Answer:
$2.45
Explanation:
The formula to compute the marginal revenue is shown below:
Marginal revenue = Change in total revenue ÷ Change in number of quantity sold
where,
Change in total revenue would be
50 burgers × $5 = $250
51 burgers × $4.95 = $252.45
So, the change in total revenue is
= $252.45 - $250
= $2.45
And, the change in number of quantity sold is
= 51 burgers - 50 burgers
= 1
So, the marginal revenue is
= $2.45 ÷ 1
= $2.45
<span>increase the prime lending rate and decrease government spending</span>
The proposal was incidental to a plan to require gold certificate reserves be kept behind Federal Reserve notes. No.
Answer:
improve the quality of urban life and help immigrants adjust to American life.
Explanation:
The progressive movement was a period when the was social activism and political reforms accross America. It occurred between the 1820s to the 1920s.
Mainly the movement was aimed at resolving problems of industrialisation, urbanisation, immigration, and corruption.
This was the basis for direct democracy, and also they requested for regulation of monopolies through anti trust laws that promotes equality in competition.
Answer: $12
Explanation:
In selling the obsolete goods, the company will incur Variable Marketing costs and the alternative will be to throw the goods away.
The relevant costs they will incur are therefore the Variable Marketing costs alone.
The lowest amount that a company should accept for a good is the price that equals it's cost so that they may at least Break-Even.
Seeing as the Variable Marketing Costs are the only relevant cost then the lowest they should accept is the Variable Marketing Costs of $12.
