
  • The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as
    5·1 answer
  • Three Waters Co. is a small company and is considering a project that will require $700,000 in assets. The project will be finan
    14·2 answers
  • Note: You must complete parts 1, 2 and 3 before attempting to complete part 4 and part 6. Part 5 is an optional work sheet. 4. A
    5·1 answer
  • When a​ firm's longminus−run average cost curve is horizontal for a range of​ output, then in that range production displays?
    12·1 answer
  • Kentucky Lumber and MillWork Company contracted to supply Rommell Company millwork for use in the construction of a school build
    12·2 answers
  • the additional incentive that the purchaser of a treasury security requires to buy a long-term security rather than a short-term
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!