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
maks197457 [2]
1 year ago
13

Assume that the market for pencils is perfectly competitive. The market equilibrium price is $0.50 and Perry's Pencil Company ha

s been selling 10,000 pencils per month. If he sells one more pencil, his marginal revenue will be
Business
1 answer:
Nata [24]1 year ago
6 0

The marginal revenue is $0.5 which is being earned if the company sells one more pencil.

<h3>What is total revenue?</h3>

Total revenue is the amount being obtained by the firm after selling the goods and services in the market.

Given values:

Quantity sold: 10,000 units

Marginal quantity: 10,001 units

Equilibrium price: $0.50

Computation of marginal revenue earned:

\rm\ Marginal \rm\ revenue=\frac{ \rm\ Additional \rm\ revenue-\rm\ Total \rm\ revenue}{\rm\ Total \rm\ quanitiy - \rm\ Additional \rm\ quantity} \\\rm\ Marginal \rm\ revenue=\frac{ 10,001 \times\ \$0.50 - 10,000 \times\ \$0.50}{10,001-10,000} \\\rm\ Marginal \rm\ revenue=\frac{\$5,000.50-\$5,000}{1} \\\rm\ Marginal \rm\ revenue=\$0.50

Therefore, when the company sells one more pencil then it earned a marginal revenue of $0.50.

Learn more about the marginal revenue in the related link:

brainly.com/question/13563292

#SPJ1

You might be interested in
The best way to focus your attention on your most important daily goals is to use a
Damm [24]
The correct option is B.
A prioritized to do list is a document which list out all the tasks you have to do in a day in the order of their importance. By following the order in the list you will be able to focus your energy on the tasks that are most important to you on a daily basis.
7 0
3 years ago
What do you think are some of the risks and challenges associated with performing so many hypothesis tests? what would you do to
Aloiza [94]

The risks and challenges associated with performing so many hypothesis tests nearly all null hypotheses are false on a priori grounds.

A hypothesis is a supposition, an idea put forward for the purpose of discussion, that can be tested to see if it is true. Hypotheses are formed before the is implemented.

Hypotheses are usually written as if/then statements. B. If someone eats a lot of sugar, they will get cavities in their teeth. These statements identify a particular variable (in this case, eating a lot of sugar) and imply an outcome (in this case, the tooth develops cavities).

Hypotheses are used to define the relationship between two variables in an experiment. The purpose of a hypothesis is to find an answer to a question. Formalized hypotheses make us think about what kind of results we should be looking for in our experiments. The first variable is called the independent variable.

Learn more about Hypotheses brainly.com/question/11555274

#SPJ4

6 0
2 years ago
Consider Paul's decision to go to college. If he goes to college, he will spend $90,000 on tuition, $15,000 on room and board, a
Katen [24]

Answer:

B. $123,000

Explanation:

The computation of the Paul's cost of going to college is presented below:

= Tuition fees + room and board charges + books expenses + earning as a construction job - room and board charges

= $90,000 + $15,000 + $7,000 + $22,000 - $11,000

= $123,000

We simply deduct the room and board charges while working as a construction job and the other items would be added

4 0
3 years ago
As of December 31, Plush has not recorded any insurance expense for the year. The only insurance policy it owns is the one purch
konstantin123 [22]

Answer:

Debit Insurance expense    $10,000

Credit Prepaid Insurance    $10,000

Being entries to recognize insurance expense for the period (August to December).

Explanation:

Given;

Insurance policy was purchased on July 10 to run for 3 years.

Cost of policy = $72,000

Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)

Monthly depreciation = $72,000/(3 × 12)

                                    = $2,000

Total amortization between August and December = 5 × $2,000

                                                                                      = $10,000

Journal entries

Debit Insurance expense    $10,000

Credit Prepaid Insurance    $10,000

Being entries to recognize insurance expense for the period (August to December).

7 0
3 years ago
A seller listed a home for $200,000 and agreed to pay a commission rate of 5%. The MLS stated that the commission would be share
earnstyle [38]

Answer:

The selling sales associate received $2,700

Explanation:

The final number was 180 thousand dollars. Then the MLS chared 5% of the total sale. Thus, 9 thousand dollars is the commission. Now, the commission was divided again and the sales associate received 50% of the listing office's commission. So those 9000 are divided in 2 and we get 4500 which then are divided and the selling sales associate receives the 60% of that amount or 2700 dollars.

4 0
3 years ago
Other questions:
  • Last year, new era cap company (buffalo, ny celebrated its 90th anniversary in business as a privately held company that makes a
    5·1 answer
  • Frequently, you'll hear people say that "retirement age" is 65. What are they referring to?
    6·1 answer
  • Donald sells stock with an adjusted basis of $38,000 to his son, Kiefer, for its fair market value of $30,000. Kiefer sells the
    6·1 answer
  • Austin is a self-employed accountant who has been certified in his state. He mostly prepares financial records for small busines
    9·2 answers
  • In a market with an upward sloping supply curve and a downward sloping demand curve, when there is an excess supply, the actual
    8·1 answer
  • Which of the following is an example of internal compliance?
    5·1 answer
  • Two firms (1 and 2) compete in a homogeneous goods market, where the firms produce exactly the same good. The firms simultaneous
    14·1 answer
  • Drag the tiles to the boxes to form correct pairs.
    5·1 answer
  • Why should you avoid sending or receiving private email at work?
    15·2 answers
  • How do you feel about the pandemic? Vaccinations? Masks?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!